Building Details

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Listing Agency: RE/MAX Key Properties a***@buccolagroup.com Show Phone

Listed By: Ryan Amerongen · License #OR 201209792

Source: Crexi

Added: Apr 12 Changed: Aug 8 Last Checked: Aug 29 at 8:15PM

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Investment Insights

Based on property information with market context.

This new two-story apartment building complex is under construction and is planned to deliver 24 residential units across two floors. The property includes a maintenance shed and a dedicated trash enclosure.

The complex is located along SW Canal Avenue in Redmond, Oregon, with easy access to Highway 97.

Construction is underway with an estimated completion date of April 2020.

Key Highlights

• New two‑story apartment building complex in Redmond, Oregon
• 24 residential units over two floors
• Located along SW Canal Avenue

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Hair Salon Spa & Massage Center Parking Lot & Garage Auto Parts Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

157

Businesses Nearby

Explore this area Business Placement

Demographics for 97756, OR

42,168

Population

18,335

Households

2.3

Avg Household Size

40

Median Age

32%

College-Educated

92%

High-School Grad

126.3 sq mi

ZIP Area

334

Density / Sq Mi

$84,067

Median Household Income

$41,909

Median Earnings

$1,473

Median Rent

$469,000

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - New two-story residential building complex with 24 units and on-site maintenance and trash facilities.

Where is this apartment building located?

The property is located at 3808 SW Canal Blvd Redmond, OR.

What are key features of this property?

This property features: New two‑story apartment building complex in Redmond, Oregon; 24 residential units over two floors; Located along SW Canal Avenue