215 NW Canal Boulevard, Redmond, OR 97756 | MLS #220199856 | Berkshire Hathaway HomeServices Northwest Real Estate
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Listing provided courtesy of Compass Commercial Real Estate- MLS# 220199856MLS Provider

215 NW Canal BoulevardRedmond, OR 97756

Multi-Family · 7,978 Sq. ft. | 0.90 Acres
$1,600,000 Active

215 NW Canal Boulevard Overview

Time on Site:
437 days
Visits:
3

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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215 NW Canal Boulevard Facts & Features

  • Type Multi-Family
  • Sq. ft. 7,978
  • Price/Sq.ft. $201
  • Lot 0.90 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • Elementary School: John Tuck Elem
  • Middle Or Junior School: Elton Gregory Middle
  • High School: Redmond High

Building Information

  • New Construction: false
  • Year Built: 1972

Location/Region

  • County Or Parish: Deschutes
  • Subdivision Name: Sothmans

Community/Development

  • Community Features: Gas Available,Park

Tax Information

  • Tax Annual Amount: 10943.0
  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 122923
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Special Listing Conditions: Standard

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 7978.0

General Information

  • Appliances: Dishwasher,Microwave,Oven,Range
  • Basement: None
  • Common Walls: 1 Common Wall
  • Flooring: Carpet,Laminate
  • Foundation Details: Slab,Stemwall,None
  • Levels: One
  • Security Features: Smoke Detector(s)

Exterior

Parking Information

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

Lot Information

  • Additional Parcels: false
  • Lot Size Acres: 0.9
  • Lot Size Area: 0.9
  • Lot Size Square Feet: 39204.0
  • Lot Size Units: Acres
  • Road Surface Type: Gravel,Paved
  • Water Source: Public

Building Exterior/Construction

  • Architectural Style: Bungalow,Ranch,Traditional
  • Attached Garage: false
  • Construction Materials: Frame
  • Roof: Composition,Membrane

General Information

  • Number Of Units Total: 10
  • Other Structures: Shed(s)
  • Sewer: Public Sewer

215 NW Canal Boulevard Neighborhood

Community

97756 (Redmond) Demographics

39
Median Age
348
Population Density (per sq. mile)
35%
College Educated
$66,120
Estimated Median Income
10,234
Estimated Total Home Owners
5,018
Estimated Total Renters
67% / 33%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

215 NW Canal Boulevard Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

215 NW Canal Boulevard Market Data

Based on the last 30 days in this zip code

$685,981
Average List Price
$361
Average Price per Square Foot
98
Properties Sold
104
Average Days on Market
507
Properties for Sale
Calculations provided by Reliance Network

215 NW Canal Boulevard History

Date Event Value Agent
5/29/2026Source: Oregon Datashare Price Increase
$1,600,000 10.3%
4/18/2025Source: Oregon Datashare Added to Database
April 18, 2025