Active

Price increase: $150K (5/29)

$1,600,000

215 NW Canal Blvd, Redmond, OR 97756

--beds

0baths

7,978sqft

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Multi Family, Manufactured Home

Built in 1972

-- sqft lot

$-- Zestimate^®

$201/sqft

$-- HOA

What's special

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.

474 days

114

6

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Heating

Electric, Forced Air

Cooling

None

Appliances

Included: Dishwasher, Microwave, Oven, Range

Features

Flooring: Carpet, Laminate
Basement: None
Has fireplace: No
Common walls with other units/homes: 1 Common Wall

Interior area

Total structure area: 7,978
Total interior livable area: 7,978 sqft

Property

Parking

Parking features: Asphalt, Attached Carport, Driveway, Gravel, On Street
Has carport: Yes
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Patio & porch: Covered, Covered Deck, Front Porch

Lot

Size: 0.9 Acres

Details

Additional structures: Shed(s)
Parcel number: 122923
Zoning description: R5
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Bungalow,Ranch,Traditional
Property subtype: Multi Family, Manufactured Home

Materials

Frame
Foundation: Slab, Stemwall, None
Roof: Composition,Membrane

Condition

New construction: No
Year built: 1972

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Available

Community & HOA

Community

Features: Park
Security: Smoke Detector(s)
Subdivision: Sothmans

HOA

Has HOA: No

Location

Region: Redmond

Financial & listing details

Price per square foot: $201/sqft
Tax assessed value: $1,150,200
Annual tax amount: $10,943
Date on market: 5/29/2026
Cumulative days on market: 474 days
Listing terms: Cash,Conventional
Road surface type: Gravel, Paved

Estimated market value

Not available

Estimated sales range

Not available

$1,549/mo

Price history

Date	Event	Price
5/29/2026	Price change	$1,600,000+10.3%$201/sqft
Source: Oregon Datashare #220199856 Report a problem
4/18/2025	Listed for sale	$1,450,000+57.6%$182/sqft
Source: Oregon Datashare #220199856 Report a problem
10/12/2022	Sold	$920,000+182.5%$115/sqft
Source: Public Record Report a problem
2/7/2013	Sold	$325,706$41/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$544,360

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 97756

Getting around

74 / 100

Very Walkable

68 / 100

Bikeable

Nearby schools

GreatSchools rating

9/10
John Tuck Elementary School
Grades: K-5Distance: 0.5 mi
4/10
Elton Gregory Middle School
Grades: 6-8Distance: 1.9 mi
4/10
Redmond High School
Grades: 9-12Distance: 1.2 mi

Schools provided by the listing agent

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

Source: Oregon Datashare. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.