Rare investment opportunity in a prime Redmond location near Kirkland and Bellevue! Silverstone Adult Family Home offers approximately 7,980 SF across three expansive stories on a 13,220 SF lot, combining quality, functionality and investment potential. This substantial property features 14 bedrooms, 3 kitchens, multiple living areas, 3 laundry facilities, and abundant storage. The main level is leased to an established Adult Family Home operator, while the spacious upper level provides additional residential rental income. The finished daylight lower level offers three bedrooms, a full kitchen, living area and separate entrance, with a City-identified pathway to pursue permitting for a second dwelling unit and address. Recent improvements include exterior stucco repairs, fresh exterior paint, concrete tile roof repairs + cleaning, updated main-level heating and A/C, and an expansive main floor Trex deck. A three-car garage, whole-house generator, additional parking, private street and beautifully maintained landscaped grounds complete this exceptional property. Near major Eastside employers, healthcare and amenities. A distinctive opportunity to acquire an established income-producing property with scale, versatility and meaningful future upside. Real estate only; AFH operating business not included. Second dwelling unit subject to permits and approvals.
Listing Broker: Windermere Real Estate/East; Julie Scozzafave; 425-417-3566; [email protected] Listings with the three tree icon are courtesy of NWMLS.
Rare investment opportunity in a prime Redmond location near Kirkland and Bellevue! Silverstone Adult Family Home offers approximately 7,980 SF across three expansive stories on a 13,220 SF lot, combining quality, functionality and investment potential. This substantial property features 14 bedrooms, 3 kitchens, multiple living areas, 3 laundry facilities, and abundant storage. The main level is leased to an established Adult Family Home operator, while the spacious upper level provides additional residential rental income. The finished daylight lower level offers three bedrooms, a full kitchen, living area and separate entrance, with a City-identified pathway to pursue permitting for a second dwelling unit and address. Recent improvements include exterior stucco repairs, fresh exterior paint, concrete tile roof repairs + cleaning, updated main-level heating and A/C, and an expansive main floor Trex deck. A three-car garage, whole-house generator, additional parking, private street and beautifully maintained landscaped grounds complete this exceptional property. Near major Eastside employers, healthcare and amenities. A distinctive opportunity to acquire an established income-producing property with scale, versatility and meaningful future upside. Real estate only; AFH operating business not included. Second dwelling unit subject to permits and approvals.
Property Details
Location Information+
County
King
Community
Rose Hill
MLS Area
Redmond/Carnation
Latitude
47.684284
Longitude
-122.161902
Directions
*GPS FRIENDLY* - Take Exit 18 (NE 85th Street to Kirkland) from I-405. Turn L on 132nd Avenue NE. Turn R in 0.3 miles down the Alley right across from City Church Parking lot (Alley is easy to miss).
Interior Features+
Interior
Second Kitchen, Bath Off Primary, Dbl Pane/Storm Window, Dining Room, Fireplace, French Doors, Pantry, Security System, Sprinkler System, Vaulted Ceiling(s), Walk-In Closet(s), Wired for Generator
Dishwasher, Disposal, Dryer, Microwave, Refrigerator, See Remarks, Stove(s)/Range(s), Washer
Basement Description
Finished
Exterior Features+
Style
3 Story
Is New Construction
No
Exterior
Stucco
Architecture
Contemporary
Foundation
Poured Concrete
Roof
Tile
Water Source
Public
Septic or Sewer
Sewer Connected
Covered Spaces
3
Water
City of Redmond
Electric
Puget Sound Energy
Security Features
Security System
Parking Description
Driveway, Attached Garage, Off Street
Has Garage
Yes
Parking Spaces
3
Vegetation
Fruit Trees
Site Description
Deck, Gas Available, High Speed Internet, Sprinkler System
Lot Description
Alley, Curbs, Dead End Street, Paved
Topography
Level
Elevation
Feet
Lot Size in Acres
0.304
Lot Size in Sq. Ft.
13,220
Condition
Very Good
Buildings
Built On Lot
Building Total Area (Sq. Ft.)
7,980
Has View
Yes
View Description
Territorial
Features+
Inclusions
Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), See Remarks, Stove(s)/Range(s), Washer(s)
School+
High School District
Lake Washington
Elementary School
Twain Elem
Jr. High School
Rose Hill Middle
High School
Lake Wash High
Additional Information+
Possession
See Remarks
Property Type
SFR
Property SubType
Single Family Residence
Structure Type
House
Year Built
2002
Status
Active
Tax Year
2026
Tax Amount
$33,053
Inclusions
Dishwasher(s), Dryer(s), Garbage Disposal, Microwave(s), Refrigerator(s), See Remarks, Stove(s)/Range(s), Washer(s)
Not a REO
Yes
Lot Acres Source
Realist
Listing Broker: Windermere Real Estate/East; Julie Scozzafave; 425-417-3566; [email protected] Listings with the three tree icon are courtesy of NWMLS.