$3,150,000

Estimated payment $19,032/month

Total Views 4,060
16 Beds
16 Baths
12,561 Sq Ft
$251 Price per Sq Ft

Highlights

  • Popular Property
  • Wood Burning Stove
  • Territorial View
  • 0.89 Acre Lot
  • Private Lot
  • Cul-De-Sac

About This Home

Rare opportunity to acquire a fully occupied, 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.

Listing Agent

Dawn Cordiner

eXp Realty, LLC Brokerage Phone: 503-309-0093 License #200004059 Listed on: 06/25/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,620

Year Built

  • Built in 1978

Lot Details

  • 0.89 Acre Lot
  • Cul-De-Sac
  • Private Lot
  • Level Lot

Parking

  • 7 Car Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Stem Wall Foundation
  • Composition Roof
  • 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
  • Heating System Uses Wood
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 100390

Community Details

Overview

  • 12 Units

Building Details

  • Operating Expense $67,084
  • Gross Income $241,260
  • Net Operating Income $189,909

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,620

Year Built

Built in 1978

Lot Details

0

Parking

7

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1978
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Total Bedrooms: 16
  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 20,000 SqFt to .99 Acres
  • Foundation Details: ConcretePerimeter, StemWall
  • View: Yes
  • Lot Features: Cul_de_sac, Level, Private
  • Road Surface Type: Paved
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Description: Driveway, OffStreet
  • Attached Garage: No
  • Garage Spaces: 7.0
  • Total Parking Spaces: 12.0

Utilities

  • Fuel Description: Electricity,WoodBurning
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, WoodStove
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Ensworth
  • High School: Mountain View
  • Middle Or Junior School: Pilot Butte

Lot Info

  • Zoning: MR
  • Lot Size Acres: 0.89
  • Lot Size Sq Ft: 38768.0
  • Parcel #: 100390
  • Assessor Parcel Number 2: 100389
  • Assessor Parcel Number 3: 100371

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 19620.0
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8
  • Number Of Units Total: 12
  • Gross Rent Multiplier: 13.06
  • Annual Gross Income: 241260.0
  • Property Net Operating Income: 189909.0
  • Annual Operating Expense: 67084.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 For Sale $3,150,000 -- $251 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $310,500 First Amer Title Ins Co Or
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $780,958 New Conventional
Closed $248,400 Negative Amortization
Source: Public Records

About the Listing Agent

Dawn Cordiner

eXp Realty, LLC

(458) 231-8458

Section Image

I'm Dawn, your trusted real estate expert with almost 30 years of experience in the captivating landscapes of the Pacific Northwest. Over my extensive career, I've seen every facet of the real estate industry, mastering the art of transactions with meticulous attention to detail and unwavering professionalism.

Licensed in both Oregon and Washington, I'm here to help you turn your real estate dreams into reality. As a leader in the industry, everything I do is based on integrity and an

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 428951739

Regional Multiple Listing Service (RMLS)

APN: 100390