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215 NW Canal Boulevard Redmond, OR $ 1,450,000
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$ 1,450,000 Get more info
215 NW Canal Boulevard
$ 1,450,000
Back to search
Share Save

215 NW Canal Boulevard

Redmond, OR, 97756
$ 1,450,000
Baths0.0 Sq 7,978

Monthly Estimate*

$ 9,046

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Studio

Multi-Family Home for sale in Redmond, OR

for $1,450,000. This 7,978 square foot home was built in 1972 on a lot size of 0.9.

Canal Commons consists of 8 single family homes and 1 duplex all on one tax lot. Total of 10 units. Five manufactured homes and five stick built. 100% occupied. The property offers strong cash flows with a 7.4% cap rate. Please refer to attached offering memorandum in documents section for rent roll and expenses. Tenants are separately metered for gas and electric. Owner pays water, sewer, and trash with some tenant bill backs in place. Located in the heart of Redmond, the property offers convenient access to local amenities and transportation routes. Its central location makes it an attractive option for residents seeking proximity to downtown Redmond and other key areas. The property sits directly off NW Canal Blvd, a growing mixed-use spine that has seen increased interest from developers due to recent zoning updates and urban renewal efforts

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Multi-Family Active

Price

$ 1,450,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 10,943

Style

Bungalow,Ranch,Traditional

Lot Size

0.9

Year Built

1972

Town/City

Redmond

County/Region

Deschutes

MLS | Web ID

220199856
Features
General
Sewer Public Sewer
Heating Electric Forced Air
Cooling None
Roof Composition Membrane
Appliances Dishwasher Microwave Oven Range
Architectural Style Bungalow Ranch Traditional
Security Features Smoke Detector(s)
Construction Materials Frame
Year Built 1972
Levels One
Property Subtype Multi Family
Tax Year 2024
Community Features Gas Available Park
County Deschutes
New Construction N
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name Sothmans
Other Structures Shed(s)
Status Active
High School Redmond High
City Redmond
Zoning Description R5
Number Of Units Total 10
Lot Size Units Acres
Lot Size Square Feet 39204.0
Carport Y/N N
Elementary School John Tuck Elem
Land Lease Y/N N
Tax Annual Amount 10943.0
Home Warranty Y/N N
Middle/Junior High School Elton Gregory Middle
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Structure Type Mixed Use House Manufactured House
Standard Status Active
Tax Lot 03800
Senior Community None
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Interior
Basement None
Flooring Carpet Laminate
Common Walls 1 Common Wall
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Total Baths 0
Heating-Forced Air True
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Exterior
Parking Features Asphalt Attached Carport Driveway Gravel On Street
Water Source Public
Lot Size Area 0.9
Foundation Details Slab Stemwall None
Spa N
Building Area Total 7978.0
Lot Size Acres 0.9
Road Surface Type Gravel Paved
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Internal Only
Street Number 1 215
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* Excluded Features
List By
Luke Ross

Listing Agent

Compass Commercial Real Estate

Broker

lross@compasscommercial.com

Email

Affordability Calculator

$9,958
Per Month
91%
9%
0%
Monthly Principal & Interest
$9,046
Monthly Property Taxes
$912
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2915638 Elementary School
2915571 Middle School
Redmond High High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/18/2025$1,450,000 Listed Price

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215 NW Canal Boulevard, Redmond, OR, 97756 is a Multi-Family Home for sale at $1,450,000 with 7,978 sqft and a lot size of 0.9. 215 NW Canal Boulevard is a studio with 0.0 baths and was built in 1972. The property's zip code is 97756 which is in Redmond, OR

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