2422 NE Conners Ave - Multi-Family FOR SALE


Bend, OR 97701- Mountain View
$2,585,000 USD
541-550-8413
2422 NE Conners Ave, Bend, OR for Sale
$2,585,000 USD
Multi-Family - FOR SALE
1/14
null | 4.89% Cap Rate

2422 NE Conners Ave
Bend, OR 97701
Mountain View


HIGHLIGHTS

  • 100% leased 10-unit multifamily asset
  • Two buildings totaling 12,314 SF
  • Townhome-style units with garages
  • Strong in-place cash flow and upside
  • Located near St. Charles Medical Center
  • Desirable Bend rental market location

OVERVIEW

This fully leased 10-unit multifamily investment opportunity is located near St. Charles Medical Center in Bend, Oregon. The property consists of two well-maintained residential buildings totaling approximately 12,314 SF on 0.56 acres and features eight spacious two-bedroom townhome-style units ranging from approximately 1,330 to 1,356 SF, along with two one-bedroom units of approximately 740 SF. Built in 1992, the wood-frame construction offers pitched composition roofing, attached garages for all two-bedroom units, surface parking, and additional street parking. The property is currently 100% occupied and benefits from long-term tenancy, stable in-place cash flow, and measurable rent growth potential. Current gross rents total approximately $16,650 per month with upside available through continued lease renewals and potential RUBS implementation. Located within Bend’s highly desirable medical corridor, the asset offers proximity to major healthcare employers, retail amenities, schools, and recreation destinations throughout Central Oregon.

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

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

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.