Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
4 Beds
8 Baths
18,862 sqft

$5,800,000

1441 NW 4th Street, Redmond OR, 97756

Price per sqft$307.50
Built in2023
Property size18,862 sqft
Property typeMulti-family
Courtesy of Cascade Hasson SIR, Johnny Taylor Champa

Overview

Active

Listed Jan 8, 2026

Updated Jun 26

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.

$38,588/mo

Est. mortgage payment based on a $5,800,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
220213493

Interior Features

Bedrooms
4
Bathrooms
8
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.69 Acres

Other Property Details

Taxes
$53,547
Tax Frequency
Annually
Garage
Yes

Courtesy of Cascade Hasson SIR, Johnny Taylor Champa

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Oregon Datashare.

Real estate listings held by IDX Brokerage firms other than Julie Reber are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed.

Data last updated 5:52 AM UTC, 6/26/2026

Powered by Luxury Presence