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215 NW Canal, 
Redmond, OR 97756

$1,450,000

—

Bed

—

Bath

7,978

Sq Ft

Multi-Family

Active

Listed by

Luke Ross

, 

Ronald E Ross

Compass Commercial Real Estate

541-383-2444

Last updated:

December 18, 2025, 03:28 PM

MLS#

220199856

Source:

OR SOMLS

About This Home

215 NW Canal

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

Home Facts

Multi-Family

Built in 1972

Price Summary

1,450,000

$181 per Sq. Ft.

MLS #:

220199856

Last Updated:

December 18, 2025, 03:28 PM

Added:

10 month(s) ago

Rooms & Interior

Interior

Living Area:

7,978 Sq. Ft.

Structure

Structure

Architectural Style:

Ranch, Traditional

Building Area:

7,978 Sq. Ft.

Year Built:

1972

Lot

Lot Size (Sq. Ft):

39,204

Finances & Disclosures

Finances

Price:

$1,450,000

Price per Sq. Ft:

$181 per Sq. Ft.

Source:OR SOMLS
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.