2531 NW CEDAR Ave Redmond, OR 97756
MULTI_FAMILY - Redmond, OR
Property size:
4,848 SFLot size:
0.18 AcresPrice / SF:
$247/SF- Added:
- Apr 8, 2026
- Days on Market:
- 20
- Last Refresh:
- Apr 27 at 7:06 pm
Property Features for 2531 NW CEDAR Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 10
- Bathrooms
- 12
- Rooms
- Bedroom 2, Bathroom 6, Bathroom 9, Bedroom 10, Bathroom 4, Bathroom 11, Bedroom 8, Bathroom 7, Bathroom 8, Bedroom 1, Bathroom 5, Bedroom 6, Bedroom 5, Bedroom 9, Bedroom 4, Bathroom 2, Bathroom 10, Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 7, Bathroom 12
- 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
MLS# 286696634
Listing URL
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.
Overview
Well-Maintained Redmond Fourplex Opportunity
This fourplex is located in a quiet neighborhood with sidewalks and well-maintained homes. The property is situated on a corner lot. All units are townhome style with an open concept floorplan, full kitchen appliances, washers, and dryers. Updates have been made throughout the units, including newer appliances, luxury vinyl plank flooring, carpet, interior paint, blinds, baseboards, hardware, and plumbing fixtures. Units 1 and 4 are approximately 1,100 square feet with 2 bedrooms and 2.5 baths, while units 2 and 3 are approximately 1,200 square feet with 3 bedrooms and 2.5 baths. The location is near schools, parks, and trails, with shopping and dining less than 1.5 miles away. The property has a projected cap rate of 6.18%. The Home Owners Association has been managed by the same company for the past 15 years. Units 1-3 are currently leased. The property is zoned R4 and sits on a lot of 0.18 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Redmond
- County
- Deschutes
- State
- Oregon
- Longitude
- -121.1969935
- Latitude
- 44.2785442
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fourplex in quiet neighborhood, close to amenities and well-maintained.
Where is this quadplex located?
The property is located at 2531 NW CEDAR Ave Redmond, OR.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Projected 6.18% Cap Rate: Demonstrates strong investment potential.; Four Townhome‑Style Units: Offers a desirable layout with open concept floorplans, full kitchen appliances, and washers/dryers.; Well‑Maintained with Updates: Features newer appliances, luxury vinyl plank flooring, carpet, paint, and updated fixtures.
