1441 NW 4th Street, Redmond, OR 97756

Redmond
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
1441 NW 4th Street,Redmond, OR 97756
$5,800,000
  • - 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:$5,800,000
  • Price per sq. ft.:$307.5

About this home

Red Cedar Apartments -- offered at a 5.5% cap rate -- is a newly built, FULLY LEASED, 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
  • Subdivision & Development:N/A
  • Listing ID #:220213493
  • Added:261 day(s) ago
  • Updated:September 27, 2026 at 02:37 PM

Rooms and interior

  • Flooring:Vinyl
  • Bathrooms Description:Fiberglass Stall Shower, Shower/Tub Combo
  • Kitchen Description:Dishwasher, Microwave, Oven, Range, Refrigerator
  • 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
  • Lot Features:Xeriscape Landscape
  • Architectural Style:Contemporary
  • Construction Materials:Frame
  • Foundation Description:Stemwall
  • Levels:3+ Story, Multi/Split

Schools

  • High school:Redmond High
  • Middle school:Elton Gregory Middle
  • Elementary school:John Tuck Elem

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$5,800,000
  • Price per sq. ft.:$307.5
  • Tax amount:$53,547 (2025)

Features and amenities

  • Appliances:Dishwasher, Microwave, Oven, Range, Refrigerator, Washer, Water Heater

Parking

  • Parking description:Asphalt, Attached, Garage Door Opener, Parking Lot, Shared Driveway

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