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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.

Days on Market73

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
Source: Century21northhomes
Added: May 23 Changed: Jul 25 Last Checked: Aug 2 at 4:24PM

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

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

Current Use

Duplexes

Suggested Use

Top Pick Hair Salon Nail Salon Electrical Service Spa & Massage Center Kitchen & Bath Showroom 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

16
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

36
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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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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.
More about this property
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