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.
Active
$5,800,000
1441 NW 4th St, Redmond, OR 97756
4beds
18,862sqft
Multi Family
Built in 2023
-- sqft lot
$-- Zestimate®
$307/sqft
$-- HOA
What's special
Modern clean new-constructionGround-level studiosTownhome-style residences
- 273 days
- 109
- 9
Zillow last checked:
Listing updated:
Listed by:
Cascade Hasson SIR 541-383-7600
Source: Oregon Datashare,MLS#: 220213493
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 8
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Ductless, Heat Pump
Cooling
- Ductless, Heat Pump
Appliances
- Included: Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer, Water Heater
Features
- Ceiling Fan(s), Fiberglass Stall Shower, Kitchen Island, Open Floorplan, Shower/Tub Combo, Solid Surface Counters, Vaulted Ceiling(s)
- Flooring: Vinyl
- Windows: Double Pane Windows
- Has fireplace: No
- Common walls with other units/homes: 1 Common Wall,2+ Common Walls
Interior area
- Total structure area: 18,862
- Total interior livable area: 18,862 sqft
Property
Parking
- Parking features: Asphalt, Attached, Garage Door Opener, Shared Driveway, Parking Lot
- Has attached garage: Yes
- Has uncovered spaces: Yes
Features
- Levels: Three Or More,Multi/Split
- Stories: 3
Lot
- Size: 0.69 Acres
Details
- Additional parcels included: 122318, 285978, 285979
- Parcel number: 122333
- Zoning description: C1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Stemwall
- Roof: Composition
Condition
- New construction: No
- Year built: 2023
Details
- Builder name: Timbergon Inc
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Water conservation: Water-Smart Landscaping
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
HOA
- Has HOA: No
Location
- Region: Redmond
Financial & listing details
- Price per square foot: $307/sqft
- Tax assessed value: $1,857,920
- Annual tax amount: $53,547
- Date on market: 1/8/2026
- Cumulative days on market: 273 days
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
$3,141/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Price change | $5,800,000-4.1%$307/sqft |
Source:  Oregon Datashare #220213493 Report a problem | ||
| 2/4/2026 | Price change | $6,050,000-4%$321/sqft |
Source: Oregon Datashare #220213493 Report a problem | ||
| 1/8/2026 | Listed for sale | $6,300,000+194.4%$334/sqft |
Source: Oregon Datashare #220213493 Report a problem | ||
| 11/4/2025 | Listing removed | $2,140,000$113/sqft |
Source: Oregon Datashare #220191560 Report a problem | ||
| 10/17/2024 | Listed for sale | $2,140,000+0%$113/sqft |
Source: Oregon Datashare #220191560 Report a problem | ||
| 8/30/2023 | Listing removed | $2,139,000$113/sqft |
Source: Oregon Datashare #220160995 Report a problem | ||
| 3/22/2023 | Listed for sale | $2,139,000+894.9%$113/sqft |
Source: Oregon Datashare #220160995 Report a problem | ||
| 3/17/2020 | Sold | $215,000-4.4%$11/sqft |
Source: Oregon Datashare #202000688 Report a problem | ||
| 2/6/2020 | Pending sale | $225,000$12/sqft |
Source: Assist2Sell Buyers and Sellers Realty Services #202000688 Report a problem | ||
| 2/3/2020 | Listed for sale | $225,000+4.7%$12/sqft |
Source: Assist 2 Sell Buyers & Seller #202000688 Report a problem | ||
| 7/26/2019 | Sold | $215,000-4.4%$11/sqft |
Source: Oregon Datashare #201903614 Report a problem | ||
| 6/10/2019 | Pending sale | $225,000$12/sqft |
Source: CENTURY 21 Gold Country #201903614 Report a problem | ||
| 5/3/2019 | Listed for sale | $225,000-6.3%$12/sqft |
Source: Century 21 Gold Country Realty #201903614 Report a problem | ||
| 1/1/2019 | Listing removed | $240,000$13/sqft |
Source: CENTURY 21 Gold Country #201802873 Report a problem | ||
| 3/31/2018 | Listed for sale | $240,000$13/sqft |
Source: Century 21 Gold Country Realty #201802873 Report a problem | ||
| 12/2/2005 | Sold | $240,000$13/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $16,615 +4.2% | $814,870 +3% |
| 2024 | $15,941 +131.2% | $791,140 +598.6% |
| 2023 | $6,895 +217.8% | $113,250 |
| 2022 | $2,170 +6.6% | $113,250 +6.1% |
| 2021 | $2,035 | $106,760 |
| 2020 | -- | $106,760 +6.1% |
| 2019 | $1,858 | $100,650 |
| 2018 | $1,858 +2.5% | $100,650 +3% |
| 2017 | $1,812 +3.9% | $97,720 +3% |
| 2016 | $1,745 | $94,880 +3% |
| 2015 | $1,745 +5.9% | $92,120 +3% |
| 2014 | $1,647 | $89,440 +3% |
| 2013 | -- | $86,840 +5.7% |
| 2012 | -- | $82,170 -2.5% |
| 2011 | -- | $84,320 +3% |
| 2010 | -- | $81,870 +3% |
| 2009 | -- | $79,490 +3% |
| 2008 | -- | $77,180 +3% |
| 2007 | -- | $74,940 +3% |
| 2006 | -- | $72,760 +3% |
| 2005 | -- | $70,650 +6.1% |
| 2003 | -- | $66,603 -14% |
| 2002 | -- | $77,435 +5.3% |
| 2001 | -- | $73,555 +3.5% |
| 2000 | -- | $71,045 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 97756
Nearby schools
Schools provided by the listing agent
- Elementary: John Tuck Elem
- Middle: Elton Gregory Middle
- High: Redmond High
Source: Oregon Datashare. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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