17101 Northeast 80th Street

Redmond, WA 98052

$1,995,000
Price
5
Beds
3
Baths
2,220 Sq. Ft.
$899 / Sq. Ft.
2,220
Sq. Ft.
$899
per Sq. Ft.

Description

Phenomenal Investment Opportunity in Excellent Location! Listed as Vacant Land, Multi-Family & Residential-$200,000 below appraisal! Zoned R30-Build several single family homes/a custom home/a business (buyer to verify feasibility) or continue generating income renting all units . Just blocks from Downtown Redmond & future Light Rail Station (Exp. compl. 2025)! Situated in the highly coveted Eastside with delicious restaurants, schools & shopping nearby. Easy commute to some of the highest paid jobs...Phenomenal Investment Opportunity in Excellent Location! Listed as Vacant Land, Multi-Family & Residential-$200,000 below appraisal! Zoned R30-Build several single family homes/a custom home/a business (buyer to verify feasibility) or continue generating income renting all units . Just blocks from Downtown Redmond & future Light Rail Station (Exp. compl. 2025)! Situated in the highly coveted Eastside with delicious restaurants, schools & shopping nearby. Easy commute to some of the highest paid jobs in the region... Google, Amazon, Facebook, Microsoft, Nintendo, T-Mobile, Costco & Overlake Hospital (Just to name a few). Investors profit from future appreciation of a rapidly growing area!
  1. Listed by Shellie Demoulin • John L. Scott Snohomish

Property Details for 17101 Northeast 80th Street

Community Name
Downtown Redmond
School District
Lake Washington
View
Territorial
Number of Assigned Spaces
8
Total Covered Parking
0
Entry Date
12-07-2023
Energy Source
Electric,Oil
Sewer
Available, Sewer Connected

Location

Listing Courtesy of John L. Scott Snohomish
Add your commute
LISTING UPDATED: 04/26/2024 06:47 AM

Property Details for 17101 Northeast 80th Street

StatusActive
MLS #2184423
Days on Market147
Cumulative Days on Market147
Taxes$5,963 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.26 AC / 11,400 SF
CountyKing County

Location

Listing Courtesy of John L. Scott Snohomish
Add your commute

Building Information for 17101 Northeast 80th Street

Stories2Residences3Year Built1959Building Size-Lot Size0.26 AC / 11,400 SF

Payment Calculator

$11,384 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,888

Property Taxes

$497

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 17101 Northeast 80th Street

Summary
Location and General Information
  • Style: 53 - Tri-plex
  • Site Features: Cable TV, Fenced-Partially, High Speed Internet, Outbuildings
  • Area: 550 - Redmond/Carnation
  • Elementary School: Redmond Elem
  • Middle Or Junior School: Redmond Middle
  • High School: Redmond High
  • Directions: From 405 Southbound, take Exit 18 and head East on NE 85th ST/Redmond Way, Turn Left (North onto 164th Ave NE), Turn Right (East onto NE 80th ST.) Home is approx. 1/2 mile on Right (South Side.)
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 2.0
  • Carport: No
  • Open Parking Spaces: 6.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Floor Covering: Laminate, Vinyl, Vinyl Plank, Carpet
  • Features: Laminate Tile, Wall to Wall Carpet
  • Amenities: Storage,Thermal Windows
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard, Forced Air
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
  • Security Features: FullyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 4265
  • Power Company: PSE
  • Sewer Company: City of Redmond
  • Water Company: City of Redmond
  • Power Production Type: Electric, Oil
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family,Residential,See Remarks
  • First Right Of Refusal: false
  • Possible Use: Multi-Family, Residential, See Remarks
  • Letter On File: Duplicate Prop Type
  • MLS Square Footage Source: Tax Records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 39
Lot Information
  • Lot Details: Dead End Street, Paved, Sidewalk, Value In Land
  • Lot Size Source: Tax Records
  • Parcel Number Free Text: 1225059171
  • Building Condition: Good
  • Calculated Square Footage: 2220
  • Structure Type: Triplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2220.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows
Multi Family
Building Details
  • Number of Uncovered Spaces: 6
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 3
  • Units Below Grade: true
  • Units In Building Total: 3
Financing / Income and Expenses
  • Electric Expense: $1,290
  • Total Expenses: 18737
  • Gross Adjusted Income: 92546
  • Gross Rent Multiplier: 23.77
  • Gross Scheduled Income: $92,546
  • Insurance Expense: $2,819
  • Net Operating Income: $73,809
  • Other Expenses: $1,600
  • Total Monthly Income: 7712
  • Fuel Expense: $2,800
Unit 1
  • Name Unit 1: A
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 1120
  • Rent Unit 1: $3,080.00
  • Bedrooms Unit 1: 3
  • Fireplaces Unit 1: 1
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: B
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 600
  • Rent Unit 2: $1,595.00
  • Bedrooms Unit 2: 1
  • Fireplaces Unit 2: 1
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: C
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 500
  • Rent Unit 3: $1,495.00
  • Bedrooms Unit 3: 1
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2220.0
  • Leasable Area Units: Square Feet

Property History for 17101 Northeast 80th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 17101 Northeast 80th Street

Taxable ValueLand$513,000Additions$296,800Total$809,800
Tax Record2022$5,963 ($497 / month)
Home Facts
Total Finished SqFt2,220 SqFtAbove Ground SqFt2,220 SqFtStories1Lot Size11,400 SqFtStyleMulti-Family Dwelling (2-4)Year Built1959ZoningR30CountyKINGAPN122505-9171Fireplace TypeHas Fireplace

Schools near 17101 Northeast 80th Street

This home is within Lake Washington School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 12
Rating
School
Distance
Redmond Elementary School
PublicK to 5

Redmond Middle School
Public6 to 8

Redmond High School
Public9 to 12

Contractual Schools
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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17101 Northeast 80th Street is a multi-family home for sale in Redmond, WA 98052. This property was listed for sale on December 7, 2023 by John L. Scott Snohomish, it's currently listed at $1,995,000. It has been on the market for a total of 147 days and was last sold on December 5, 2002. This listing's school district is Lake Washington School District. Nearby schools include Redmond Elementary School, Redmond Middle School and Redmond High School. 17101 Northeast 80th Street is a 5-bed, 3-bath, 2,220 sqft multi-family home built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of John L. Scott Snohomish

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.