This duplex at 466 & 468 NE Olney Ave. offers two income-producing two-bedroom units with stable tenants in place, generating a total of $3,320 in monthly rent. Priced at $599,000, the property sits on a 7,405 SF lot with 1,600 SF of building space and includes three onsite parking spaces. Recent kitchen and bathroom upgrades, below-market rents, and a highly desirable location contribute to its strong investment appeal. With an estimated NOI of $28,471.20 and a cap rate of 4.75%, this asset presents solid cash flow and upside potential in a competitive rental market.
Active
$599,000
468 NE Olney Ave, Bend, OR 97701
--beds
0baths
1,600sqft
Est.:
Duplex, Multi Family
Built in 1948
-- sqft lot
$581,500 Zestimate®
$374/sqft
$-- HOA
What's special
- 37 days
- on Zillow |
- 258 |
- 13 |
Zillow last checked: 7 hours ago
Listing updated: August 05, 2025 at 06:41pm
Listed by:
Compass Commercial Real Estate 541-383-2444
Source: Oregon Datashare,MLS#: 220207113

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard
Cooling
- None
Features
- Flooring: Hardwood, Laminate
- Has fireplace: No
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 1,600
- Total interior livable area: 1,600 sqft
Property
Parking
- Parking features: Shared Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 7,405.2 Square Feet
Details
- Parcel number: 162652
- Zoning description: RH
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Northwest
- Property subtype: Duplex, Multi Family
Materials
- Frame
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1948
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Wiestoria
HOA
- Has HOA: No
Location
- Region: Bend
Financial & listing details
- Price per square foot: $374/sqft
- Tax assessed value: $516,620
- Annual tax amount: $2,221
- Date on market: 8/5/2025
- Listing terms: Cash,Conventional
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