215 NW Canal Blvd, Redmond, OR, 97756
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.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1972
Materials
- Foundation: Slab,Stemwall,None
- Roof: Composition,Membrane
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Architectural style: Bungalow,Ranch,Traditional
- Property subType: Multi Family,Manufactured Home
Interior
Appliances
- Appliances included: Dishwasher,Microwave,Oven,Range
Basement
- Basement: None
Features
- Flooring: Carpet,Laminate
- Common walls with other units/homes: 1 Common Wall
Heating & Cooling
- Heating features: Electric,Forced Air
- Cooling features: None
Interior Area
- Total structure area: 7,978
- Total interior livable area: 7,978 sqft
Property
Details
- Parcel number: 122923
- Zoning description: R5
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered,Covered Deck,Front Porch
Lot
- Lot size: 0.90 Acres
Parking
- Parking features: Asphalt,Attached Carport,Driveway,Gravel,On Street
- Has uncovered spaces: Yes
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Wildfire
- Winter Weather
- Cold Wave
- Hail
How This Home’s Risks Compare
FEMA Declared Disasters in Deschutes County and Oregon
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,090 | $97,080 |
| Home Insurance * | $323 | $3,876 |
| Property Taxes | $786 | $9,432 |
| Electricity | $724 | $8,688 |
| Total | $9,923 | $119,076 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-04-18 | Listed for sale | $1,450,000 |
| 2022-10-12 | Sold | $920,000 |
| 2013-02-07 | Sold | $325,706 |
For Sale by Agent
View on Zillow