Adorable 1940s cottage on the edge of downtown Redmond! 816sf Craftsman style home on a corner lot with incredible curb appeal - old growth trees, welcoming front porch and fenced yard. Ideal location for those looking to be close to it all - shops, dining, medical, entertainment and more! An R5 zoned corner lot of this size has many allowed uses such as adult family home and care facility, STR, and ADU; buyer due diligence encouraged. Home currently has a Conditional Use Permit in place and is set up for a massage therapy business with a shared kitchenette and workroom space - RESIDENTIAL USAGE WOULD REQUIRE RENOVATION. Bring your creative design ideas and lender approval to envision what this could look like for you! Renovation financing allows for purchase and renovation with one loan, offering flexible downpayment options to meet your goals; ask agent for lender recommendation.
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Listing courtesy of RE/MAX Key Properties, agent Jenelle Brewer
Data last updated July 12, 2026
Based on information from Oregon Data Share. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is for consumers personal, non-commercial use only.
This home is listed at $360,000 — 34.2% below the Redmond median. See full Redmond market →
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $288,000 · $72,000 down · 30 year term
Monthly cash flow, cap rate, and cash-on-cash return at this price. Every number is an estimate you can adjust to your own financing and rent.
Estimate $1,667 ($1,500–$1,925) · HUD Fair Market Rent (FY2025), Deschutes County, 2BR. Edit to your own number.
At $360,000 with 20% down, this property runs $895 per month negative. Adjust the price, down payment, or rent to find what works.
Estimates only, not investment advice or a guarantee of rent, value, or return. Figures depend on the numbers you enter and current market conditions. Verify with your lender, tax advisor, and a Ryan Realty broker before you rely on them.
We pull climate risk data from FEMA flood maps, the Deschutes County wildland-urban interface map, and NOAA heat trends. Detailed scoring for this property is on request.
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