629 Southwest 5th Street

Sold 3/15/24

Sold

Last Sold Price

$1,380,700

9,680 sqft$143/sqft

629 SW 5th St, Redmond, OR 97756

Multi FamilyProperty Type

1965Year Built

$143/sq ftPrice per sq ft

29 carsParking Spaces

Description

Outstanding redevelopment project to 24 studio apartments and 2 one bedroom units. Block building with concrete floors, double pane windows and a newer roof. Hook ups for laundry and 29 on site parking spaces. Cost of conversion approximately $1.5 mill. Call for additional info or to set up a showingOutstanding redevelopment project to 24 studio apartments and 2 one bedroom units. Block building with concrete floors, double pane windows and a newer roof. Hook ups for laundry and 29 on site parking spaces. Cost of conversion approximately $1.5 mill. Call for additional info or to set up a showing

Listed by: Mike Reinemer • RCI Real Estate Services

Listing closed: 03/15/2024 12:00 AM • Source: RMLS, MLS#: 23421775

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Location

Listing Courtesy of RCI Real Estate Services

Sold By Non Rmls Broker

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$8,227 per month

30 year fixed, 6.71% Interest

Principal and Interest

$7,135

Property Taxes

$1,092

HOA Dues

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Property Information for 629 Southwest 5th Street

Property Details

Taxes: $13,102 / year
MLS Type: Multi Family
County: Deschutes County
Subdivision: Central Busi. Dist.
Parking Features: Off Site, Paved
Zoning: C2
View: City
Parking Total: 29.00

Building Information

Stories: 2
Residences: 26
Year Built: 1965

Summary

Location and General Information

Country: US
Directions: Glacier

Energy Efficiency Features: Double Pane Windows
Road Surface: Paved

School Information

Elementary School: M A Lynch
High School: Redmond

Middle Or Junior School: Elton Gregory

Taxes and HOA

Tax Year: 2022
Tax Annual Amount: $13,101.63

Parcel Number: 123579
Tax Legal Description: Lots 3,4,5,6, Block 56 Townsite of Redmond Deschutes County OR

Property

Lot Information

Lot Description: Corner Lot, Level
Lot Size Range: Sq Ft20000to Acres1

Lot Size: 20,000 Sq Ft to .99 Acres

Property and Assessments

Property Type: Multi Family
Water Description: Public Water

Property Condition: Fixer
Year Built: 1965

Utilities

Cooling Description: Wall Unit
Fuel Description: Electricity

Heating Description: Baseboard
Hot Water Description: Gas
Sewer Description: Public Sewer
Rent Includes: Sewer, Water

Interior and Exterior Features

Exterior Features

Exterior Description: Block, Unreinforced Masonry Building
Roof Type: Composition

Interior Features

Basement: None
Foundation Details: Slab

Stories: 2

Multi Family

Multi-Family Information

Number Of Units Total: 26
Gross Income Actual: $.00

Gross Income Projected: $386,400.00
Investor Information: Incomplete
Net Income Actual: $.00
Operating Expense: $.00
Unit Type Type: Unit Type Type1, Unit Type Type2
Common Amenities: Laundry
SqFt Approximate Building Total: 9680

Unit 1 Information

Unit Type 1 Baths Total: 1
Unit Type 1 Beds Total: 0

Unit Type 1 Features: Air Conditioning, Unfurnished
Unit Type 1 Rent: $1,200
Unit Type 1 SqFt: 300.0
Unit Type 1 Units Total: 24

Unit 2 Information

Unit Type 2 Baths Total: 1
Unit Type 2 Beds Total: 1

Unit Type 2 Features: Air Conditioning, Fireplace, Range, Washer Dryer
Unit Type 2 Rent: $1,500
Unit Type 2 SqFt: 1040.0
Unit Type 2 Units Total: 2

Property History for 629 Southwest 5th Street

Date	Event & Source	Price	Appreciation
Mar 11, 2024	Sold (Public Record) Public Record #1528627813	$1,380,700	+11.4% / yr
Nov 23, 2022	Sold (Public Record) Public Record #1501601388	$1,200,000	+3.3% / yr
Oct 3, 1995	Sold (Public Record) Public Record #236054446	$500,000	—

Date	Event & Source	Price
03/11/2024	Sold (Public Record) Public Record #1528627813	$1,380,700 +11.4% / yr
11/23/2022	Sold (Public Record) Public Record #1501601388	$1,200,000 +3.3% / yr
10/03/1995	Sold (Public Record) Public Record #236054446	$500,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 629 Southwest 5th Street

Taxable ValueLand-Additions-Total-

Tax Record2025$21,198 ($1,766 / month)

Home Facts

Total Finished SqFt7,392 SqFtAbove Grade Finished SqFt7,392 SqFtLot Size20,038 SqFtStyleMulti-Family Res (5+ Units)Year Built1965CountyDESCHUTESAPN151316 AD 05500

Schools near 629 Southwest 5th Street

This home is within Redmond School District 2j.


Rating	School	Type	Grades	Distance
5/10	M A Lynch Elementary School	Public - Serves this home	K to 5	0.6 mi
4/10	Elton Gregory Middle School	Public - Serves this home	6 to 8	2.4 mi
4/10	Redmond High School	Public - Serves this home	9 to 12	0.9 mi
5/10	Hugh Hartman Elementary	Public - Nearby school	K to 5	1.0 mi
6/10	Redmond Proficiency Academy	Charter - Choice school	6 to 12	0.1 mi
NR	St Thomas Academy	Private - Nearby school	PK to 7	1.6 mi
NR	Central Christian School	Private - Nearby school	PK to 12	1.5 mi


Rating	School	Distance
5/10	M A Lynch Elementary School PublicK to 5 Serves this home	0.6 mi
4/10	Elton Gregory Middle School Public6 to 8 Serves this home	2.4 mi
4/10	Redmond High School Public9 to 12 Serves this home	0.9 mi
5/10	Hugh Hartman Elementary PublicK to 5 Nearby school	1.0 mi
6/10	Redmond Proficiency Academy Charter6 to 12 Choice school	0.1 mi
NR	St Thomas Academy PrivatePK to 7 Nearby school	1.6 mi
NR	Central Christian School PrivatePK to 12 Nearby school	1.5 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 629 Southwest 5th Street, Redmond, OR 97756	$1,380,700	–	–	9,680	–
638 Southwest 6th Street, Redmond, OR 97756	$900,000	–	–	2,096	4,356
632 Southwest 6th Street, Redmond, OR 97756	–	–	–	5,901	10,019
652 Southwest 6th Street, Redmond, OR 97756	$825,000	–	–	4,736	5,663
610 Southwest 6th Street, Redmond, OR 97756	–	–	–	128	10,019
605 Southwest 5th Street, Redmond, OR 97756	–	–	–	3,408	10,019
652 Southwest 5th Street, Redmond, OR 97756	$225,000	–	–	2,856	9,583
612 Southwest 5th Street, Redmond, OR 97756	–	–	–	–	5,227
704 Southwest 6th Street, Redmond, OR 97756	$80,000	–	–	1,978	5,663
706 Southwest 6th Street, Redmond, OR 97756	$80,000	–	–	–	5,663
631 Southwest 6th Street, Redmond, OR 97756	$200,000	–	–	1,625	6,534
647 Southwest 6th Street, Redmond, OR 97756	$215,000	–	–	1,888	8,712
732 Southwest 6th Street, Redmond, OR 97756	$3,900,000	–	–	15,266	52,272
617 Southwest 6th Street, Redmond, OR 97756	–	–	–	3,775	15,246
552 Southwest 6th Street, Redmond, OR 97756	$1,750,000	–	–	6,259	6,098
413 Southwest Glacier Avenue, Redmond, OR 97756	–	–	–	4,242	20,038

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RCI Real Estate Services

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 03/21/2024 04:27 PM

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