1441 NW 4th, Redmond, OR 97756

Local realty services provided by:Better Homes and Gardens Real Estate Equinox
1441 NW 4th,Redmond, OR 97756
$6,300,000
  • - Beds
  • - Baths
  • 18,862 sq. ft.
  • Multi-family
  • Active
Listed by: johnny taylor champa
Office: cascade hasson sir
MLS#:220213493
Source:OR_SOMLS

Price summary

  • Price:$6,300,000
  • Price per sq. ft.:$334

About this home

Red Cedar Apartments — offered at a 5% cap rate — is a newly built, 20-door multifamily asset in North Redmond designed for low-maintenance, ''set-it-and-forget-it'' ownership. The community features four buildings on four separate tax lots, allowing optional future sale of buildings individually. Two of the buildings each include 2 apartments + 2 studios, and two of the buildings each include 3 apartments + 3 studios, for a total of 20 rentable units. Townhome-style residences are paired with ground-level studios, appealing to multiple renter profiles. Fully leased and professionally managed, the property delivers consistent cash flow with tenants paying all utilities, lowering owner expenses. A modern, clean, new-construction investment offering durable income and flexibility.

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Home facts

  • Year built:2023
  • Listing ID #:220213493
  • Added:1 day(s) ago
  • Updated:January 08, 2026 at 07:57 PM

Rooms and interior

  • Living area:18,862 sq. ft.

Heating and cooling

  • Cooling:Ductless, Heat Pump
  • Heating:Ductless, Heat Pump

Structure and exterior

  • Roof:Composition
  • Year built:2023
  • Building area:18,862 sq. ft.
  • Lot area:0.69 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$6,300,000
  • Price per sq. ft.:$334
  • Tax amount:$53,547 (2025)

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