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2598 NW Spruce Cone, Redmond, OR 97756

$6,240,000
Property Type: Residential Income Square Footage: 23,178 Lot Size (sq. ft.): 45,302 Status: Active
Current Price: $6,240,000 List Date: 6/23/2026 Last Modified: 6/23/2026

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.

Supplements: ********

More Information MLS# 220223934

Location, Tax, and Legal

Cross Street: NW 25th St Parcel Number: 280764 Tax Map Number: 151305AB05300 Lot Size Acres: 1.04 Lot Size Square Feet: 45302 Additional Parcels YN: Yes Additional Parcels Description: 151305AB04500; 151305AB04400; 151305AB04300; 151305AB04200; 151305AB04100; 151305AB04000; 151305AB03900; 151305AB03800; 151305AB04600; 151305AB04700; 151305AB04800; 151305AB04900; 151305AB05000; 151305AB05100; 151305AB05200

Contract Information

List Price per SqFt: 269.22 Current Price: $6,240,000 Status: Active Original List Price: 6240000 List Price: $6,240,000 Listing Contract Date: 2026-06-22

General Property Information

Building Area Total: 23178 Building Area Source: Assessor Building Area Units: Square Feet # of Units Total: 16 Short Term Rental Permit YN: No New Construction YN: No Elementary School: Tom McCall Elem Middle Or Junior School: Elton Gregory Middle High School: Redmond High Zoning: R5 Tax Annual Amount: 44072.12 Tax Year: 2025 CC&R's YN: Yes Association YN: No FIRPTA YN: No Sign On Property YN: No Property Sub Type: Multi Family Year Built: 2022

Remarks and Miscellaneous

Public Remarks: 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.

Architectural Style

Traditional: 1

Common Walls

2+ Common Walls: 1

Cooling

Zoned: 1

Flooring

Carpet: 1 Laminate: 1

Listing Terms

Cash: 1 Conventional: 1

Foundation Details

Slab: 1

Heating

Zoned: 1

Levels

Two: 1

Roof

Composition: 1

Structure Type

Townhouse: 1

Parking Features

Driveway: 1 On Street: 1

Power Production

None: 1

Sewer

Public Sewer: 1

Utilities

Electricity Connected: 1 Natural Gas Connected: 1 Phone Connected: 1

Water Source

Public: 1

Parking Details

# of Garages: 16

Special Listing Conditions

Standard: 1

Location Tax and Legal

Street Number: 2598 Street Dir Prefix: NW Street Name: Spruce Cone County: Deschutes State: OR Postal Code: 97756 Subdivision Name: Dry Canyon

Status Change Information

Status Change Timestamp: 2026-06-23

Property Features

Architectural Style: Traditional Common Walls: 2+ Common Walls Cooling: Zoned Flooring: Carpet; Laminate Foundation Details: Slab Heating: Zoned Levels: Two Roof: Composition Utilities: Electricity Connected; Natural Gas Connected; Phone Connected Parking Features: Driveway; On Street Structure Type: Townhouse Power Production: None Sewer: Public Sewer Water Source: Public Listing Terms: Cash; Conventional Special Listing Conditions: Standard
Listing Office: Compass Commercial Real Estate
Last Updated: June - 23 - 2026
Information deemed reliable but not guaranteed.