2250 SW 21st Street, Redmond, OR 97756

$3,625,000
Property Type: Residential Income Square Footage: 38,130 Lot Size (sq. ft.): 88,862 Status: Closed
Current Price: $3,625,000 List Date: 2/09/2016 Last Modified: 5/27/2026

Overview

Description

This prime 29 unit multi-family development offers a perfect blend of high quality newer construction, great location w/easy access to shopping, schools, downtown, restaurants & Hwy 97. Current rents $950 to $1,125. All units have tentative approval for Townhome conversion. Individual units feature single car garage, slate fireplace, utility rooms (some include washer & dryer), partial walk-in closets in master, and a 6x6 exterior storage area for each unit.

Listing Details MLS# 201600965

General Property Information

Property Sub Type
Multi Family
Building Area Total
38130
Building Area Source
Assessor
# of Units Total
29
Year Built
2007
Builder Name
Tri County Builders
Zoning
R-5
Tax Annual Amount
31377
Tax Year
2015
CC&R's YN
Yes
Preferred Escrow Company & Officer
Western Title - Judy Swift/Angelique
Sign On Property YN
No

Property Features

Appliances: Dishwasher; Disposal; Oven; Range; Refrigerator Architectural Style: Contemporary Construction Materials: Frame Fireplace Features: Gas; Living Room Flooring: Carpet; Vinyl Foundation Details: Stemwall Heating: Natural Gas; Wall Furnace Interior Features: Primary Downstairs; Walk-In Closet(s) Levels: Two Roof: Composition Lot Features: Fenced; Landscaped Patio and Porch Features: Deck; Patio Road Surface Type: Paved View: Cascade Mountains; Territorial Community Features: Gas Available Sewer: Public Sewer Water Source: Backflow Irrigation; Public Listing Terms: Cash

Location Tax and Legal

Street Number
2250
Street Dir Prefix
SW
Street Name
21st
Street Suffix
Street
County
Deschutes
State
OR
Postal Code
97756

Contract Information

Original List Price
3800000
List Price per SqFt
99.659
Listing Contract Date
2016-02-08

Remarks and Miscellaneous

Public Remarks
This prime 29 unit multi-family development offers a perfect blend of high quality newer construction, great location w/easy access to shopping, schools, downtown, restaurants & Hwy 97. Current rents $950 to $1,125. All units have tentative approval for Townhome conversion. Individual units feature single car garage, slate fireplace, utility rooms (some include washer & dryer), partial walk-in closets in master, and a 6x6 exterior storage area for each unit.

Status Change Information

Close Date
2016-06-02
Under Contract Date
2016-04-29
Status Change Timestamp
2016-06-02
Close Price
3625000
Sold Price per SqFt
95.0694

More Information

Unit 1

Unit #
Typical
# of Bedrooms
3
# Full Baths
2
Monthly Rent
1125

Unit 2

Unit #
Typical
# of Bedrooms
3
# Full Baths
2
Monthly Rent
1125

Parking Details

# of Garages
29
# of Other Parking
41

Income and Expenses (Annual Amounts)

Gross Income
391500
Operating Expense
90593
Net Operating Income
289162
Listing Office: Century 21 North Homes Realty
Last Updated: May - 27 - 2026
Information deemed reliable but not guaranteed.