Income-Producing Single family home/Duplex: Originally a single-family home, this property now features a fully finished basement apartment, creating a duplex setup in a Residential Medium Density (RM) zone.
Perfect For multi-generational living, Investors looking for reliable cash flow with potential to increase returns, developers seeking properties with future growth potential, and Owner-occupants wanting to offset their mortgage by renting one unit while living in the other.
Property fully rented was generating $43,200 in annual gross income with room to increase rents. Bottom unit now vacant. Seller financing is being considered
Closed
$685,000
1647 NE Lotus Dr, Bend, OR 97701
4beds
0baths
2,496sqft
Duplex, Multi Family
Built in 1945
-- sqft lot
$661,500 Zestimate®
$274/sqft
$1,980 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 15, 2025 at 11:29am
Listed by:
Coldwell Banker Mayfield Realty 541-548-1250
Bought with:
Coldwell Banker Mayfield Realty
Source: Oregon Datashare,MLS#: 220194748

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 0
- Full bathrooms: 2
Heating
- Electric, Wall Furnace
Cooling
- None
Appliances
- Included: Dishwasher, Oven, Range, Refrigerator, Water Heater
Features
- Breakfast Bar, Built-in Features, Laminate Counters, Shower/Tub Combo, Tile Shower
- Flooring: Laminate, Vinyl
- Windows: Double Pane Windows, Vinyl Frames
- Basement: Finished
- Has fireplace: Yes
- Fireplace features: Gas, Great Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,496
- Total interior livable area: 2,496 sqft
Property
Parking
- Parking features: Alley Access, Attached, Gravel
- Has attached garage: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Exterior features: Courtyard
Lot
- Size: 6,534 sqft
- Features: Level
Details
- Parcel number: 204767
- Zoning description: RM
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex, Multi Family
Materials
- Frame
- Foundation: Stemwall
- Roof: Composition
Condition
- New construction: No
- Year built: 1945
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Bend
- Subdivision: CLAB
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Gravel
Services availability

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