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Townhome Duplex Portfolio
For Sale
$6,240,000

2598 NW Spruce Cone, Redmond, OR 97756

A 16-unit townhome duplex portfolio with attached 2-car garages, professionally managed, and 100% occupied.

Property SizeContact for details
Days on Market260

Property Features for 2598 NW Spruce Cone

General Information

Standard status Active
Property subtype Multi-family
Occupancy 100%

Additional Details

Multifamily Units 16

Building Details

Year Built 2022
Tenancy Multi
Listing Agency: Compass Commercial Real Estate
Listed By: Daniel B Kemp · License #201203140
Source: Century21northhomes
Added: Feb 14 Changed: Oct 31 Last Checked: Nov 1 at 5:59AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Commercial Real Estate

Rey
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Investment Insights

Based on property information with market context.

Hatch Townhomes is a newer townhome portfolio consisting of 16 total units across eight duplex buildings, offering a mix of 14 three-bedroom townhomes and two two-bedroom townhomes. Each unit features an attached 2-car garage, modern finishes, and layouts ranging from 1,370 to 1,460 square feet.

The portfolio is currently 100% occupied and is professionally managed by High Desert Property Management. The offering includes 16 individual tax parcels and is described as being park-adjacent near the Dry Canyon trail system.

The current in-place rents are reported to remain below market for several units, with scheduled increases taking effect and leases renewing.

Key Highlights

  • 16 total townhome units across eight duplex buildings (14 three‑bedroom, 2 two‑bedroom).
  • Year built: 2022; newer construction with unit layouts ranging from 1,370 SF to 1,460 SF.
  • 100% occupied and professionally managed by High Desert Property Management.

Property Analytics

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Lease Details

16
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

23
Businesses Nearby

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
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - A 16-unit townhome duplex portfolio with attached 2-car garages, professionally managed, and 100% occupied.
Where is this duplex located?
The property is located at 2598 NW Spruce Cone Redmond, OR.
What is the asking price?
The asking price for this property is $6,240,000.
What are key features of this property?
This property features: 16 total townhome units across eight duplex buildings (14 three‑bedroom, 2 two‑bedroom).; Year built: 2022; newer construction with unit layouts ranging from 1,370 SF to 1,460 SF.; 100% occupied and professionally managed by High Desert Property Management.
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