2011 NE Neil Way Bend, OR 97701
Mountain View NeighborhoodEstimated payment $20,351/month
Highlights
- 0.89 Acre Lot
- Territorial View
- Level Lot
- Wood Burning Stove
- Baseboard Heating
- Wood Siding
About This Home
Rare opportunity to acquire a 12-unit multifamily portfolio in a desirable NE Bend cul-de-sac. Spread across six duplexes on three separate tax lots, this asset presents a stable income stream with multiple exit strategies and potential for future value growth. Significant capital improvements have been made, including new siding, updated windows, and rebuilt decks, reducing near-term expenses and boosting tenant retention. Each 1,046 sq. ft. unit features 2 bedrooms, 1.5 baths, in-unit washer/dryer hookups, a wood stove, and private rear deck. The functional two-level layout includes a kitchen, living area, and half bath on the main floor, with bedrooms, full bath, and laundry closet upstairs. Additional features include 7 detached garages that are rented individually and a semi-private greenbelt with mature trees. Interior finishes vary, allowing for upside through strategic unit upgrades. Located minutes from major employers, Pine Nursery Park, Costco, hospital, and dining hotspots, this portfolio is well-positioned for consistent returns and long-term appreciation. This property is professionally managed and has been pre-inspected.
Last Listed By
Real Broker Brokerage Email: dc@dawncordiner.com License #200004059 Listed on: 06/02/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,620
Year Built
- Built in 1978
Lot Details
- 0.89 Acre Lot
- Level Lot
Parking
- 7 Car Garage
- Driveway
- Off-Street Parking
Home Design
- Stem Wall Foundation
- Composition Roof
- Wood Siding
- Plywood Siding Panel T1-11
- Concrete Perimeter Foundation
Interior Spaces
- 12,561 Sq Ft Home
- 2-Story Property
- Wood Burning Stove
- Territorial Views
- Crawl Space
Bedrooms and Bathrooms
- 16 Bedrooms
- 16 Bathrooms
Schools
- Ensworth Elementary School
- Pilot Butte Middle School
- Mountain View High School
Utilities
- No Cooling
- Baseboard Heating
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 100389
Community Details
Overview
- 12 Units
Building Details
- Operating Expense $72,202
- Gross Income $230,912
- Net Operating Income $172,709
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,517 | $389,240 | -- | -- |
| 2023 | $6,042 | $377,910 | $0 | $0 |
| 2022 | $5,637 | $356,230 | $0 | $0 |
| 2021 | $5,645 | $345,860 | $0 | $0 |
| 2020 | $5,356 | $345,860 | $0 | $0 |
| 2019 | $5,207 | $335,790 | $0 | $0 |
| 2018 | $5,060 | $326,010 | $0 | $0 |
| 2017 | $4,911 | $316,520 | $0 | $0 |
| 2016 | $4,684 | $307,310 | $0 | $0 |
| 2015 | $4,554 | $298,360 | $0 | $0 |
| 2014 | $4,420 | $289,670 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/02/2025 06/02/25 | For Sale | $3,350,000 | -- | $267 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $310,500 | First Amer Title Ins Co Or |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $125,000 | New Conventional | |
| Closed | $248,400 | Negative Amortization |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 262865573
APN: 100389
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