2422-2444 NE Conners Ave Bnd - Apartments FOR SALE


Bend, OR 97701- Mountain View
$2,585,000 USD
541-550-8413
2422-2444 NE Conners Ave Bnd, Bend, OR for Sale
$2,585,000 USD
Apartments - FOR SALE
1/15
null | 4.89% Cap Rate

2422-2444 NE Conners Ave Bnd
Bend, OR 97701
Mountain View


HIGHLIGHTS

  • 100% leased 10-unit multifamily asset
  • Two buildings totaling 12,314 SF on 0.56 acres
  • Eight townhome-style two-bedroom units with garages
  • Documented unit upgrades across multiple interiors
  • Located near St. Charles Medical Center
  • Strong in-place cash flow with rent growth potential

OVERVIEW

2422–2444 NE Conners Ave offers investors the opportunity to acquire a fully leased 10-unit multifamily property near St. Charles Medical Center in Bend, Oregon. The property consists of two residential buildings totaling ±12,314 SF on 0.56 acres and features a desirable unit mix of eight two-bedroom residences and two one-bedroom units. The two-bedroom units include attached garages, creating a townhome-style residential feel that differentiates the asset from typical apartment product in the submarket. The property is 100% occupied and benefits from stable in-place cash flow with measurable rent growth potential. Current scheduled rents total $16,650 per month per the April 15, 2026 rent roll, with projected market rents supporting upside as leases renew. The offering package also includes a unit-by-unit upgrade summary documenting improvements across flooring, appliances, fixtures, bathrooms, hardware, doors, furnaces, decks, and other interior components. Located near St. Charles Medical Center, The Center, Cascade Surgicenter, schools, shopping, dining, and major eastside Bend corridors, the property is well positioned to attract and retain tenants seeking access to employment, healthcare, and everyday amenities. Offered at $2,585,000, the asset provides investors with in-place income, documented property improvements, and a strong location in one of Central Oregon’s most durable rental markets.

FOR SALE DETAILS

PRICE

$2,585,000 USD

PRICE/SF

$210 USD /SF

# OF UNITS

10

PRICE/UNIT

$258,500

CAP RATE

4.89%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10-Plex Near St. Charles

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1992

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

RH

APN/PARCEL ID

160433,160434

ASK ABOUT THIS PROPERTY

Dan KempCompass Commercial Real Estate ServicesMore Info
541-550-8413

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Dan KempCompass Commercial Real Estate ServicesMore Info
541-550-8413

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.