1441 NW 4th Street, Redmond, OR 97756
N/A · Deschutes County
Key Facts
Description
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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
Contemporary
Year Built
2023
Living Area
18,862 sq ft
Lot Size
0.69 acres
Days on Market
168
MLS® Listing#
220213493
Property Features
Interior
Appliances
Cooling
Heating
Flooring
Parking
Construction
Roof
Windows
Security
Sewer
Water Source
Schools
- Elementary:
- John Tuck Elem
- Middle:
- Elton Gregory Middle
- High:
- Redmond High
Financial Details
HOA
None
Annual Taxes
$53,547
Tax year 2025
Parcel Number
122333
Affordability Calculator
$1,160,000
Estimated monthly payment
$30,870/mo
Principal $4,640,000 · Est. interest $6,473,213 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Redmond, OR
- $548,889
- Median Listing Price
- 79
- Median Days on Market
- 1,715
- Median Sq Ft
- $331
- Median Price / Sq Ft
- 392
- Active Listings
- This home’s price is 957% above the area median.
- Its price per sq ft is 7% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Redmond, OR.
Location
Points of Interest in Redmond, OR
Showing the Redmond area map.
Nearby Schools
Sonshine Christian School
Elementary · 0.8 mi away
Champions at John Tuck Elementary
Elementary · 0.9 mi away
John Tuck Elementary School
Elementary · 0.9 mi away
Edwin Brown High School
Secondary · 0.9 mi away
Champions at Tom McCall Elementary
Elementary · 1.1 mi away
Tom McCall Elementary School
Elementary · 1.1 mi away
Elton Gregory Middle School
Secondary · 1.1 mi away
High Desert Montessori
Elementary · 1.3 mi away
Hugh Hartman Elementary School
Elementary · 1.3 mi away
Redmond School District
School · 1.3 mi away
Redmond High School
Secondary · 1.6 mi away
Ma Lynch Elementary School
Elementary · 1.7 mi away
Obsidian Middle School
Secondary · 1.9 mi away
Vern Patrick Elementary School
Elementary · 2.4 mi away
Head Start
School · 2.4 mi away
Redmond School District
School · 2.4 mi away
Central Christian School
Secondary · 2.7 mi away
Champions at Sage Elementary
Elementary · 3.3 mi away
Sage Elementary School
Elementary · 3.3 mi away
Champions at Terrebonne Elementary
Elementary · 4.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2598 NW Spruce Cone, Redmond, OR | $6,240,000 | — | — | 23,178 |
Moving Cost Estimate
EXIT Agents in Redmond
Listing Courtesy: Cascade Hasson SIR - 5413837600
Last Updated: 2026-01-08