8543 Avondale Road NE, Redmond, WA 98052
- $1,249,000
- 3,300
- SqFt
Listing Broker: John L. Scott, Inc.; Xia Zhao; 425-883-6464; xiazhao@johnlscott.com
- List Price
- $1,249,000
- Status
- ACTIVE
- MLS#
- 2592062
- Days on Market
- 0
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 3,300
- Area Total SqFt
- 3300
- Annual Tax Ammount
- 12410
- Lot Size (sq ft)
- 7,561
- Sewer
- Sewer Connected
Property Description
Beautifully updated duplex in a convenient Redmond location! Each spacious residence offers approximately 1,650 sq ft with 3 bedrooms, 2.5 baths and an attached garage. Both units feature new flooring, fresh interior paint, new appliances and renovated bathrooms, while 8543 boasts a completely upgraded kitchen. Roof replaced in 2018. Live in one unit and rent the other, or lease both. Enjoy nearby downtown Redmond and Redmond Town Center shopping, dining and everyday conveniences, with easy access to SR 520, Microsoft and Downtown Redmond light rail. Nearby Marymoor Park and the Bear Creek Trail offer abundant recreation options. Updated interiors, flexible ownership and a desirable Eastside location make this a compelling opportunity! The Cap Rate shared in the listing was calculated based on the previous rent which hasn't been adjusted for years for the previous long term tenants. Even at the previous rents, this duplex offers an attractive cap rate. Now both units are vacant, ready for you to start new leases at the market rents. Zillow rent estimated 10+%. Zillow’s higher rent estimates suggest potential for additional rental income. Seller has pre-inspected the property with repairs done. Home is vacant and virtually staged. Buyers please verify everything to your own satisfaction.
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Additional Information
- List Date
- 2026-10-09 19:13:12
- Community
- Avondale
- Net Operating Income
- $58,175
- Gross Adjusted Income
- $73,200
- Gross Scheduled Income
- $73,200
- Total Monthly Income
- $73,200
- Insurance Expenses
- $2,615
- Gross Rent Multiplier
- 17.06
- Total Expenses
- $15,025
- Cap Rate
- 4.7
- Total Number of Units
- 2
- Unit Name
- 8543
- Potential Terms
- Cash, Conventional, FHA
- Year Built
- 1980
- View
- Territorial
- Roof
- Composition
- Energy Source
- Electric
- School District
- Lake Washington
- Elementary School
- Einstein Elem
- Middle School
- Evergreen Middle
- High School
- Redmond High
- Total Monthly Income
- $73,200
- Gross Scheduled Income
- $73,200
- Gross Adjusted Income
- $73,200
- Tax Year
- 2026
- Insurance Expense
- $2,615
- Total Expenses
- $15,025
- Net Operating Income
- $58,175
- Gross Rent Multiplier
- 17.06
- Cap Rate
- 4.7
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.