2598 NW Spruce Cone Ln - Multi-Family FOR SALE


Redmond, OR 97756
$6,240,000 USD
541-550-8413
2598 NW Spruce Cone Ln, Redmond, OR for Sale
$6,240,000 USD
Multi-Family - FOR SALE
1/16
null | 4.74% Cap Rate

2598 NW Spruce Cone Ln
Redmond, OR 97756


HIGHLIGHTS

  • 16-unit townhome portfolio across eight duplex buildings on 1.04 acres in Redmond’s desirable Dry Canyon neighborhood
  • Completed in 2022 and 2023, offering newer construction with reduced near-term capital expenditure requirements
  • Mix of fourteen 3-bedroom units and two 2-bedroom units with an average unit size of approximately 1,449 SF
  • 100% occupied community professionally managed with established operations and stable in-place occupancy
  • 100% occupied community professionally managed with established operations and stable in-place occupancy
  • All residences feature attached 2-car garages and modern townhome layouts designed for long-term tenant appeal

OVERVIEW

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 an average size of approximately 1,449 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.

FOR SALE DETAILS

PRICE

$6,240,000 USD

PRICE/SF

$269 USD /SF

# OF UNITS

16

PRICE/UNIT

$390,000

CAP RATE

4.74%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hatch Townhomes

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2022

PARKING SPACES

16

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

R5

APN/PARCEL ID

280764

ASK ABOUT THIS PROPERTY

Dan KempCompass Commercial Real Estate ServicesMore Info
541-550-8413

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Dan KempCompass Commercial Real Estate ServicesMore Info
541-550-8413

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.