Address
215 Nw Canal Boulevard, Redmond, OR
Price
$ 1,600,000
Property Attributes
- MLS#220199856
- TypeMulti-Family
- Listing Status Pending
- CountyDeschutes
- CityRedmond
- AreaNW
- NeighborhoodSothmans
- Zip97756
- StyleBungalow, Ranch, Traditional
- Year Built1972
- Taxes$ 10943
- Price$ 1,600,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage7978
- Lot Size0.9 Acres
Data Source:
MLS of Central Oregon (MLSCO)
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. 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.
| Elementary School | Middle School | High School |
|---|---|---|
| John Tuck Elem Elementary School | Elton Gregory Middle Middle School | Redmond High High School |
| Price History | |
|---|---|
| 1/29/2026 | Listed $1,450,000 |
| 5/29/2026 | 10$1,600,000 |
General Features
| 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 | false |
| Property Type | Residential Income |
| HOA | false |
| Attached Garage | false |
| Subdivision Name | Sothmans |
| Other Structures | Shed(s) |
| Status | Pending |
| High School | Redmond High |
| City | Redmond |
| Zoning Description | R5 |
| Number Of Units Total | 10 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 39204 |
| Elementary School | John Tuck Elem |
| Tax Annual Amount | 10943 |
| Middle/Junior High School | Elton Gregory Middle |
| Additional Parcels Y/N | false |
| Structure Type | Mixed Use,House,Manufactured House |
| Standard Status | Pending |
| Tax Lot | 03800 |
| Sewer_co_Public_sp_Sewer | true |
| Utilities_co_Cable_sp_Available | true |
| Utilities_co_Electricity_sp_Available | true |
Interior Features
| Basement | None |
|---|---|
| Flooring | Carpet,Laminate |
| Common Walls | 1 Common Wall |
| Air Conditioning Y/N | false |
| Heating Y/N | true |
| Heating-Forced Air | true |
Exterior Features
| Parking Features | Asphalt,Attached Carport,Driveway,Gravel,On Street |
|---|---|
| Water Source | Public |
| Lot Size Area | 0.9 |
| Foundation Details | Slab,Stemwall,None |
| Building Area Total | 7978 |
| Lot Size Acres | 0.9 |
| Road Surface Type | Gravel,Paved |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 97756
Price
Taxes
Year Built
The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real estate listings held by Brokerages other than Mariposa Real Estate are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO).
This content last updated on September 22, 2026 7:19 AM UTC Some properties which appear for sale on this website may subsequently have sold or may
