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$6,300,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 8 days ago
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Red Cedar Apartments - offered at a 5% cap rate - is a newly built, 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.

Full Property Details for 1441 NW 4th St

General

  • Price: $6,300,000
  • Taxes: $53,547 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: ODS
  • MLS ID: 220213493
  • Updated: 1/8/2026
  • Added to Site: 9 day(s) ago

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
  • Flooring: Vinyl

Additional Information

  • Security/Safety: Carbon Monoxide Detector(s), Smoke Detector(s)

Parking

  • Parking Features: Asphalt, Attached, Garage Door Opener, Shared Driveway, Parking Lot
  • Parking: Primary Suite, Attached, Garage Door Opener

Location

  • Area: 18862
  • County: Deschutes
  • Subdivision: N/A

School Information

  • Elementary School: John Tuck Elem
  • Middle School: Elton Gregory Middle
  • High School: Redmond High

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ductless, Heat Pump
  • Heating Type: Ductless, Heat Pump

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Contemporary
  • Builder: Timbergon Inc
  • Construction: Frame
  • Foundation: Stemwall
  • Roof: Composition
  • Common Walls: 1 Common Wall, 2+ Common Walls
  • Windows: Double Pane Windows
  • Square Feet: 18,862
  • Sq. Ft. Source: Assessor
  • Year Built: 2023

Manufactured Home

  • Mfg Name: Timbergon Inc

Lot Features

  • Lot Size (Acres): 0.69
  • Lot Size (Sq. Ft.): 30,056
  • Lot Features: Xeriscape Landscape
  • Zoning: C1

Financial Considerations

  • Tax Amount: $53,547
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Standard
  • Multiple Parcels: Yes
  • APN: 122333
  • Lot Number: 1001 1003 601 600

Listed by Cascade Hasson SIR (541) 383-7600, Johnny Taylor Champa (541) 668-1300

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Listing agent

— 1441 NW 4th St —

  • Johnny Taylor Champa

    Cascade Hasson SIR

    541-383-7600

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1441 NW 4th St

School District:Redmond School District 2j
NameGradesDistance
John Tuck Elementary School
209 Northwest 10th Street, Redmond, OR 97756
K-50.9 mi
Elton Gregory Middle School
1220 Northwest Upas Avenue, Redmond, OR 97756
6-81.1 mi
Redmond High School, Redmond, OR
675 Southwest Rimrock Way, Redmond, OR 97756
9-121.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1441 NW 4th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/08/2026
Listed
$6,300,000
2830.23%
MLS
3/11/2020
Sold
$215,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1441 NW 4th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,615
4%
$814,870
3%
2024
$15,941
131%
$791,140
128%
2023
$6,895
239%
$347,390
216%
2021
$2,035
-6%
$109,960
—
2022
$2,170
7%
$109,960
3%
2021
$2,035
10%
$106,760
3%
2019
$1,858
3%
$103,660
3%
2018
$1,812
2%
$100,650
3%
2017
$1,769
1%
$97,720
3%
2016
$1,745
3%
$94,880
3%
2015
$1,692
3%
$92,120
3%
2014
$1,647
3%
$89,440
3%
2013
$1,595
—
$86,840
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Cascade Hasson SIR (541) 383-7600, Johnny Taylor Champa (541) 668-1300

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1441 NW 4th Street, Redmond, OR 97756 (MLS# 220213493) is a Multi-Family property with 20 units containing 0 bedrooms and 0 full bathrooms. 1441 NW 4th Street is currently listed for $6,300,000 and was received on January 08, 2026. Want to learn more about 1441 NW 4th Street? Do you have questions about finding other Multi-Family real estate for sale in Redmond? You can browse all Redmond real estate or contact a Coldwell Banker agent to request more information.

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