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$1,450,000

  • For Sale
  • Active
  • Multi-Family
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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 7.4% cap rate. 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

Full Property Details for 215 NW Canal Blvd

General

  • Price: $1,450,000
  • Taxes: $10,943 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: ODS
  • MLS ID: 220199856
  • Updated: 12/1/2025
  • Added to Site: 48 day(s) ago

Interior

  • Appliances: Dishwasher, Microwave, Oven, Range
  • Flooring: Carpet, Laminate

Additional Information

  • Security/Safety: Smoke Detector(s)

Parking

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

Location

  • Area: 7978
  • County: Deschutes
  • Subdivision: Sothmans
  • Cross Streets: Birch

School Information

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

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Electric, Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Bungalow, Ranch, Traditional
  • Construction: Frame
  • Basement Desc.: None
  • Foundation: Slab, Stemwall, None
  • Roof: Composition, Membrane
  • Common Walls: 1 Common Wall
  • Stories/Levels: 1
  • Square Feet: 7,978
  • Sq. Ft. Source: Assessor
  • Year Built: 1972

Additional Structures

  • Other Structures: Shed(s)

Lot Features

  • Lot Size (Acres): 0.9
  • Lot Size (Sq. Ft.): 39,204
  • Street/Road Desc.: Gravel, Paved
  • Zoning: R5

Financial Considerations

  • Tax Amount: $10,943
  • Tax Year: 2024
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Standard
  • APN: 122923
  • Section: NW
  • Lot Number: 3800

Listed by Compass Commercial Real Estate (541) 383-2444, Luke Ross and Compass Commercial Real Estate (541) 383-2444, Ronald E Ross (541) 480-8884

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Listing agents

— 215 NW Canal Blvd —

  • Luke Ross

    Compass Commercial Real Estate

    541-383-2444

  • Ronald E Ross

    Compass Commercial Real Estate

    541-383-2444

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

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NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 215 NW Canal Blvd

School District:Redmond School District 2j
NameGradesDistance
John Tuck Elementary School
209 Northwest 10th Street, Redmond, OR 97756
K-50.5 mi
Elton Gregory Middle School
1220 Northwest Upas Avenue, Redmond, OR 97756
6-81.9 mi
Redmond High School, Redmond, OR
675 Southwest Rimrock Way, Redmond, OR 97756
9-121.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 215 NW Canal Blvd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/18/2025
Listed
$1,450,000
57.61%
MLS
10/11/2022
Sold
$920,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 215 NW Canal Blvd

Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,943
5%
$543,130
4%
2023
$10,405
16%
$524,280
8%
2021
$8,957
-8%
$483,950
—
2022
$9,752
9%
$483,950
3%
2021
$8,957
10%
$469,860
3%
2019
$8,178
3%
$456,180
3%
2018
$7,975
2%
$442,900
3%
2017
$7,785
1%
$430,000
3%
2016
$7,678
3%
$417,480
3%
2015
$7,443
3%
$405,330
3%
2014
$7,247
6%
$393,530
3%
2013
$6,868
—
$382,075
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Compass Commercial Real Estate (541) 383-2444, Luke Ross and Compass Commercial Real Estate (541) 383-2444, Ronald E Ross (541) 480-8884

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215 NW Canal Boulevard, Redmond, OR 97756 (MLS# 220199856) is a Multi-Family property with 10 units containing 0 bedrooms and 0 full bathrooms. 215 NW Canal Boulevard is currently listed for $1,450,000 and was received on December 01, 2025. Want to learn more about 215 NW Canal Boulevard? Do you have questions about finding other Multi-Family real estate for sale in Redmond? You can browse all Redmond real estate or contact a Coldwell Banker agent to request more information.

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