About 1441 Nw 4th Street
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 of 1441 Nw 4th Street
| MLS® # | 220213493 |
|---|---|
| Price | $5,800,000 |
| Acres | 0.69 |
| Year Built | 2023 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Style | Contemporary |
| Status | Active |
Community Information
| Address | 1441 Nw 4th Street |
|---|---|
| Subdivision | N/A |
| City | Redmond |
| County | Deschutes |
| State | OR |
| Zip Code | 97756 |
Amenities
| Parking | Asphalt, Attached, Garage Door Opener, Shared Driveway, Parking Lot |
|---|---|
| Is Waterfront | No |
Interior
| Interior Features | Ceiling Fan(s), Fiberglass Stall Shower, Kitchen Island, Open Floorplan, Shower/Tub Combo, Solid Surface Counters, Vaulted Ceiling(s) |
|---|---|
| Appliances | Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer, Water Heater |
| Heating | Ductless, Heat Pump |
| Cooling | Ductless, Heat Pump |
| Fireplace | No |
| Stories | Three Or More, Multi/Split |
Exterior
| Lot Description | Xeriscape Landscape |
|---|---|
| Windows | Double Pane Windows |
| Roof | Composition |
| Construction | Frame |
| Foundation | Stemwall |
School Information
| Elementary | John Tuck Elem |
|---|---|
| Middle | Elton Gregory Middle |
| High | Redmond High |
Additional Information
| Date Listed | January 8th, 2026 |
|---|---|
| Days on Market | 168 |
| Zoning | C1 |
Listing Details
| Office | Cascade Hasson SIR |
|---|