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33734899
33734901

2511-2598 NW Spruce Cone Ln, Redmond, OR 97756

ET
OR 201245391
Compass Commercial Real Estate Services
DK
OR 201203140
Compass Commercial Real Estate Services
JL
OR 5414106519
Compass Commercial Real Estate Services
Listed by Compass Commercial Real Estate Services
$6,240,000
10 days on market
Updated 9 days ago

Hatch Townhomes

Details
Property Type Multifamily
Sub Type Apartment Building
Units 16
Cap Rate 4.74%
NOI $295,568
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 4.88%
Pro-Forma NOI $304,260
Price per SqFt $269
Year Built 2022
Buildings 8
Acreage 1.040
Zoning R5, High Density Residential
Investment Type Stabilized

2511-2598 NW Spruce Cone Ln, Redmond, OR 97756

Marketing description

Hatch Townhomes offers investors the opportunity to acquire a newer townhome portfolio in Redmond’s Dry Canyon area. The offering includes 16 total units across eight duplex buildings, with a mix of 14 three-bedroom townhomes and two two-bedroom townhomes. Units feature attached 2-car garages, modern finishes, and layouts ranging from 1,370 SF to 1,460 SF.

The portfolio is 100% occupied and professionally managed by High Desert Property Management. Current in-place rents remain below market for several units, creating a clear mark-to-market opportunity as scheduled increases take effect and leases renew. With 16 individual tax parcels, newer construction, and a park-adjacent setting near the Dry Canyon trail system, Hatch Townhomes offers stable current income with future pricing flexibility.

Investment highlights

  • 16 Units on 1.04 Acres
  • 100% Occupied
  • Mixed 2 & 3 Bed Townhome Units
  • Eight Duplexes on 16 Tax Parcels
  • Professionally Managed
  • Cap Rate: 4.74% In-Place 4.88% Market
  • Newer Construction
  • Attached 2-Car Garages

Listing Contacts

ET
OR 201245391
Compass Commercial Real Estate Services
DK
OR 201203140
Compass Commercial Real Estate Services
JL
OR 5414106519
Compass Commercial Real Estate Services
Listed by Compass Commercial Real Estate Services

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$295,568.00
$24,630.67/mo

Valuation Metrics

0
DSCR
4.74%
Cap Rate
4.74%
ROI

Map

Zoning

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R5 ResidentialMulti FamilyHigh Density Residential
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Emilio Tiscareno
License
201245391
Brokerage Phone
541-383-2444
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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