2531 NW CEDAR Ave, Redmond, OR 97756
MULTI_FAMILY - Redmond, OR
- Added:
- Apr 8, 2026
- Days on Market:
- 66
- Last Refresh:
- Jun 12 at 11:06 am
Property Features for 2531 NW CEDAR Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 10
- Bathrooms
- 12
- Rooms
- Bathroom 7, Bedroom 2, Bedroom 7, Bedroom 8, Bedroom 10, Bathroom 3, Bathroom 5, Bathroom 10, Bathroom 12, Bathroom 2, Bathroom 11, Bedroom 9, Bathroom 1, Bedroom 6, Bedroom 4, Bathroom 9, Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 8, Bathroom 6, Bathroom 4
- Standard status
- Active
- APN
- 207179
- Size
- 4,848 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- Fairhaven Vista Phases 1 & 2 Lot 3
- Tax Annual Amount
- 9144
Building Details
- Year built
- 2002
- Floors in Building
- 2
- Number of units
- 10
- Roof type
- Composition
Listing agent Tami Liesy (503) 388-1881
Listing office Keller Williams PDX Central 919 NE 19th Ave Ste 100, Portland, OR (503) 548-4848
Listing date Apr 8, 2026
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fourplex built in 2002 with composition roof.
- Townhome‑style layout; full kitchen appliances plus washers and dryers included in each unit.
- Unit mix: Units 1 & 4 are approx. 1,100 SF (2 bed, 2.5 bath); Units 2 & 3 are approx. 1,200 SF (3 bed, 2.5 bath).
- Projected cap rate of 6.18% (per provided information).
- Units 1–3 are currently leased; Unit 4 shown by appointment only.
- HOA managed by the same management company for the past 15 years (per provided information).
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.7k | $21.60 |
| − Vacancy | −$7.6k | −$1.56 |
| EGI | $97.2k | $20.04 |
| − OpEx | −$29.1k | −$6.01 |
| NOI | $68.0k | $14.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Redmond
- County
- Deschutes
- State
- Oregon
- Longitude
- -121.196966
- Latitude
- 44.278533
