1. Oregon
  2. Redmond
  3. 215 NW Canal Boulevard
$1,450,000

215 NW Canal Boulevard, Redmond, OR 97756

  • 7,978 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1972
  • Property Lot Size Icon0.9acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $182/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

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. The property offers strong cash flows with a 7.29% pro forma cap rate. 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. This site is just minutes from Highway 97, the city's main arterial route, providing seamless connectivity to Bend, the Redmond Airport, and Central Oregon's broader economic hubs. 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.

Listing Status:
Active
Date Added:
April 18, 2025 at 05:00AM
Listing Office:
Compass Commercial Real Estate : 541-383-2444
MLS ID:
220199856
  • Appliances: DishwasherDryerMicrowaveOvenRange
  • Basement: None
  • Flooring: CarpetLaminate
  • A/C: None
  • Heating: ElectricForced Air
  • Disability Feature: Accessible Approach with Ramp

This listing courtesy of Compass Commercial Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

J

John Tuck Elementary School

209 NW 10th St, Redmond, OR, 97756

Grades KG-5

0.47 miles away

E

Elton Gregory Middle School

1220 NW Upas Ave, Redmond, OR, 97756

Grades 6-8

1.95 miles away

R

Redmond High School

675 SW Rimrock Way, Redmond, OR, 97756

Grades 9-12

1.18 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.