Listing provided courtesy of Cascade Hasson SIR- MLS# 220213493
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Request Info- Red Cedar 20 unit
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1441 NW 4th StreetRedmond, OR 97756
Multi-Family · 18,862 Sq. ft. | 0.69 Acres$5,800,000
Active
1441 NW 4th Street Overview
- Time on Site:
- 173 days
- Visits:
- 38
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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1441 NW 4th Street Facts & Features
- Type Multi-Family
- Sq. ft. 18,862
- Price/Sq.ft. $307
- Lot 0.69 Acres
Details
General
Association/HOA
- Association: false
School Information
- Elementary School: John Tuck Elem
- Middle Or Junior School: Elton Gregory Middle
- High School: Redmond High
Income/Expenses
- Gross Income: 450600.0
- Net Operating Income: 318798.0
- Operating Expense: 131802.0
Building Information
- Builder Name: Timbergon Inc
- New Construction: false
- Year Built: 2023
Location/Region
- County Or Parish: Deschutes
- Subdivision Name: N/A
Tax Information
- Tax Annual Amount: 53547.0
- Tax Year: 2025
General Information
- Listing Terms: Cash,Conventional
- Parcel Number: 122333
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Special Listing Conditions: Standard
Interior
Beds/Baths
- Bathrooms Total: 0
Building Interior
- Building Area Source: Assessor
- Building Area Total: 18862.0
General Information
- Appliances: Dishwasher,Dryer,Microwave,Oven,Range,Refrigerator,Washer,Water Heater
- Common Walls: 1 Common Wall,2+ Common Walls
- Flooring: Vinyl
- Foundation Details: Stemwall
- Interior Features: Ceiling Fan(s),Fiberglass Stall Shower,Kitchen Island,Open Floorplan,Shower/Tub Combo,Solid Surface Counters,Vaulted Ceiling(s)
- Levels: Three Or More,Multi/Split
- Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)
- Window Features: Double Pane Windows
Exterior
Parking Information
- Parking Features: Asphalt,Attached,Garage Door Opener,Shared Driveway,Parking Lot
Lot Information
- Additional Parcels Description: 122318, 285978, 285979
- Additional Parcels: true
- Lot Features: Xeriscape Landscape
- Lot Size Acres: 0.69
- Lot Size Area: 0.69
- Lot Size Square Feet: 30056.4
- Lot Size Units: Acres
- Water Source: Public
Building Exterior/Construction
- Architectural Style: Contemporary
- Attached Garage: true
- Construction Materials: Frame
- Roof: Composition
General Information
- Number Of Units Total: 20
- Sewer: Public Sewer
1441 NW 4th Street Neighborhood
Community
97756 (Redmond) Demographics
39
Median Age
348
Population Density (per sq. mile)
35%
College Educated
$66,120
Estimated Median Income
10,234
Estimated Total Home Owners
5,018
Estimated Total Renters
67% / 33%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1441 NW 4th Street Monthly Cost
1441 NW 4th Street Market Data
Based on the last 30 days in this zip code
$685,981
Average List Price
$361
Average Price per Square Foot
98
Properties Sold
104
Average Days on Market
507
Properties for Sale
1441 NW 4th Street History
| Date | Value | Agent |
|---|---|---|
| 6/25/2026Source: Oregon Datashare | $5,800,000 -4.1% |
|
| 2/4/2026Source: Oregon Datashare | $6,050,000 -4.0% |
|
| 1/8/2026Source: Oregon Datashare | January 08, 2026 |