$1199000

10 Bed
12 Bath
4848 SqFt
1 DOM
Built: 2002
Status: Active

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Krishna Regupathy

Principal Broker

(503) 893-8874

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.

Listing Provided Courtesy of Tami Liesy, Keller Williams PDX Central

General Information

MLS #286696634
Type
Days on Market 1 DOM
Beds10
Lot Size 7840.8 SqFt
Baths12
SqFt4848
Year built2002
ZoningR4
CountyDeschutes
Tax ID207179
ElemHugh Hartman
MiddleElton Gregory 5/10
HighRedmond 4/10
PropCategoryMultiFamily
PropType
Neighborhood (Legal)Fairhaven Vista Phases 1 & 2 Lot 3

Listing Provided Courtesy of Tami Liesy, Keller Williams PDX Central

Krishna Realty data last checked: Apr 09, 2026 03:04 | Listing last modified Apr 08, 2026 13:11, Source:

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Residence Information

Upper SqFt
Main SqFt
Lower SqFt
Total SqFt4848
SFSrc
TotUp/Mn
Fireplaces
Bdrms10
Full Bath
Partial Bath
Total Bath12
RoofComposition
Garage4,
Style
ParkingDriveway,Garage
Levels2
Year Built2002
Green CertNo
Energy Eff
ExteriorBoardBattenSiding, CementSiding, LapSiding, Other, ShakeSiding, WoodSiding
Bsmt/FndCrawlSpace
RV
URM
BasementCrawlSpace
FoundationConcretePerimeter
Windows
Amenities

Features and Utilities

Living
Kitchen
Interior
Exterior
Accessibility
Cool
WaterElectricity
HeatWallHeater
SewerPublicSewer
Hot WaterElectricity
FuelElectricity

Financial

PTax/Yr9144.34
HOA1
HOA InclSewer,TrashCollection,Water
HOA Fee
Other Dues
Terms ConsideredCash,Conventional,VALoan
List Date04-08-2026
Rent (If Rented)
Bank Owned/REONo
Short SaleNo

Comparable Information

Pending Date
DOM 1
CDOM 1
Sold Date
TermsCash,Conventional,VALoan
Original Price$1,199,000
List Price$1,199,000
Sold Price
Last ModifiedApr 08, 2026 13:11

Schools

public Elementary : Hugh Hartman N/A Ratings

public Middle : Elton Gregory 5/10 Ratings

charter High : Redmond 4/10 Ratings

Map

Listing courtesy of Keller Williams PDX Central.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Krishna Realty data last checked: Apr 09, 2026 03:04 | Listing last modified Apr 08, 2026 13:11. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

2531 NW CEDAR AVE

$1,199,000