Lowest priced livable 8-plex in Central Oregon with additional developable land. Amazing rental history. Lease rates are severely below market. No showing without accepted offer. Buyer to do own diligence regarding development potential.
Closed
$1,150,000
1949 SW Timber Ave, Redmond, OR 97756
2beds
8,928sqft
Multi Family
Built in 1991
-- sqft lot
$1,339,200 Zestimate®
$129/sqft
$1,810 Estimated rent
Home value
$1,339,200
$1.10M - $1.63M
$1,810/mo
Zestimate® history
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$6,707/mo
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Zillow last checked:
Listing updated:
Listed by:
Cascade Hasson SIR 541-383-7600
Bought with:
Papenheim Properties
Source: Oregon Datashare,MLS#: 220194121
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Baseboard, Electric
Cooling
- Central Air
Appliances
- Included: Cooktop, Dishwasher, Disposal, Refrigerator
Features
- Flooring: Carpet
- Windows: Vinyl Frames
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: 1 Common Wall,2+ Common Walls
Interior area
- Total structure area: 8,928
- Total interior livable area: 8,928 sqft
Property
Parking
- Parking features: Asphalt
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: Mountain(s), City
Lot
- Size: 0.8 Acres
- Features: Level
Details
- Parcel number: 161644
- Zoning description: R5
- 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: 1991
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Timber Acres
HOA
- Has HOA: No
Location
- Region: Redmond
Financial & listing details
- Price per square foot: $129/sqft
- Tax assessed value: $1,416,800
- Annual tax amount: $12,783
- Date on market: 1/5/2025
- Cumulative days on market: 1 day
- Listing terms: Cash,Conventional
- Exclusions: Tenants personal property
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/24/2026 | Listing removed | $1,950 |
Source: Zillow Rentals Report a problem | ||
| 5/11/2026 | Price change | $1,950-2.5% |
Source: Zillow Rentals Report a problem | ||
| 4/2/2026 | Price change | $2,000-4.8% |
Source: Zillow Rentals Report a problem | ||
| 2/10/2026 | Price change | $2,100+2.4% |
Source: Zillow Rentals Report a problem | ||
| 12/4/2025 | Listed for rent | $2,050 |
Source: Zillow Rentals Report a problem | ||
| 2/4/2025 | Sold | $1,150,000$129/sqft |
Source:  Oregon Datashare #220194121 Report a problem | ||
| 1/7/2025 | Pending sale | $1,150,000$129/sqft |
Source: Oregon Datashare #220194121 Report a problem | ||
| 1/5/2025 | Listed for sale | $1,150,000$129/sqft |
Source: Oregon Datashare #220194121 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,324 +4.2% | $653,470 +3% |
| 2024 | $12,783 +4.6% | $634,440 +6.1% |
| 2023 | $12,225 +6.7% | $598,030 |
| 2022 | $11,457 +6.6% | $598,030 +6.1% |
| 2021 | $10,746 | $563,710 |
| 2020 | -- | $563,710 +6.1% |
| 2019 | $9,812 | $531,360 |
| 2018 | $9,812 +2.6% | $531,360 +3% |
| 2017 | $9,568 +3.9% | $515,890 +3% |
| 2016 | $9,211 | $500,870 +3% |
| 2015 | $9,211 +9.6% | $486,290 +3.9% |
| 2014 | $8,402 | $467,880 +18.2% |
| 2013 | -- | $395,730 +10.5% |
| 2012 | -- | $358,100 |
| 2011 | -- | $358,100 -24.2% |
| 2010 | -- | $472,130 +1.4% |
| 2009 | -- | $465,830 +3% |
| 2008 | -- | $452,270 +3% |
| 2007 | -- | $439,100 +3% |
| 2006 | -- | $426,320 +3% |
| 2005 | -- | $413,910 +6.1% |
| 2003 | -- | $390,156 |
Find assessor info on the county website
Neighborhood: 97756
Nearby homes
- $386,4003 bd2 ba1.3k sqft1947 SW Timber Ave, Redmond, OR 97756Off Market
- $1,172,300-- bd-- ba10k sqft2007 SW Timber Ave, Redmond, OR 97756Off Market
- $587,5002 bd1 ba960 sqft2007 SW Timber Ave APT 3, Redmond, OR 97756Off Market
- $587,5002 bd1 ba960 sqft2007 SW Timber Ave APT 2, Redmond, OR 97756Off Market
- $--2 bd2 ba960 sqft2007 SW Timber Ave APT 6, Redmond, OR 97756Off Market
- $--2 bd1 ba960 sqft2007 SW Timber Ave APT 1, Redmond, OR 97756Off Market
- $309,0002 bd2 ba960 sqft2007 SW Timber Ave APT 8, Redmond, OR 97756Off Market
- $--2 bd1 ba960 sqft2007 SW Timber Ave APT 7, Redmond, OR 97756Off Market
Nearby schools
GreatSchools rating
- 9/10Sage Elementary SchoolGrades: K-5Distance: 0.8 mi
- 6/10Obsidian Middle SchoolGrades: 6-8Distance: 0.8 mi
- 7/10Ridgeview High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Sage Elem
- Middle: Obsidian Middle
- High: Ridgeview 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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- Oregon
- Deschutes County
- Redmond
- 97756
- 1949 SW Timber Ave
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