2531 NW Cedar Ave, Redmond, OR 97756
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
Listed by: tami liesy
Office: keller williams pdx central503-548-4848
MLS#:286696634
Source:PORTLAND
Price summary
- Price:$1,149,000
- Price per sq. ft.:$237
About this home
Are you looking to add to your property portfolio, this is it! A truly fabulous fourplex that has been well maintained throughout. It’s located in a quiet neighborhood surrounded by sidewalks and well cared for homes. This property sits on an ideal corner lot. All units are townhome style with an open concept floorplan. They come with full kitchen appliances, washers and dryers. Many updates have already been made throughout and vary per unit. Some highlights include newer appliances, luxury vinyl plank flooring, carpet, interior paint, blinds, baseboards, hardware and plumbing fixtures. Units 1 & 4 are comfortable at approximately 1,100sf with 2 bedrooms and 2.5 baths, while units 2 & 3 are a little more spacious at approximately 1,200sf with 3 bedrooms and 2.5 baths. Location is superb, close to schools, parks and trails. Shopping and dining are less than 1.5 miles away, making it convenient while keeping home life peaceful for tenants. The numbers don’t lie. With a healthy and balanced projected cap rate of 6.18% this property would be a welcomed addition to any portfolio. The HOA has continued to be well managed by the same management company for the past 15 years. What this means for you is consistency and less worry. Units 1-3 are currently leased. Please do not disturb the tenants. Unit 4 can be shown by appointment only. Photos of units 1-3 were taken prior to tenant move in....
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Home facts
- Year built:2002
- Listing ID #:286696634
- Added:92 day(s) ago
- Updated:July 09, 2026 at 11:23 AM
Rooms and interior
- Basement Description:Crawl Space
- Living area:4,848 sq. ft.
Structure and exterior
- Roof:Composition
- Year built:2002
- Building area:4,848 sq. ft.
- Lot area:0.18 Acres
- Lot Features:Corner Lot, Level
- Foundation Description:Concrete Perimeter
- Levels:2 Stories
Schools
- High school:Redmond
- Middle school:Elton Gregory
- Elementary school:Hugh Hartman
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,149,000
- Price per sq. ft.:$237
- Tax amount:$9,144 (2025)
Parking
- Total parking spaces:4
- Parking description:Driveway, Garage
- Garage spaces:4
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