215 NW Canal Blvd, Redmond, OR 97756

Canal Commons consists of eight single-family homes and one duplex, all located on a single tax lot. The property includes five manufactured homes and four stick-built single-family homes, along with a stick-built duplex. Tenants are separately metered for electric and gas, while the owner pays for water, sewer, and trash, with some tenant bill-backs in place. The property is currently 100% occupied, offering strong cash flow with a 7% cap rate on in place income and upside potential. Canal Commons presents an excellent opportunity to acquire immediate cash flow with long-term growth potential. Financing is available, please call for details.

Canal Commons is a multifamily residential complex featuring a unique blend of rental options. The units range in rental rates from $1,000 to $1,720 per month, appealing to a wide tenant base. Situated off NW Canal Boulevard—a rapidly evolving corridor driven by zoning updates and urban renewal—the property is ideally positioned to benefit from Redmond’s continued growth.

Residents enjoy convenient access to local shopping, schools, and employment centers. Redmond’s strategic location along Highway 97 provides easy connectivity to Bend, Redmond Airport, and the broader Central Oregon economic hubs.