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.
Active
$3,150,000
2025 NE Neil Way, Bend, OR 97701
24beds
12,561sqft
Est.:
Multi Family
Built in 1978
-- sqft lot
$-- Zestimate®
$251/sqft
$-- HOA
What's special
Private rear deckRebuilt decksWood stoveUpdated windowsFunctional two-level layoutDesirable ne bend cul-de-sac
- 41 days
- on Zillow |
- 261 |
- 17 |
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 06:21pm
Listed by:
Dawn Cordiner 503-309-0093,
eXp Realty, LLC
Source: RMLS (OR),MLS#: 428951739

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 24
- Full bathrooms: 12
- Partial bathrooms: 12
Heating
- Baseboard, Wood Stove
Cooling
- None
Appliances
- Included: Dishwasher, Range, Electric Water Heater
- Laundry: Washer Dryer Hookup
Features
- Basement: Crawl Space
Interior area
- Total structure area: 12,561
- Total interior livable area: 12,561 sqft
Property
Parking
- Total spaces: 12
- Parking features: Driveway, Off Street
- Garage spaces: 7
- Has uncovered spaces: Yes
Features
- Stories: 2
- Patio & porch: Deck
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.89 Acres
- Features: Cul-De-Sac, Level, Private, SqFt 20000 to Acres1
Details
- Additional parcels included: 100389,100371
- Parcel number: 100390
- Zoning: MR
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- T111 Siding
- Foundation: Concrete Perimeter, Stem Wall
- Roof: Composition
Condition
- Approximately
- Year built: 1978
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Bend
Financial & listing details
- Price per square foot: $251/sqft
- Tax assessed value: $949,680
- Annual tax amount: $19,620
- Date on market: 6/25/2025
- Listing terms: Cash,Conventional
- Total actual rent: 19905
- Road surface type: Paved
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