# 2531 NW CEDAR Ave, Redmond, OR 97756

> **TL;DR:** 10bd/12ba residential multi family, $1,199,000 ($247/sqft), built 2002, 4,848 sqft. Est. $5,196/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,199,000 |
| Price/sqft | $247 |
| Bedrooms | 10 |
| Bathrooms | 12 full |
| Square Feet | 4,848 |
| Year Built | 2002 |
| Lot Size | 7,841 sqft (0.18 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $5,196 |
| **Total** | **$5,196** |

## Nearby Schools

- **Elementary:** Hugh Hartman
- **Middle:** Elton Gregory
- **High:** Redmond

## Property Highlights

- Built in 2002
- 0.18 acre lot
- 2 stories

## Description

### Agent 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.

## Location

- **Address:** 2531 NW CEDAR Ave, Redmond, OR 97756
- **County:** Deschutes
- **Coordinates:** 44.278533, -121.196966
- **Google Maps:** https://www.google.com/maps?q=44.278533,-121.196966

## Listing Agent

- **Name:** Tami Liesy
- **Brokerage:** Keller Williams PDX Central
- **Phone:** 5033881881
- **Email:** tami@realestateportland.com

## Primary Photo

![2531 NW CEDAR Ave - Primary Photo](http://lh.rdcpix.com/e10ba8fcd2d9b5638fabbc5d723ecbfdl-f1788871602r.jpg)

*48 total photos available on [listing page](https://www.propertysimple.com/listing/2531-nw-cedar-ave-redmond-or-97756-86696634)*

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**MLS#:** 286696634 | **Updated:** 2026-04-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/2531-nw-cedar-ave-redmond-or-97756-86696634)

---

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