1215 NW Portland Avenue, Bend, OR 97703
$7,500,000
Property Type:
Commercial Sale
Square Footage:
14,650
Lot Size (sq. ft.):
28,750
Status:
Active
Current Price:
$7,500,000
List Date:
7/22/2026
Last Modified:
8/04/2026
Overview
Description
Listing Details MLS# 220225763
General Property Information
- Building Area Total
- 14650
- Building Area Source
- Assessor
- Building Area Units
- Square Feet
- # of Units Total
- 16
- Year Built
- 1973
- New Construction YN
- No
- Zoning
- RM
- Tax Annual Amount
- 24928
- Tax Year
- 2026
- CC&R's YN
- No
- Preferred Escrow Company & Officer
- Western Title - Arianna Lease
- FIRPTA YN
- No
- Sign On Property YN
- No
Property Features
Common Walls:
1 Common Wall; 2+ Common Walls
Construction Materials:
Frame
Cooling:
Ductless
Flooring:
Vinyl
Foundation Details:
Stemwall
Heating:
Ductless; Fireplace(s); Natural Gas
Levels:
Two
Roof:
Composition; Metal
Window Features:
Double Pane Windows
Flood:
Unknown
Utilities:
Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected
Parking Features:
Asphalt; Parking Lot
Patio and Porch Features:
Covered Deck; Deck; Patio; Porch
Power Production:
None
Sewer:
Public Sewer
Water Source:
Public
Listing Terms:
Cash; Conventional
Special Listing Conditions:
Standard
Location Tax and Legal
- Street Number
- 1215
- Street Dir Prefix
- NW
- Street Name
- Portland
- Street Suffix
- Avenue
- County
- Deschutes
- State
- OR
- Postal Code
- 97703
Contract Information
- Original List Price
- 7500000
- Listing Contract Date
- 2026-07-22
Remarks and Miscellaneous
- Public Remarks
- The Rapids on Portland presents a rare investment opportunity in Northwest Bend, one of Central Oregon's most desirable sub-markets. Substantially renovated in 2021, the property offers modern finishes, premium amenities, 100% occupancy, and strong in-place rents, providing stable cash flow with limited near-term capital needs. Individually platted condominium units also offer future flexibility through potential unit-by-unit sales.
Status Change Information
- Status Change Timestamp
- 2026-07-22
More Information
Currently Not Used
- List Price per SqFt
- 511.95
Business Details
- Business Included?
- No
Parking Details
- Parking
- Yes
- # of Parking Spaces
- 20
Listing Office:
RE/MAX Key Properties
Last Updated: August - 04 - 2026
Broker Attribution:
(541)213-8967
Information deemed reliable but not guaranteed.