215 NW Canal Boulevard, Redmond, OR 97756

Redmond
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
215 NW Canal Boulevard,Redmond, OR 97756
$1,600,000
  • - Beds
  • - Baths
  • 7,978 sq. ft.
  • Multi-family
  • Pending
Listed by: luke ross, ronald e ross
Office: compass commercial real estate
MLS#:220199856
Source:OR_SOMLS

Price summary

  • Price:$1,600,000
  • Price per sq. ft.:$200.55

About this home

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 7.54% cap rate on in place income. 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 Financing available. Call broker for details.

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Home facts

  • Year built:1972
  • Subdivision & Development:Sothmans
  • Listing ID #:220199856
  • Added:493 day(s) ago
  • Updated:August 24, 2026 at 08:58 PM

Rooms and interior

  • Flooring:Carpet, Laminate
  • Kitchen Description:Dishwasher, Microwave, Oven, Range
  • Living area:7,978 sq. ft.

Heating and cooling

  • Heating:Electric, Forced Air

Structure and exterior

  • Roof:Composition, Membrane
  • Year built:1972
  • Building area:7,978 sq. ft.
  • Lot area:0.9 Acres
  • Architectural Style:Ranch, Traditional
  • Construction Materials:Frame
  • Foundation Description:Slab, Stemwall
  • Levels:1 Story

Schools

  • High school:Redmond High
  • Middle school:Elton Gregory Middle
  • Elementary school:John Tuck Elem

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,600,000
  • Price per sq. ft.:$200.55
  • Tax amount:$10,943 (2024)

Features and amenities

  • Appliances:Dishwasher, Microwave, Oven, Range

Parking

  • Parking description:Asphalt, Attached Carport, Driveway, Gravel, On Street

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