What drives rental demand in Redmond?

Job stability, migration from high-cost areas, and lifestyle amenities fuel demand. Median rents support strong occupancy at 95%+. New developments maintain supply without oversaturation.

How competitive is Redmond's housing market?

Somewhat competitive with homes selling in 45–60 days and occasional multiple offers. Inventory at 1.5 months favors sellers. Multi-family sees similar trends with steady appreciation.

What are typical multi-family returns in Redmond?

Expect 6–8% ROI with cap rates around 6% and 3–4% appreciation. Average cash flow per unit reaches $2,000–$3,000 monthly. Renter occupancy hovers near 42% citywide.

Multi Family Investment Properties for Sale in Redmond, OR

Property at 2716-2718 SW Umatilla Ave, Redmond, OR

4 Bed
2 Bath
1936 sft

2716-2718 SW Umatilla Ave, Redmond, OR, 97756

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Why Invest in Redmond, Oregon?

Multi-family properties in Redmond, OR offer strong investment potential amid steady population growth and housing demand. Central Oregon's lifestyle appeal drives rental demand, with homes selling quickly at median prices around $505K–$510K. Investors benefit from balanced market conditions, low days on market (45–60 days), and resilience compared to Bend. Rental yields average 6–7%, supported by job stability and new developments. Appreciation holds at 3–4% annually, making multi-family a reliable cash flow generator.

8.5%

Avg. ROI

6.8%

Rental Yield

6.2%

Cap Rate

$28500/mo

Avg. Cash Flow

$1950/mo

Avg. Rent

3.8%

1Y Appreciation

Frequently Asked Questions

Yes, Redmond offers stable growth with low days on market and population influx driving rental demand. Multi-family benefits from 6–7% yields and balanced supply. Affordability compared to Bend attracts investors seeking cash flow.

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What drives rental demand in Redmond?

How competitive is Redmond's housing market?

What are typical multi-family returns in Redmond?

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