Overview
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Exterior & lot
Systems & utilities
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Listing
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.
sold in the last 90 days
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.
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 62 of the 543 places with a recorded boundary here; listings outside an outline are counted and drawn as dots with no outline to tap. Roads, rivers and lakes: US Census TIGER/Line 2024, drawn in this map's own projection.
Redmond
leftover membership, active single-family houses in Redmond. 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). 4 months of supply or less is a seller's market, above 4 and under 6 is balanced, 6 or more is a buyer's market. · updated Sep 14, 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 3.6% off the original ask, and the typical home went under contract in 27 days.
Redmond single family homes · every sale that closed in the 12 months to September 13, 2026
public.market_metric · stat_id=pct_with_price_cut · geo_type=city · geo_slug=redmond (Redmond) · segment=detached · window_months=12 · definition_id=mt-v1 · n=671 · complete_through=2026-09-13 · read 2026-09-14 | public.market_metric · stat_id=median_price_cut_pct · geo_type=city · geo_slug=redmond (Redmond) · segment=detached · window_months=12 · definition_id=mt-v1 · n=299 · complete_through=2026-09-13 · read 2026-09-14 | public.market_metric · stat_id=median_days_to_contract · geo_type=city · geo_slug=redmond (Redmond) · segment=detached · window_months=12 · definition_id=mt-v1 · n=650 · complete_through=2026-09-13 · read 2026-09-14 | 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.
“Fantastic professional service. Goes the extra mile to cover the needs of his customers. Always prompt with replies and providing up to date…”Paul Robinson
Listing courtesy of Cascade Hasson SIR, agent Johnny Champa, 541-383-7600
Data last updated September 15, 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.
