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.
Bear Creek, located between Downtown Redmond and the Sammamish River corridor, is a residential and park-rich Redmond neighborhood with wooded greenbelts and trail-linked open space. The neighborhood’s character concentrates around the Bear Creek Trail crossing near Redmond Ridge Drive NE, where cyclists, runners, and dog-walkers stream past wetlands and boardwalk views. Housing reads as a mix of newer townhomes and single-family streets, with pockets that back directly to protected habitat. Marymoor Park sets the outdoor tempo with sports fields, a climbing wall, and concert lawns. Farrel-McWhirter Farm Park adds a working-farm feel with barns, paddocks, and riding arenas. Everyday errands cluster at Redmond Town Center, while the creek and trail system keep the landscape front and center.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
One fireplace in each unit
Bedrooms
3 bedrooms in each unit
Bathrooms
3 bathrooms in each unit
Kitchen
Each unit includes a range/oven, refrigerator, and dishwasher
Laundry & utility
Each unit includes a washer and dryer
Flooring
Stone and vinyl plank flooring
Heating & cooling
Forced-air heating
Exterior features
Brick exterior
Dead-end street
Home design
Duplex
Two stories
Parking
Two-car garage
Four uncovered parking spaces
Construction
Brick construction
Composition roof
Poured concrete foundation
Utilities
Electric power
Public water
Sewer connected
Financial info
Gross scheduled income of $73,200
Net operating income of $58,175
Total expenses of $15,025
Insurance expense of $2,615
Gross rent multiplier of 17.06
Unit 8541 rents for $3,000
Unit 8543 rents for $3,100
Electricity and solar
View estimated energy costs and solar savings for this home
The R-12 Multifamily Urban Residential zone provides for multifamily residential neighborhoods on lands suitable for residential development with an allowed base density of 12 dwellings per gross acre. This designation provides for stable and attractive residential neighborhoods which have an urban character and a full range of public services and facilities. To complement the primarily residential nature of these zones, some nonresidential uses are allowed.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 87° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
7/10 Air Factor
9 unhealthy days expected this year, 11 days in 30 years
Provided by First Street
Historical weather
Redmond, WA • 98052
Average low and high temperatures (°F)
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74
56
61
47
53
43
50
41
Jan
Feb
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Sun exposure
77/ 100
Good sunlight
Sunscore
This home receives average direct sun exposure in Redmond. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.4 hrs
4.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 8543 Avondale Rd NE
$1,248,742
$258 under list price of $1.25M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.4M to $2.3M.