8715 175Th Ave Redmond, WA 98052

This exceptional investment opportunity presents a fully leased, eight-unit apartment building in Redmond, Washington. Situated on a 0.66-acre lot at 8715 & 8721 175th Ave NE, this property consists of two, three-story, four-plex buildings totaling 10,166 square feet (8,216 net rentable square feet). Built in 1981, the property boasts a 100% occupancy rate, generating a pro-forma net operating income (NOI) of $151,106 and a pro-forma cap rate of 4.32%. Each unit features in-unit laundry, a ground floor storage room, and a covered parking stall, with additional on-site parking available. The average unit size is approximately 1,027 square feet. Zoned R-12 (City of Redmond), this central location offers easy access to SR-520, major employers, and numerous retail amenities. The asking price is $3,500,000 ($437,500 per unit), with the option to purchase each building individually for $1,750,000. The property's APN numbers are 7200002097 and 7200002098. This is a rare opportunity to acquire a high-performing multifamily asset in a highly desirable location. The property's strong cash flow and prime location make it an ideal investment for both seasoned and new investors seeking a stable and appreciating asset in the thriving Redmond market.