Build equity with this newer, spacious 4-plex in SW Redmond, located in a desirable neighborhood with a strong rental history. Current monthly rent roll of $5,975, with all four units eligible for rent increases this year and additional upside through future vacancies or strategic improvements. The well-balanced unit mix includes two two-story units and two single-level units, each offering a single-car garage and private fenced yard, features that support long-term tenant retention and consistent demand. The location adds long-term confidence with close proximity to Bend and downtown Redmond along with employment centers. Positioned within a market benefiting from Redmond's continued growth, infrastructure investment, and expanding rental demand. This property offers a blend of current cash flow, built-in upside, and future appreciation in one of Central Oregon's strongest rental corridors.
Unique four-unit property with strong income potential. The main residence is a thoughtfully updated 2-bedroom + an office, 2-bath home with garage converted to gym, and carport, plus a large fully fenced backyard featuring an outdoor kitchen and mature landscaping—well suited for everyday living or entertaining. Three newly built detached cabins offer great rental income, each include 1 bedroom, 1 bath, ductless heating and cooling, private fenced yards, and excellent natural light. One unit is eligible for short-term rental, offering flexible income options alongside long-term rental or multigenerational use. Conveniently located near local amenities, this property offers a rare mix of livability and investment opportunity. The main home and cabins are fully leased with a combined monthly rent of $7,495.
Red Cedar Apartments — offered at a 5.3% cap rate — is a newly built, 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.
Quality duplex built in 2001, located on a quiet cul-de-sac in the highly desirable Southwest Redmond area. Each unit features 2 bedrooms, 2 bathrooms, a 1 car garage, and a fenced back yard. Tenants pay electricity, garbage, and gas. City utilities are metered separately and billed back to tenants. Consistent rental income makes this duplex a great addition to any investment portfolio. Owner is the listing agent.
Freshly painted single story duplex in NE Redmond featuring 1290 Sqft of living area in each unit with open floor plans and 2 bedrooms with 2 baths per unit. Single car garage and driveway parking. Generous fenced rear yards with small storage sheds.
Canal Commons consists of 8 single family homes and 1 duplex all on one tax lot. Total of 10 units. Five manufactured homes and five stick built. 100% occupied. The property offers strong cash flows with a 7.4% cap rate. Please refer to attached offering memorandum in documents section for rent roll and expenses. Tenants are separately metered for gas and electric. Owner pays water, sewer, and trash with some tenant bill backs in place. Located in the heart of Redmond, the property offers convenient access to local amenities and transportation routes. Its central location makes it an attractive option for residents seeking proximity to downtown Redmond and other key areas. The property sits directly off NW Canal Blvd, a growing mixed-use spine that has seen increased interest from developers due to recent zoning updates and urban renewal efforts
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Redmond is located in Oregon. Redmond, Oregon has a population of 33,160. Redmond is more family-centric than the surrounding county with 34.6% of the households containing married families with children. The county average for households married with children is 29.18%.
The median household income in Redmond, Oregon is $70,129. The median household income for the surrounding county is $74,082 compared to the national median of $69,021. The median age of people living in Redmond is 36.4 years.
The average high temperature in July is 84.5 degrees, with an average low temperature in January of 24.1 degrees. The average rainfall is approximately 10 inches per year, with 13.7 inches of snow per year.