468 NE Olney Ave - Multi-Family FOR SALE


Bend, OR 97701- Orchard District
$599,000 USD
541-550-8413
468 NE Olney Ave, Bend, OR for Sale
$599,000 USD
Multi-Family - FOR SALE
1/25
null | 4.75% Cap Rate

468 NE Olney Ave
Bend, OR 97701
Orchard District


HIGHLIGHTS

  • Property consists of two income-producing apartments with consistent monthly rents
  • Excellent location in the heart of Bend
  • Below market rents
  • Recent upgrades to bathrooms and kitchens
  • Highly sought-after rental location
  • Cap rate of 4.75%

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$374 USD /SF

# OF UNITS

2

PRICE/UNIT

$299,500

CAP RATE

4.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

466 & 468 Olney Duplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RH

APN/PARCEL ID

162652

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.