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1441 Northwest 4th Street

Redmond OR 97756

1
18862 sq. ft.
30056.4 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

1 carspace
1 garage space
18862 sq. ft. floor area
30056.4 sq. ft. lot size
Multi-Family

Happy sellers in Redmond

92%
92% of sellers in Redmond reported that their sale price either exceeded or met their price expectations.

Redmond stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Redmond over the last 12 months.

Local market activity for multi families in Redmond

In the last 12 months, 1 multi family similar to 1441 Northwest 4th Street, have been sold.

This represents a 67% increase in multi families sales when compared to the previous 12 months.

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