$3,563,815
$236K PRICE DROP

51395 Preble Way La Pine, OR 97739

Estimated payment $20,141/month

Total Views 1,014
-- 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

Hard to find 6.5% CAP rate in Central Oregon. 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 with A/C. Coming soon, an additional 56 units across the street at a same CAP rate. 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 the area. Development is professionally managed and has 100% occupancy with a waiting list.

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
  • 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 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: Electric, Forced Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Forced Air: Yes
  • Heating:Electric2: 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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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

For Sale

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.

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.

Nearby Homes
Peter Lowes
Listing Agent
Peter Lowes
Section Image
Knightsbridge International
(541) 788-2444