2025 NE Neil Way Bend, OR 97701
Mountain View NeighborhoodEstimated payment $18,270/month
Total Views
43,863
16
Beds
16
Baths
12,561
Sq Ft
$251
Price per Sq Ft
Highlights
- 0.89 Acre Lot
- Private Lot
- Cul-De-Sac
- Wood Burning Stove
- Territorial View
- Baseboard Heating
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
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
Map
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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 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/20/2025 09/20/25 | For Sale | $1,050,000 | -66.7% | $251 / Sq Ft |
| 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 |
|---|---|---|---|
| Open | $248,400 | Negative Amortization |
Source: Public Records
About the Listing Agent
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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This charming 3-bedroom, 2.5-bath end-unit townhome is recently refreshed and move-in ready! The open floor plan features high ceilings, abundant natural light, durable LVP flooring on the main level, and brand-new carpet upstairs. Fresh interior paint adds a clean, new home feel throughout. The bright kitchen includes stainless steel appliances, and the upstairs laundry room, conveniently
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$610,000 Sold Apr 21, 2025
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NEW PRICE on this stunning home in Pleasant Valley Village, which is part of the highly desired Clackamas School District. This virtually new, lightly lived-in residence is bound to impress with its numerous upgrades, saving you both time and money. Positioned on a premium corner lot, this home features high-end stainless steel appliances, air conditioning, and a fully landscaped, low-maintenance
Dawn Cordiner eXp Realty, LLC
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$379,900 Sold Feb 07, 2025
- 2 Beds
- 1 Bath
- 1,024 Sq Ft
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With a new roof and recent repairs, this darling home is ready for you to call it home! Welcome to this delightful Milwaukie home, located in the heart of Milwaukie. Situated in a close-in yet quiet neighborhood. The cottage-like exterior, with its welcoming front porch, hints at the coziness inside. Step in to discover a warm and intimate living area with newer carpet and laminate floors.
Dawn Cordiner eXp Realty, LLC
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 428951739
APN: 100390
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate 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 Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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