Buying In Redmond, WA
Sell Your Commercial Property In Redmond, WA
Own a commercial apartment building of five or more units in Redmond? We purchase multifamily properties around Downtown Redmond, Overlake, and the rest of King County, and we review every deal against a clear buy box.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Redmond Submarkets: Downtown Redmond · Overlake · Education Hill · Redmond Ridge — King County, WA
Market Snapshot
Renter Demand In Redmond
Redmond, a King County city of 77,353 residents in the Census Bureau's ACS 2020-2024 estimates, anchors Microsoft's headquarters campus and Nintendo of America's Overlake offices with a renter-heavy housing market. Renters hold 56.8% of Redmond's occupied homes, and median gross rent is $2,409 a month, $140 below HUD's FY2027 two-bedroom fair market rent. Owners who sell commercial property in Redmond, WA bring a comparatively young building stock to market: only 25.9% of Redmond's 35,104 housing units predate 1980, and 46.6% sit in buildings of five or more units, near Sound Transit's new Redmond Technology light rail station.
Microsoft and Nintendo campuses
Microsoft's headquarters campus and Nintendo of America's offices sit in Overlake, within a 98,670-job citywide base, per Redmond's 2025-2026 budget.Redmond Technology light rail
Sound Transit's 2 Line began service to Redmond Technology station on April 27, 2024, with 35,000 first-day riders.Young apartment stock
Only 25.9% of Redmond's housing predates 1980, and 46.6% sits in 5+ unit buildings, per ACS 2020-2024 data.Our Buy Box
What We Buy In Redmond
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Redmond Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Redmond
Renters hold 56.8% of Redmond's occupied homes, or 18,798 of 33,100 units, per ACS 2020-2024 tenure data. Redmond's stock is young: 46.6% of its 35,104 housing units sit in buildings of five or more units, per ACS units-in-structure data, and only 25.9% predate 1980, per ACS year-built data.
Rents and affordability in Redmond
Redmond's median gross rent is $2,409 a month, per ACS 2020-2024 rent data, $140 below HUD's FY2027 two-bedroom fair market rent for Seattle-Bellevue. Among renters, 34.7% spend 30% or more of income on rent, and 16.1% spend 50% or more, per ACS table B25070.
| Unit size | HUD FY2027 FMR, Seattle-Bellevue, WA HUD Metro FMR Area |
|---|---|
| Efficiency | $2,091 |
| One-bedroom | $2,180 |
| Two-bedroom | $2,549 |
| Three-bedroom | $3,324 |
| Four-bedroom | $3,954 |
Source: HUD fair market rent documentation.
Property taxes in King County
To sell commercial property in Redmond, WA, sellers weigh King County's tax code area 2021, carrying a 2026 levy rate of $8.23996 per $1,000 assessed value, per the King County Assessor's 2026 ratebook; a $2,000,000 building owes $16,479.92 a year.
Sellers also owe Washington's real estate excise tax, usually paid by the seller, per the Department of Revenue. On a $2,000,000 sale beginning January 1, 2027, the state graduated portion is $31,208.50, and Redmond's 0.50% local rate adds $10,000, for $41,208.50, per the DOR local rate table.
Landlord rules in Redmond
Washington requires a written agreement and move-in checklist before a deposit, per RCW 59.18.260, and landlords return deposits or itemize deductions within 30 days under RCW 59.18.280. Landlords give 90 days' notice before a rent increase under RCW 59.18.140; the 2026 maximum increase is 9.683%, per the Attorney General.
RCW 35.21.830 preempts rent control by Washington cities and towns, with public and low-income exceptions. Owners who sell commercial real estate in Redmond, WA should confirm these notice periods before closing.
What it means for an owner in Redmond
Microsoft's main campus and Nintendo of America's headquarters sit in Redmond's Overlake neighborhood, within a citywide employment base of 98,670 jobs, per the City of Redmond's 2025-2026 adopted budget. Sound Transit's 2 Line began service to Redmond Technology station on April 27, 2024, drawing 35,000 first-day riders, linking Redmond to Bellevue and Seattle.
To sell commercial property in Redmond, WA, lead with the $140 gap to HUD's two-bedroom benchmark and the 46.6% share of 5+ unit buildings. Test pricing with our cap rate calculator. Skyline Capital Investments buys buildings of five or more units; owners selling commercial property in Redmond and ready to sell your apartment building in Redmond can start with our sell my apartment building page.
Before You Sell
Redmond Seller Checklist
More about selling in Washington →Investing in Redmond? See apartment syndications in Redmond →
- Redmond's tax code area 2021 carries an $8.23996 per $1,000 levy rate on commercial buildings.
- Redmond's median rent of $2,409 sits $140 below HUD's FY2027 two-bedroom fair market rent.
- Owners who sell commercial real estate in Redmond, WA face $41,208.50 in excise tax on a sale.
Seller Guides
Selling In Redmond? Common Situations We Handle
Learn More
Taxes & Rules For Redmond Property
The Washington rules that shape any deal in Redmond: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Redmond Seller FAQ
What should I know before I sell commercial property in Redmond, WA?
Renters hold 56.8% of Redmond homes in ACS 2020-2024, and median gross rent is $2,409 a month. Redmond's tax code area 2021 carries an $8.23996 per $1,000 levy rate, or $16,479.92 a year on a $2,000,000 building, per the King County Assessor.
What taxes come due when I sell commercial real estate in Redmond, WA?
The seller usually pays Washington's real estate excise tax, per the Department of Revenue. On a $2,000,000 sale beginning January 1, 2027, the state graduated portion is $31,208.50 and Redmond's 0.50% local rate adds $10,000, for $41,208.50 total.
Can Redmond pass its own rent control?
No. RCW 35.21.830 preempts rent control by Washington cities and towns, with exceptions for public and low-income properties. Statewide, the 2026 maximum increase is 9.683%, and RCW 59.18.140 requires 90 days' written notice before an increase.
How do Redmond rents compare with HUD's benchmark?
Redmond's median gross rent is $2,409 in ACS 2020-2024, $140 below HUD's FY2027 two-bedroom fair market rent of $2,549 for the Seattle-Bellevue area. Owners who sell multifamily property in Redmond can show buyers that gap when modeling rents.
What drives demand for rental housing in Redmond?
Demand centers on Microsoft's headquarters campus and Nintendo of America's offices in Overlake, within a citywide employment base of 98,670 jobs, plus Sound Transit's Redmond Technology light rail station, which opened April 27, 2024 with 35,000 first-day riders.
Will you buy a Redmond property that needs work or has high vacancy?
Yes. We regularly evaluate value-add, mismanaged, and distressed multifamily properties and underwrite them as they are today — no repairs or lease-up required before selling.
Can I sell my Redmond apartment building off-market?
Yes. We work directly with owners and through listing agents. Off-market conversations are confidential, and we coordinate tours so tenants and staff are not disrupted.
Can I sell rental property in Redmond with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
Do I need a broker to sell my apartment building in Redmond?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
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Get An Offer Review In Redmond
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