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    Redmond Development Site For Sale
    Updated: Feb 3, 2025
    Redmond Development Site For Sale

    8520 164th Ave NE, Redmond, WA 98052

    $6,000,000
    18,000 sqft
    Prime 18,000 SF corner development site in the heart of Redmond.
    Zoning allows for a roughly 130‑unit multifamily project.
    Centrally located, flat site in Downtown Redmond.
    Exceptional connectivity to the Redmond Transit Center (0.2 miles).
    Proximity to the Sound Transit East Link Light Rail station.
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    This listing looks promising.

    Here's a quick look at some key insights for

    8520 164th Ave NE, Redmond, WA 98052

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    • Est. Cap Rate

      4.7%
      NOI ÷ price

    • Est. NOI

      $280K
      Annual

    • Price @ 7% Cap

      $4M
      Suggested

    • Property Type

      Single Family Residence
      Built 1949
    View Property Analytics
    Redmond Condo with Balcony
    Updated: Jul 18, 2025
    Redmond Condo with Balcony

    10500 NE 221st Lane #202, Redmond, WA 98053

    $637,000
    Seller offering up to 3% credit toward interest rate buy‑down.
    Prime location in the heart of Redmond, minutes from Microsoft, golf, parks, trails, dining, shopping, and commuter routes.
    No rental cap, making it suitable for both homeowners and investors.
    Includes a 1‑car garage with extra storage plus a 2nd open parking spot.
    Features a master suite with en‑suite bath and walk‑in closet.
    View details
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Redmond, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    New Construction Multifamily Apartment Building
    New Construction Multifamily Apartment Building

    6318 41ST, Unit A-F, Seattle, WA 98136

    $4,500,000
    8,664 sqft

    New construction multifamily building with a rooftop deck and off-street parking with EV chargers.

    View details
    Kirkland Multifamily Property For Sale
    Kirkland Multifamily Property For Sale

    12607 119th St, Kirkland, WA 98034

    $1,800,000
    4,344 sqft

    Multifamily property in Kirkland's Totem Lake neighborhood.

    View details
    Upscale Townhome Portfolio Near Hospital
    Upscale Townhome Portfolio Near Hospital

    4270 50th St, Seattle, WA 98105

    $4,495,000
    10,100 sqft

    Five townhomes in prime location near Seattle Children’s Hospital.

    View details
    Kirkland Multifamily Property Near Marsh Park
    Kirkland Multifamily Property Near Marsh Park

    10150 64th St, Kirkland, WA 10150

    $4,250,000

    Six-unit property near downtown Kirkland with lake and mountain views.

    View details

    Off-Market Properties in Redmond, WA

    Consider similar Off-Market properties in Redmond, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    8715 175Th Ave
    Multifamily properties

    8715 175Th Ave, Redmond, WA 98052

    Value Estimation by Request
    10,166 sqft 0.66 AC lot
    View details

    Redmond, WA Apartment Buildings Market Trends and Statistics

    Explore 3 apartment buildings for sale in Redmond, WA on our real estate platform. These investment opportunities span a total of 18,000 square feet of properties for sale, with an estimated market value of $6,637,000.

    Sale prices for two-family homes in Redmond, WA start at $637,000, averaging $3,318,500, and reaching up to $6,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 173K
    Population Growth (5Y) +8.1%
    Median Household Income $181,282
    College Educated 87.9%

    High-Yield Neighborhoods for Investment

    Identify Redmond submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    98053 $637K
    98052 $2.6M

    Taxes & Financing

    Tax Rate (average for all types) 0.74%
    Property Tax per SF $8.12 per SF
    Tax Rate vs County Average 0.04 pp below county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Redmond fall within the 100,000+ square foot range.

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