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Kat Granum

kat@katgranum.com +1(503) 756-4031

Listed by Real Broker • dc@dawncordiner.com

$ 3,350,000

Est. payment -/mo

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2011 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 $266

MLS Listing ID 262865573

Year Built 1978

Annual Tax Amount $19,620

Tax Year 2024

Lot Size 0.890 Acres

Property Description

Rare opportunity to acquire a 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 RM

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 Level

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

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Regional Multiple Listing Service (RMLS)

Kat Granum

Founder & Real Estate Broker | License ID: 201205076

+1(503) 756-4031

Kat Granum

2011 NE NEIL WAY Bend, OR 97701

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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2011 NE NEIL WAY