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
Price cut: $250K (6/25)
$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
- 177 days |
- 149 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Cascade Hasson SIR 541-383-7600
Source: Oregon Datashare,MLS#: 220213493
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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: 177 days
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
$2,624/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 | -- | $71,045 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 97756
Nearby schools
GreatSchools rating
- 9/10John Tuck Elementary SchoolGrades: K-5Distance: 0.9 mi
- 4/10Elton Gregory Middle SchoolGrades: 6-8Distance: 1.1 mi
- 4/10Redmond High SchoolGrades: 9-12Distance: 1.6 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Oregon
- Deschutes County
- Redmond
- 97756
- 1441 NW 4th St
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