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Red Cedar Apartments 1441-1461 NW 4th St 20 Unit Apartment Building $8,767,080 CAD ($438,354 CAD/Unit) 5.66% Cap Rate Redmond, OR 97756
INVESTMENT HIGHLIGHTS
- Located conveniently in the heart of North Redmond between Walmart and St Charles Hospital
- Walking access to retailers, daycare, healthcare, food service and more. Studio apartment and two car garage on 1st floor, 2nd/3rd flr townhome
EXECUTIVE SUMMARY
Two Duplex and Two Triplex Buildings. Each unit has two rentable doors. Each building on its own tax lot.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$627,055
|
$174.96
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$31,102
|
$8.68
|
| Effective Gross Income |
$595,953
|
$166.28
|
| Taxes |
$74,516
|
$20.79
|
| Operating Expenses |
$77,797
|
$21.71
|
| Total Expenses |
$152,313
|
$42.50
|
| Net Operating Income |
$443,639
|
$123.78
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $627,055 |
| Annual Per SF | $174.96 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $31,102 |
| Annual Per SF | $8.68 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $595,953 |
| Annual Per SF | $166.28 |
| Taxes (CAD) | |
|---|---|
| Annual | $74,516 |
| Annual Per SF | $20.79 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $77,797 |
| Annual Per SF | $21.71 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $152,313 |
| Annual Per SF | $42.50 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $443,639 |
| Annual Per SF | $123.78 |
PROPERTY FACTS
| Price | $8,767,080 CAD | Building Class | B |
| Price Per Unit | $438,354 CAD | Lot Size | 0.70 AC |
| Sale Type | Investment | Building Size | 18,862 SF |
| Cap Rate | 5.66% | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 1.27/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | C1 | ||
| Price | $8,767,080 CAD |
| Price Per Unit | $438,354 CAD |
| Sale Type | Investment |
| Cap Rate | 5.66% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.70 AC |
| Building Size | 18,862 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2023 |
| Parking Ratio | 1.27/1,000 SF |
| Zoning | C1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2.5 | 10 | $3,378 CAD | 1,348 - 1,566 |
| Studios | 10 | $1,966 CAD | 482 - 648 |
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $2,256,445 CAD | |
| Land Assessment | $0 CAD | Annual Taxes | $74,516 CAD ($3.95 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,256,445 CAD
Annual Taxes
$74,516 CAD ($3.95 CAD/SF)
Tax Year
2025
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Red Cedar Apartments | 1441-1461 NW 4th St
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