2531 NW CEDAR AVE, Redmond, OR 97756
- $1,149,000
- $1,199,000
2531 NW CEDAR AVE, Redmond, OR 97756
- $1,149,000
- $1,199,000
Overview
- 4.0
- 4848 Sqft
- 2002
- MultiFamily
- 286696634
- 0.18 Acres
- Keller Williams PDX Central
- Tami Liesy
Description
Are you looking to add to your property portfolio, this is it! A truly fabulous fourplex that has been well maintained throughout. It’s located in a quiet neighborhood surrounded by sidewalks and well cared for homes. This property sits on an ideal corner lot. All units are townhome style with an open concept floorplan. They come with full kitchen appliances, washers and dryers. Many updates have already been made throughout and vary per unit. Some highlights include newer appliances, luxury vinyl plank flooring, carpet, interior paint, blinds, baseboards, hardware and plumbing fixtures. Units 1 & 4 are comfortable at approximately 1,100sf with 2 bedrooms and 2.5 baths, while units 2 & 3 are a little more spacious at approximately 1,200sf with 3 bedrooms and 2.5 baths. Location is superb, close to schools, parks and trails. Shopping and dining are less than 1.5 miles away, making it convenient while keeping home life peaceful for tenants. The numbers don’t lie. With a healthy and balanced projected cap rate of 6.18% this property would be a welcomed addition to any portfolio. The HOA has continued to be well managed by the same management company for the past 15 years. What this means for you is consistency and less worry. Units 1-3 are currently leased. Please do not disturb the tenants. Unit 4 can be shown by appointment only. Photos of units 1-3 were taken prior to tenant move in.
Details
Updated on July 7, 2026 at 5:02 pm-
MLS# 286696634
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Price $1,149,000
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Property Size 4848 Sqft
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Land Area 0.18 Acres
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Car Garage 4.0
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Garage Size x x
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Year Built 2002
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Property Type MultiFamily
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Property Status Active
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Office Name Keller Williams PDX Central
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Agent Name Tami Liesy
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Office Phone 503-548-4848
Additional details
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Listing Terms Cash, Conventional, VALoan
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Roof Composition
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Sewer Public Sewer
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Heating Wall Heater
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County Deschutes
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Property Type MultiFamily
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Parking Driveway, Garage
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Elementary School Hugh Hartman
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Middle School Elton Gregory
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High School Redmond
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Community Features Commons
Walkscore
Mortgage Calculator
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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PMI
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Monthly HOA Fees
Contact Information
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