Attention investors! Prime development opportunity in downtown Redmond. This 0.41-acre, R5-zoned lot offers high-density potential (up to 5 units) with redevelopment options that may include a cottage cluster, townhome-style units, or a multi-unit project. Located only 1 block from downtown Redmond restaurants, shops, and nightlife. The 2-bed, 1-bath, 1,088 sq ft home is livable as is, offering flexibility to renovate, rebuild, or redevelop. An additional outbuilding provides extra storage. Renovation or construction loan options available including 0% down VA, 3.5% down FHA, and 5% down conventional. Fix and flip / fix and hold loans may also be available. Possibilities are endless! Buyers to conduct their own due diligence regarding zoning, development potential, and financing.
Closed
$325,000
624 NW 4th St, Redmond, OR 97756
2beds
1baths
1,088sqft
Single Family Residence
Built in 1943
0.41 Acres Lot
$332,000 Zestimate®
$299/sqft
$1,931 Estimated rent
Home value
$332,000
$309,000 - $359,000
$1,931/mo
Zestimate® history
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$1,876/mo
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Zillow last checked:
Listing updated:
Listed by:
Knipe Realty ERA Powered 541-797-0701
Bought with:
Premiere Property Group, LLC
Source: Oregon Datashare,MLS#: 220213634
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Natural Gas, Other
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Oven, Refrigerator, Washer, Water Heater
Features
- Flooring: Carpet, Simulated Wood, Vinyl
- Has fireplace: No
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,088
- Total interior livable area: 1,088 sqft
Property
Parking
- Parking features: Driveway, No Garage, On Street, Storage
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio, Porch
- Fencing: Fenced
- Has view: Yes
- View description: City, Neighborhood
Lot
- Size: 0.41 Acres
- Features: Level
Details
- Additional structures: Shed(s), Storage
- Parcel number: 122639
- Zoning description: R5
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Slab
- Roof: Shake
Condition
- New construction: No
- Year built: 1943
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Community
- Community features: Short Term Rentals Allowed
Location
- Region: Redmond
- Subdivision: Fair Acres
Other
Other facts
- Listing terms: Cash,Private Financing Available
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/20/2026 | Sold | $325,000-4.1%$299/sqft |
Source:  Oregon Datashare #220213634 Report a problem | ||
| 1/25/2026 | Pending sale | $339,000$312/sqft |
Source: Oregon Datashare #220213634 Report a problem | ||
| 1/15/2026 | Listed for sale | $339,000+198.7%$312/sqft |
Source: Oregon Datashare #220213634 Report a problem | ||
| 12/30/2015 | Sold | $113,500-1.2%$104/sqft |
Source: Oregon Datashare #201500099 Report a problem | ||
| 12/29/2015 | Pending sale | $114,900$106/sqft |
Source: CENTURY 21 Gold Country #201500099 Report a problem | ||
| 12/1/2015 | Price change | $114,900-2.5%$106/sqft |
Source: Better Homes and Gardens Real Estate Gold Country Realty #201500099 Report a problem | ||
| 10/6/2015 | Price change | $117,900-0.5%$108/sqft |
Source: CENTURY 21 Gold Country #201500099 Report a problem | ||
| 8/6/2015 | Price change | $118,500-1.2%$109/sqft |
Source: CENTURY 21 Gold Country #201500099 Report a problem | ||
| 1/7/2015 | Listed for sale | $119,900+41.2%$110/sqft |
Source: Century 21 Gold Country Realty #201500099 Report a problem | ||
| 11/16/2013 | Listing removed | $84,900$78/sqft |
Source: CENTURY 21 Gold Country #201308291 Report a problem | ||
| 9/5/2013 | Listed for sale | $84,900$78/sqft |
Source: Century 21 Gold Country Realty #201308291 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,580 +4.2% | $126,520 +3% |
| 2024 | $2,475 +4.6% | $122,840 +6.1% |
| 2023 | $2,367 +6.7% | $115,800 |
| 2022 | $2,219 +6.6% | $115,800 +6.1% |
| 2021 | $2,081 | $109,160 |
| 2020 | -- | $109,160 +6.1% |
| 2019 | $1,900 | $102,910 |
| 2018 | $1,900 +2.5% | $102,910 +3% |
| 2017 | $1,853 +3.9% | $99,920 +3% |
| 2016 | $1,784 | $97,010 +6.8% |
| 2015 | $1,784 +10.1% | $90,840 +19.3% |
| 2014 | $1,620 | $76,150 +20.9% |
| 2013 | -- | $62,990 +25.1% |
| 2012 | -- | $50,370 -4.6% |
| 2011 | -- | $52,820 -17.4% |
| 2010 | -- | $63,960 -32.1% |
| 2009 | -- | $94,190 +3% |
| 2008 | -- | $91,450 +6.1% |
| 2006 | -- | $86,210 +3% |
| 2005 | -- | $83,700 +6.1% |
| 2003 | -- | $78,910 -4.7% |
| 2002 | -- | $82,790 -11.2% |
| 2001 | -- | $93,200 +5.1% |
| 2000 | -- | $88,640 |
Find assessor info on the county website
Neighborhood: 97756
Nearby schools
GreatSchools rating
- 9/10John Tuck Elementary SchoolGrades: K-5Distance: 0.5 mi
- 4/10Elton Gregory Middle SchoolGrades: 6-8Distance: 1.7 mi
- 4/10Redmond High SchoolGrades: 9-12Distance: 1.2 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.
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- Oregon
- Deschutes County
- Redmond
- 97756
- 624 NW 4th St
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