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.