$3,563,815
$236K PRICE DROP

51395 Preble Way La Pine, OR 97739

Estimated payment $20,290/month

Total Views 64
-- Bed
-- Bath
13,860 Sq Ft
$257 Price per Sq Ft

Highlights

  • Traditional Architecture
  • 1-Story Property
  • Forced Air Heating and Cooling System
  • No HOA

About This Home

The site is improved with a 14 unit multi family development constructed in 2021 and is made up of 14 - three bedroom, two bathroom permanently affixed manufactured homes. This income producing development is located in Central Oregon in the up and coming town of La Pine. It's close to Sunriver, Bend and all the outdoor adventures that draw people to Central Oregon. Rental rates are due to increase early next year only adding to the attractive 6.5 cap rate based on current year to date numbers.

Listing Agent

Peter Lowes

Knightsbridge International Brokerage Phone: 541-312-2113 License #950300172 Listed on: 10/06/2025

Co-Listing Agent

Troy Batson

Knightsbridge International Brokerage Phone: 541-312-2113 License #200410321

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,524

Year Built

  • Built in 2021

Lot Details

  • 1.44 Acre Lot
  • No Common Walls

Home Design

  • Traditional Architecture
  • Pillar, Post or Pier Foundation
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Laminate Flooring

Parking

  • Driveway
  • Assigned Parking

Schools

  • Lapine Elementary School
  • Lapine Middle School
  • Lapine Sr High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 14 Units
  • Lapine Subdivision

Listing and Financial Details

  • Assessor Parcel Number 115024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,524

Year Built

Built in 2021

Lot Details

0

Listing Details

  • Architectural Style: Traditional
  • Unit Levels: One
  • Lot Size Acres: 1.44
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Multi Family
  • Subdivision Name: Lapine
  • Year Built: 2021
  • Attribution Contact: 541-312-2113
  • Co List Office Mls Id: ocKBIRE
  • Co List Office Phone: 541-312-2113
  • Co List Office Phone: 541-312-2113
  • MLS Status: Active
  • General Property Information Elementary School: LaPine Elem
  • General Property Information Middle Or Junior School: LaPine Middle
  • General Property Information High School: LaPine Sr High
  • General Property Information:Zoning2: CRMX
  • General Property Information Audio Surveillance on Premises YN: No
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • General Property Information New Construction YN: No
  • Common Walls:No Common Walls: Yes
  • Flooring Laminate: Yes
  • Foundation Details PillarPostPier: Yes
  • Levels:One: Yes
  • Architectural Style Traditional: Yes
  • Utilities:Electricity Connected: Yes
  • Cooling:Central Air: Yes
  • Roof:Composition: Yes
  • Utilities:Natural Gas Connected: Yes
  • Utilities Cable Connected: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Laminate

Exterior Features

  • Common Walls: No Common Walls
  • Foundation Details: Pillar/Post/Pier
  • Roof: Composition

Garage/Parking

  • Parking Features: Asphalt, Assigned, Driveway, Storage
  • Attached Garage: No
  • Parking Features:Driveway: Yes
  • Parking Features:Asphalt: Yes
  • Parking Features:Assigned: Yes

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: LaPine Elem
  • High School: LaPine Sr High
  • Middle Or Junior School: LaPine Middle

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 62726.4
  • Parcel #: 115024
  • ResoLotSizeUnits: Acres
  • Zoning Description: CRMX

Multi Family

  • Number Of Units Total: 14

Tax Info

  • Tax Annual Amount: 16524.22
  • Tax Year: 2023

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

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2025 10/06/25 For Sale $3,563,815 0.0% $257 / Sq Ft
08/15/2025 08/15/25 Off Market $3,563,815 -- --
12/12/2024 12/12/24 Price Changed $3,563,815 -6.2% $257 / Sq Ft
10/21/2024 10/21/24 For Sale $3,800,000 -- $274 / Sq Ft
Source: Oregon Datashare

Source: Oregon Datashare

MLS Number: 220191675

Oregon Datashare
Oregon Deschutes County La Pine 97739

51395 Preble Way, La Pine, OR

This home is located at 51395 Preble Way, La Pine, OR 97739 and is currently priced at $3,563,815, approximately $257 per square foot. This property was built in 2021. 51395 Preble Way is a home located in Deschutes County with nearby schools including Rosland Elementary School, La Pine Middle School, and La Pine Senior High School.

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Oregon Datashare © 2025 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Ten-X are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed.

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Peter Lowes
Listing Agent
Peter Lowes
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Knightsbridge International
(541) 788-2444