1441 NW 4th Street in Redmond is listed at $5,800,000. It has 18,862 square feet, sits on 0.69 acres, and was built in 2023. Status is Active, with 293 days on market.
Overview
Interior
Exterior & lot
Systems & utilities
Financial
Listing
From the MLS listing. Verify with the listing broker.
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.
A rough estimate, not a quote. Loan amount $4,640,000 · $1,160,000 down · 30 year term.
Insurance starts at 0.35% of price each year. Type your quote to replace it.
0.17 acres on the county assessor's map, tax lot 151309AA01003 · County record. Deschutes County Assessor's Office.
Lot lines come from the county assessor’s tax maps. They show the recorded shape of a parcel, not a survey, and they are not a legal boundary. Order a survey before you rely on a line.
1 place on this map. Each count is the homes for sale and under contract inside that place on this map, all home types.
Every active and pending listing of every property type on the regional MLS through Oregon Data Share inside the recorded boundary of Redmond. The wash is sales density of closes in the last 90 days; homes for sale and pending stay as marks. Pulses and the sold count are the closes of the last 30 days. Counts and medians cover every listing read for this map. The map outlines 2 of the 545 places with a recorded boundary here; listings outside an outline are counted and drawn as dots with no outline to tap.
The median sale price is $532,500, the middle of 714 single family closed sales over the last 12 months. (Oregon Data Share MLS, as of Oct 21, 2026)
Redmond
live MLS through Oregon Data Share, active single-family houses in Redmond, the same count and median list the Redmond market figures on this site publish. This price is the published list price. Months of supply = active listings divided by average monthly closings over the last 6 months (homes closed in the last 6 months divided by 6). A lower months-of-supply figure means fewer homes for sale relative to the recent sales pace. · updated Oct 22, 2026
| Date | Event | Price |
|---|---|---|
| Jun 25, 2026 | Price change | $5,800,000$250K down |
| Feb 4, 2026 | Price drop | $6,050,000$250K down |
| Jan 8, 2026 | Listed | $6,300,000 |
| Year | Tax |
|---|---|
| 2025 | $53,547 |
Tax as filed on the listing. Deschutes County. Parcel 122333. County assessor
Similar homes
Redmond · What to do about this house
The typical cut was 3.9% off the original ask, and the typical home went under contract in 28 days.
Redmond single family homes · every sale that closed in the 12 months to October 21, 2026
Ryan Realty analysis · n=714 · read 2026-10-29 | Ryan Realty analysis · n=320 · read 2026-10-29 | Ryan Realty analysis · n=696 · read 2026-10-29 | public.listings, this listing · OriginalListPrice 6300000 to ListPrice 5800000 · OnMarketDate 2026-01-08, calendar days to today in America/Los_Angeles · not DaysOnMarket, which is list-to-close
Tour requests usually get a same-day reply.
Listing courtesy of Cascade Hasson SIR
Data last updated October 29, 2026
Based on information from Oregon Data Share. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is for consumers personal, non-commercial use only.
