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.
Active
Listed by: Windermere Real Estate/East • Farheen Ahmed
$1,999,500
16518 NE 85th Street, Redmond, WA 98052
8beds
4baths
3,976sqft
Quadruplex, Multi Family
Built in 1978
-- sqft lot
$1,892,200 Zestimate®
$503/sqft
$-- HOA
What's special
Treed land
- 51 days
- 472
- 34
Zillow last checked:
Listing updated:
Listed by:
Farheen Ahmed,
Windermere Real Estate/East
Source: NWMLS as distributed by MLS GRID,MLS#: 2551793
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air, Wall Furnace, Electric, Natural Gas
Cooling
- None
Features
- Flooring: Vinyl, Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,976
- Total interior livable area: 3,976 sqft
Property
Parking
- Total spaces: 8
- Uncovered spaces: 8
Lot
- Size: 0.3 Acres
- Features: Corner Lot, Curbs, Paved, Sidewalk, Value In Land, Deck
Details
- Parcel number: 0125059177
- Zoning description: Commercial,Multi-Family,Residential,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex, Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1978
- Major remodel year: 1978
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Redmond
- Water: Private, Company: City of Redmond
Community & HOA
Community
- Subdivision: Downtown Redmond
Location
- Region: Redmond
Financial & listing details
- Price per square foot: $503/sqft
- Tax assessed value: $2,532,000
- Annual tax amount: $17,299
- Date on market: 7/9/2026
- Cumulative days on market: 52 days
- Listing terms: Conventional,FHA
Estimated market value
$1,892,200
$1.80M - $1.99M
$2,847/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2026 | Listed for sale | $1,999,500+159%$503/sqft |
Source:  NWMLS as distributed by MLS GRID #2551793 Report a problem | ||
| 7/1/2025 | Listing removed | $2,300$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/20/2025 | Listed for rent | $2,300$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/6/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/19/2024 | Listed for rent | $2,300+38.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/3/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 12/18/2020 | Price change | $1,660-5.7% |
Source: Owner Report a problem | ||
| 12/11/2020 | Price change | $1,760-0.3% |
Source: Owner Report a problem | ||
| 11/5/2020 | Price change | $1,765+0.3% |
Source: Owner Report a problem | ||
| 10/24/2020 | Price change | $1,760-7.4% |
Source: Owner Report a problem | ||
| 8/15/2020 | Listed for rent | $1,900 |
Source: Owner Report a problem | ||
| 8/27/2014 | Sold | $772,000+1.6%$194/sqft |
Source: NWMLS as distributed by MLS GRID #669178 Report a problem | ||
| 7/26/2014 | Pending sale | $760,000$191/sqft |
Source: John L Scott Real Estate #669178 Report a problem | ||
| 7/18/2014 | Listed for sale | $760,000+57%$191/sqft |
Source: John L Scott Real Estate #669178 Report a problem | ||
| 4/24/2000 | Sold | $484,000$122/sqft |
Source: NWMLS as distributed by MLS GRID #20016158 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $21,287 +23% | $2,532,000 +15% |
| 2024 | $17,299 -2.1% | $2,202,500 +3% |
| 2023 | $17,673 +19.7% | $2,137,700 +6.4% |
| 2022 | $14,759 -1.8% | $2,008,200 +14.8% |
| 2021 | $15,034 +4% | $1,749,200 +12.5% |
| 2020 | $14,462 +21.2% | $1,555,000 +20% |
| 2019 | $11,928 +10.4% | $1,296,000 +6.4% |
| 2018 | $10,808 +4.4% | $1,218,300 +17.5% |
| 2017 | $10,356 +35.3% | $1,037,000 +17.6% |
| 2016 | $7,656 | $881,600 |
| 2015 | $7,656 | $881,600 +15.2% |
| 2014 | $7,656 | $765,000 +15.7% |
| 2013 | $7,656 | $661,400 |
| 2012 | -- | $661,400 -7.3% |
| 2011 | -- | $713,200 -9.8% |
| 2010 | -- | $790,900 |
| 2009 | -- | $790,900 +35.5% |
| 2007 | -- | $583,700 +40.5% |
| 2006 | -- | $415,400 +3.1% |
| 2005 | -- | $403,000 +26.3% |
| 2001 | $3,634 -2% | $319,000 +7.4% |
| 2000 | $3,708 | $297,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Downtown
Nearby schools
Schools provided by the listing agent
- Elementary: Redmond Elem
- Middle: Redmond Middle
- High: Redmond High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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