624 Nw 4th Street, Redmond, Or 97756

Why This Property?

Attention investors! Prime development opportunity in downtown Redmond. This 0.41-acre, R5-zoned lot offers high-density potential (up to 5 units) with redevelopment options that may include a cottage cluster, townhome-style units, or a multi-unit project. Located only 1 block from downtown Redmond restaurants, shops, and nightlife. The 2-bed, 1-bath, 1,088 sq ft home is livable as is, offering flexibility to renovate, rebuild, or redevelop. An additional outbuilding provides extra storage. Renovation or construction loan options available including 0% down VA, 3.5% down FHA, and 5% down conventional. Fix and flip / fix and hold loans may also be available. Possibilities are endless! Buyers to conduct their own due diligence regarding zoning, development potential, and financing.