Central Oregon Homes, Land & Acreage for Sale

1215 NW Portland Avenue, Bend, OR 97703

New Listing

$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: 7/22/2026

Overview

Description

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.

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

Location, Tax, and Legal

Parcel Number: 167859
Lot Size Acres: 0.66
Lot Size Square Feet: 28750
Additional Parcels YN: Yes
Additional Parcels Description: 1205 NW Portland Avenue

Common Walls

1 Common Wall: Yes
2+ Common Walls: Yes

Cooling

Ductless: Yes

Construction Materials

Frame: Yes

Flooring

Vinyl: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Foundation Details

Stemwall: Yes

Flood

Unknown: Yes

Heating

Ductless: Yes
Fireplace(s): Yes
Natural Gas: Yes

Levels

Two: Yes

Roof

Composition: Yes
Metal: Yes

Window Features

Double Pane Windows: Yes

Parking Features

Asphalt: Yes
Parking Lot: Yes

Patio and Porch Features

Covered Deck: Yes
Deck: Yes
Patio: Yes
Porch: Yes

Power Production

None: Yes

Sewer

Public Sewer: Yes

Utilities

Electricity Available: Yes
Electricity Connected: Yes
Natural Gas Available: Yes
Natural Gas Connected: Yes

Water Source

Public: Yes

Special Listing Conditions

Standard: Yes

Listing Office: RE/MAX Key Properties

Last Updated: July - 22 - 2026

Broker Attribution: (541)213-8967

Information deemed reliable but not guaranteed.