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$1,999,500 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 13 hours ago

Listed by Farheen Ahmed | Windermere Real Estate/East | (425) 455-5300

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Downtown Redmond corner-lot fourplex with upside on every front. In-place rents sit below market - immediate value-add. Downtown Edge zoning (up to 4 stories) plus unused treed land add ADU/redevelopment potential; buyer to verify with City. Walk to the NEW light rail station, downtown Redmond, and Bella Bottega shops and theater. Every unit: 2 bed, 1 split bath, versatile storage/mud room/den, in-unit washer/dryer, deck with storage closet, 2 parking spaces (8 total), southern exposure, elevated siting. Income today, optionality tomorrow.

Full Property Details for 16518 NE 85th St

General

  • Price: $1,999,500
  • Taxes: $17,299 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2551793
  • Updated: 7/10/2026
  • Added to Site: 1 day(s) ago

Interior

  • Flooring: Vinyl, Vinyl Plank, Carpet

Additional Information

  • Amenities: Deck

Parking

  • Uncovered Spaces: 8

Location

  • Area: 550 - Redmond/Carnation
  • County: King
  • Subdivision: Downtown Redmond
  • Building Name: REDMOND SHORT PLAT #78-10
  • Driving Directions: GPS is accurate.

School Information

  • High School District: Lake Washington
  • Elementary School: Redmond Elem
  • Middle School: Redmond Middle
  • High School: Redmond High

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air, Wall Furnace

Utilities

  • Sewer: Sewer Connected
  • Water: Private

Structural Information

  • Structure Type: Quadruplex
  • Exterior Const.: Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 3,976
  • Year Built: 1978
  • Property Condition: Updated/Remodeled

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size (Acres): 0.2973
  • Lot Size (Sq. Ft.): 12,950
  • Lot Size Source: Realist
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk, Value In Land
  • Zoning: Commercial, Multi-Family, Residential

Financial Considerations

  • Tax Amount: $17,299.43
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 125059177
  • Lot Number: 1

Listed by Farheen Ahmed | Windermere Real Estate/East | (425) 455-5300

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Schools serving 16518 NE 85th St

School District:Lake Washington School District
NameGradesDistance
Redmond Elementary School
16800 Northeast 80th Street, Redmond, WA 98052
K-50.3 mi
Redmond Middle School
10055 166th Avenue Northeast, Redmond, WA 98052
6-80.9 mi
Redmond High School, Redmond, WA
17272 Northeast 104th Street, Redmond, WA 98052
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 16518 NE 85th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/10/2026
Listed
$1,999,500
159%
MLS
8/22/2014
Sold
$772,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 16518 NE 85th St

Year
Property Taxes
Change
Tax Assessment
Change
2026
$21,287
23%
$2,532,000
15%
2024
$17,299
-2%
$2,202,500
10%
2024
$17,673
20%
$2,008,200
—
2022
$14,759
2%
$2,008,200
15%
2021
$14,462
—
$1,749,200
12%
2021
$14,462
21%
$1,555,000
20%
2020
$11,928
10%
$1,296,000
6%
2019
$10,808
4%
$1,218,300
17%
2018
$10,356
23%
$1,037,000
18%
2017
$8,436
-1%
$881,600
—
2016
$8,514
11%
$881,600
15%
2015
$7,656
6%
$765,000
16%
2014
$7,222
—
$661,400
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Farheen Ahmed | Windermere Real Estate/East | (425) 455-5300

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16518 NE 85th Street, Redmond, WA 98052 (MLS# 2551793) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 16518 NE 85th Street is currently listed for $1,999,500 and was received on July 10, 2026. Want to learn more about 16518 NE 85th Street? Do you have questions about finding other Multi-Family real estate for sale in Downtown-190th-Riverfront? You can browse all Downtown-190th-Riverfront real estate or contact a Coldwell Banker agent to request more information.

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