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2904 SW Juniper Ave 4 Unit Apartment Building $1,049,000 ($262,250/Unit) 6.10% Cap Rate Redmond, OR 97756
Investment Highlights
- Individually metered so only utility owner pays is Water/Sewer
Executive Summary
Attractive, well-built 4-plex that has been very well taken care of and consistently stays rented with ease. Configured as two separate duplexes on one lot, this property offers strong tenant appeal and functional design. Three of the four units have been recently updated with carpet, LVP & paint, enhancing both value and rental demand. Each unit features private, fenced patios, gas appliances, micro-hoods in the kitchen, included washer/dryers & a 1 car garage. Bedrooms are designed as primary-style suites, further broadening tenant appeal and maximizing occupancy. Currently generating $6,580/month in income--an excellent opportunity for investors seeking a clean, well-maintained asset with proven performance.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $1,049,000 | Property Subtype | Apartment |
| Price Per Unit | $262,250 | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.10% | Lot Size | 0.27 AC |
| Sale Condition | 1031 Exchange | Building Size | 5,340 SF |
| Gross Rent Multiplier | 13.29 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 2003/2025 |
| Zoning | R4 - Residential 4 units | ||
| Price | $1,049,000 |
| Price Per Unit | $262,250 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13.29 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 5,340 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 2003/2025 |
| Zoning | R4 - Residential 4 units |
Amenities
- Smoke Detector
Unit Amenities
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Double Vanities
- Kitchen
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Carpet
- Double Pane Windows
- Vinyl Flooring
- Large Bedrooms
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 4 | $1,645 | 1,335 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 235162 | Total Assessment | $463,970 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
235162
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$463,970 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Presented by
Trout Realty Inc
2904 SW Juniper Ave
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