2150 SW Canyon Drive, Redmond, OR 97756
Canyon Villas · Deschutes County
Key Facts
Description
Build equity with this newer, spacious 4-plex in SW Redmond, located in a desirable neighborhood with a strong rental history. Current monthly rent roll of $5,975, with all four units eligible for rent increases this year and additional upside through future vacancies or strategic improvements. The well-balanced unit mix includes two two-story units and two single-level units, each offering a single-car garage and private fenced yard, features that support long-term tenant retention and consistent demand. The location adds long-term confidence with close proximity to Bend and downtown Redmond along with employment centers. Positioned within a market benefiting from Redmond's continued growth, infrastructure investment, and expanding rental demand. This property offers a blend of current cash flow, built-in upside, and future appreciation in one of Central Oregon's strongest rental corridors.
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Structure Type
Townhouse
Year Built
2000
Living Area
4,153 sq ft
Lot Size
0.31 acres
Days on Market
139
MLS® Listing#
220214405
Property Features
Appliances
Cooling
Heating
Flooring
Basement
Parking
Lot Features
Construction
Roof
Windows
Security
Sewer
Water Source
Schools
- Elementary:
- M A Lynch Elem
- Middle:
- Obsidian Middle
- High:
- Ridgeview High
Financial Details
HOA
None
Annual Taxes
$7,183
Tax year 2025
Parcel Number
200174
Affordability Calculator
$195,000
Estimated monthly payment
$5,189/mo
Principal $780,000 · Est. interest $1,088,169 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Redmond, OR
- $544,809
- Median Listing Price
- 77
- Median Days on Market
- 1,706
- Median Sq Ft
- $331
- Median Price / Sq Ft
- 395
- Active Listings
- This home’s price is 79% above the area median.
- Its price per sq ft is 29% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Redmond, OR.
Location
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Points of Interest in Redmond, OR
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 4476 SW Salmon Place, Redmond, OR | $689,000 | 3 | 3 | 2,250 |
| 6565 NW Homestead Way, Redmond, OR | $689,900 | 3 | 2 | 1,716 |
| 6492 SW 51st, Redmond, OR | $690,000 | 3 | 2 | 1,864 |
| 510 SW 67th Street, Redmond, OR | $695,000 | — | — | — |
| 3890 NW 25th Street, Redmond, OR | $696,500 | 3 | 2 | 1,800 |
| 224 Volunteer Park Lane, Redmond, OR | $698,500 | 3 | 3 | 1,934 |
Moving Cost Estimate
EXIT Agents in Redmond
Listing Courtesy: Cascade Hasson SIR - 5413837600
Last Updated: 2026-01-27