1441 NW 4th Street, Redmond, OR 97756
$5,800,000
Property Type:
Residential Income
Square Footage:
18,862
Lot Size (sq. ft.):
30,056
Status:
Active
Current Price:
$5,800,000
List Date:
1/08/2026
Last Modified:
6/25/2026
Overview
Description
Listing Details MLS# 220213493
General Property Information
- Property Sub Type
- Multi Family
- Building Area Total
- 18862
- Building Area Source
- Assessor
- Building Area Units
- Square Feet
- # of Units Total
- 20
- Year Built
- 2023
- Short Term Rental Permit YN
- No
- New Construction YN
- No
- Builder Name
- Timbergon Inc
- Elementary School
- John Tuck Elem
- Middle Or Junior School
- Elton Gregory Middle
- High School
- Redmond High
- Zoning
- C1
- Tax Annual Amount
- 53547
- Tax Year
- 2025
- Potential Tax Liability YN
- No
- Assessment YN
- No
- CC&R's YN
- No
- Association YN
- No
- Preferred Escrow Company & Officer
- Deschutes County Title - Cassie Ringgenberg
- FIRPTA YN
- No
- Sign On Property YN
- No
Property Features
Appliances:
Dishwasher; Dryer; Microwave; Oven; Range; Refrigerator; Washer; Water Heater
Architectural Style:
Contemporary
Common Walls:
1 Common Wall; 2+ Common Walls
Construction Materials:
Frame
Cooling:
Ductless; Heat Pump
Flooring:
Vinyl
Foundation Details:
Stemwall
Heating:
Ductless; Heat Pump
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
Roof:
Composition
Security Features:
Carbon Monoxide Detector(s); Smoke Detector(s)
Window Features:
Double Pane Windows
Utilities:
Cable Connected; Electricity Connected
Lot Features:
Xeriscape Landscape
Parking Features:
Asphalt; Attached; Garage Door Opener; Parking Lot; Shared Driveway
Power Production:
None
Sewer:
Public Sewer
Water Source:
Public
Documents on File:
APOD; Maintenance Records; Profit and Loss Statement; Rental Agreement; Schedule of Tenants; Seller Disclosure
Listing Terms:
Cash; Conventional
Special Listing Conditions:
Standard
Location Tax and Legal
- Street Number
- 1441
- Street Dir Prefix
- NW
- Street Name
- 4th
- Street Suffix
- Street
- County
- Deschutes
- State
- OR
- Postal Code
- 97756
- Subdivision Name
- N/A
Contract Information
- Original List Price
- 6300000
- List Price per SqFt
- 307.5
- Listing Contract Date
- 2026-01-08
Remarks and Miscellaneous
- Public Remarks
- 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.
Status Change Information
- Status Change Timestamp
- 2026-01-08
More Information
Unit 1
- Unit #
- 1441A
- # of Bedrooms
- 2
- # Full Baths
- 2
- # Half Baths
- Yes
- Monthly Rent
- 2350
Unit 2
- Unit #
- 1441S
- # Full Baths
- Yes
- Monthly Rent
- 1400
Unit 3
- Unit #
- 1443A
- # of Bedrooms
- 2
- # Full Baths
- 2
- # Half Baths
- Yes
- Monthly Rent
- 2500
Unit 4
- Unit #
- 1443S
- # Full Baths
- Yes
- Monthly Rent
- 1525
Unit 5 or More
- Unit List Attached
- Yes
Parking Details
- # of Garages
- 10
- # of Other Parking
- 14
Income and Expenses (Annual Amounts)
- Gross Income
- 450600
- Professional Management Expense $
- 32105
- Number of Units Leased
- 20
- Operating Expense
- 131802
- Net Operating Income
- 318798
- Cap Rate
- 5.5
Documents
Offering ›
Listing Office:
Cascade Hasson SIR
Last Updated: June - 25 - 2026
Information deemed reliable but not guaranteed.