Multifamily

Redmond, WA Multifamily Properties for Sale

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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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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.
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See what stands out in King County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 2 Active listings in Redmond, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 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.

Dual-Residence Short-Term Rental
Dual-Residence Short-Term Rental

11633 Ne 92nd St, Kirkland, WA 98033

$2,895,000
3,920 sqft

Two residences provide separate living areas, private entrances, patios, and furnished rental accommodations.

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Apartment Building with Renovated Units
Apartment Building with Renovated Units

324 6th Ave S, Kirkland, WA 98033

$2,588,000
3,850 sqft 0.23 AC lot

Five-unit property with updated interiors, private balconies, in-unit laundry, storage lockers, and covered parking.

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Bothell Townhome Development Opportunity
Bothell Townhome Development Opportunity

17533 Brickyard Road, Bothell, WA 98011

$899,000

Permitted four-unit townhome project in Bothell, Northshore School District.

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Downtown Bothell Development Opportunity
Downtown Bothell Development Opportunity

18414 103rd Ave NE, Bothell, WA 98011

$1,750,000

Commercial building on a 7,080 sq ft lot in Bothell.

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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.

8705 166th NE Ave
BOARDING/ROOMING HOUSE

8705 166th NE Ave, Redmond, WA 98052-3749

Estimated value:
$1,305,000
5,916 sqft 1.19 AC lot
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8715 175Th Ave
Multifamily properties

8715 175Th Ave, Redmond, WA 98052

Estimated value:
by Request
10,166 sqft 0.66 AC lot
View details

Redmond, WA Multifamily Properties Market Trends and Statistics

Explore 4 multifamily properties 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 multifamily properties 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Apartment buildings 4

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 $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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