Cascade Cottages offers investors the opportunity to acquire a brand-new, seven-unit multifamily development located in the heart of Southwest Bend. Completed in 2022, this boutique property features seven thoughtfully designed cottages, each 615 square feet, situated on nearly half an acre fronting the canal. The setting combines modern design with a peaceful environment, creating strong appeal for tenants and guests alike. Currently 100% occupied, six units are leased on short-term agreements while one is month-to-month, providing both stability and flexibility. This leasing profile creates a rare dual-revenue opportunity: maintain steady long-term tenancy while capitalizing on Bend’s vibrant short-term rental market through Airbnb or VRBO. Each unit carries a short-term rental license, positioning the property for significant income growth in a market with limited licensed inventory. The location amplifies the value proposition. Cascade Cottages is minutes from Fred Meyer, restaurants, and 3rd Street amenities, while also adjacent to the Old Mill District, a hub for shopping, dining, and cultural experiences. The Old Mill District is home to the Hayden Homes Amphitheater, which draws nearly 50 concerts per season and hosts marquee performers such as The Lumineers, Mumford & Sons, Goo Goo Dolls, and Brad Paisley. This influx of visitors creates powerful demand for short-term accommodations. With in-place NOI of $91,506 and a cap rate of 4.36%, Cascade Cottages combines immediate cash flow with significant upside, making it a compelling multifamily investment in one of Oregon’s most dynamic markets.