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Listed by eXp Realty, LLC • 503-309-0093
$ 3,150,000
Est. payment /mo
New
2025 NE NEIL WAY Bend, OR 97701
12,561 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,561 sqft
Price per Sqft $250
MLS Listing ID 428951739
Year Built 1978
Annual Tax Amount $19,620
Tax Year 2024
Lot Size 0.890 Acres
Property Description
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.
Location
State OR
County Deschutes
Area _320
Zoning MR
Rooms
Basement Crawl Space
Interior
Heating Baseboard, Wood Stove
Cooling None
Exterior
Garage Spaces 7.0
View Territorial
Roof Type Composition
Garage No
Building
Lot Description Cul_de_sac, Level, Private
Story 2
Foundation Concrete Perimeter, Stem Wall
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Ensworth
Middle Schools Pilot Butte
High Schools Mountain View
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
