Investment Overview

The Pacific Northwest Investment Sales Team of IPA has been retained as the Exclusive Listing Brokers for the sale of 95th Court, a 44-unit multifamily community in Redmond, Washington, one of the Eastside’s most affluent and desirable submarkets. Built in 1991 and meticulously maintained, 95th Court is being offered for sale for the first time by its original developer. Reflecting exceptional pride of ownership, the community presents as a true turn-key investment with minimal near-term capital requirements.

95th Court is ideally situated in a quiet residential neighborhood just above downtown Redmond, offering residents a unique balance of peaceful suburban living and immediate access to one of the region’s premier employment centers. Located approximately one mile from the Downtown Redmond Link Light Rail Station and minutes from State Route 520, Interstate 405, and Interstate 90, the property provides exceptional connectivity throughout the Eastside and Seattle. Major employers including Microsoft’s World Headquarters, Amazon, Meta, OpenAI, Salesforce, SpaceX, and the broader Eastside and Bothell technology corridor are all within a short commute, driving sustained demand from high-income professionals. Residents also benefit from the award-winning Lake Washington School District, one of the state’s highest-performing school districts, making the community especially attractive to families seeking premier public education.

Excellent Eastside Location

Perched above downtown Redmond in a quiet neighborhood, 95th Court combines a serene residential setting with convenient access to one of the Eastside’s premier employment and lifestyle hubs. Surrounded by parks and preserved greenbelts and located just one mile from the Downtown Redmond Link Light Rail Station, the community offers residents a peaceful retreat with exceptional regional connectivity.

Well-Maintained, Turn-Key Asset

Offered for sale by the original developer for the first time, 95th Court has been impeccably maintained and reflects exceptional pride of ownership. Presenting as best-in-class for its vintage, the property has minimal near-term capital requirements.

Large Floor Plans

Spacious one- and two-bedroom floor plans average ±1,012 square feet, appealing to families and long-term renters. Homes feature oversized windows, generous storage space with linen closets and kitchen pantries, and private decks or patios with additional exterior storage closets. A majority of top-floor units offer vaulted ceilings.

Light Value-Add Opportunity

An incoming investor has the ability to capitalize on rental upside through light cosmetic upgrades to unit interiors, positioning the community to appeal to high-end renters on the Eastside. Current in-place rents are approximately 20% - 30% below market compared to similar nearby communities.

Affluent Demographics & Premier Schools

Located in an upscale Eastside neighborhood with an average household income of $178,440 within a one-mile radius. Served by the award-winning Lake Washington School District, recognized as one of the top school districts in Washington State.

Strong Rent vs. Own Dynamic

With median home values nearing $1.4 million in Redmond, barriers to homeownership remain exceptionally high. Estimated monthly homeownership costs are more than four times the property’s average in-place rent, making 95th Court a compelling and affordable rental alternative in one of the Eastside’s most desirable submarkets.