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10 Beds
12 Baths
4,848 sqft

$1,149,000

2531 NW CEDAR AVE, Redmond OR, 97756

Price per sqft$237.00
Built in2002
Property size4,848 sqft
Property typeMulti-family
Listing Courtesy of Keller Williams PDX Central, Tami Liesy. 503-388-1881

Overview

Active

Listed Apr 8, 2026

Updated 9 days ago

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.

$7,644/mo

Est. mortgage payment based on a $1,149,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
286696634

Interior Features

Bedrooms
10
Bathrooms
12
Basement
No

Exterior Features

Lot Size
0.18 Acres

Other Property Details

Taxes
$9,144
Tax Frequency
Annually
Garage
Yes
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Listing Courtesy of Keller Williams PDX Central, Tami Liesy. 503-388-1881

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Independent Broker Collective are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on 9/29/2026, 3:25 AM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available

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