515 NW Kansas Avenue, Bend, OR 97703

$2,450,000
Property Type: Residential Income Square Footage: 5,046 Lot Size (sq. ft.): 12,197 Status: Closed
Current Price: $2,450,000 List Date: 3/05/2022 Last Modified: 5/27/2026

Overview

Description

The best location and best investment in Bend! This stunning historical property is walking distance to Drake Park, The Deschutes River and downtown Bend. Five star reviews on the vacation rentals as well as great long term apartments makes this an incredible opportunity to have an income producing property (7.5% cap rate!) that could give you the flexibility to make Bend a second home as well. Three transferrable STR (short term rental permits) give you rentals that are in the heart of it all and well loved by guests.

Listing Details MLS# 220139200

General Property Information

Property Sub Type
Multi Family
Building Area Total
5046
Building Area Source
Assessor
Building Area Units
Square Feet
# of Units Total
6
Year Built
1919
Short Term Rental Permit YN
Yes
New Construction YN
No
Elementary School
William E Miller Elem
Middle Or Junior School
Cascade Middle
High School
Summit High
Zoning
RS
Tax Annual Amount
7786.81
Tax Year
2021
Potential Tax Liability YN
No
Assessment YN
No
CC&R's YN
No
Association YN
No
Preferred Escrow Company & Officer
Deschutes County Title - Libby Renfro
FIRPTA YN
No
Sign On Property YN
Yes

Property Features

Appliances: Disposal; Dryer; Range; Refrigerator; Washer; Water Heater Architectural Style: Traditional Basement: Daylight; Exterior Entry; Finished; Full Common Walls: 2+ Common Walls Construction Materials: Frame Cooling: Wall/Window Unit(s) Fireplace Features: Gas Flooring: Carpet; Hardwood; Laminate; Vinyl Foundation Details: Concrete Perimeter; Stemwall Heating: Baseboard; Electric Interior Features: Breakfast Bar; Ceiling Fan(s); Fiberglass Stall Shower; Jetted Tub; Laminate Counters; Open Floorplan; Primary Downstairs; Tile Shower; Vaulted Ceiling(s); Walk-In Closet(s) Levels: Three Or More Roof: Composition Security Features: Carbon Monoxide Detector(s); Smoke Detector(s) Unit 1 Rent Includes: Electric; Garbage; Internet; Landscaping; Sewer; Water Unit 2 Rent Includes: Garbage; Landscaping; Sewer; Water Unit 3 Rent Includes: Electric; Garbage; Gas; Internet; Landscaping; Sewer; Water Unit 4 Rent Includes: Garbage; Landscaping; Sewer; Water Window Features: Vinyl Frames Additional Features: Common Area; Laundry Facility; Separate Electric Meters Exterior Features: Courtyard; Fire Pit Utilities: Electricity Connected Lot Features: Corner Lot; Drip System; Landscaped; Level; Sprinkler Timer(s); Sprinklers In Front; Sprinklers In Rear Other Structures: Storage Parking Features: Concrete; Gravel; Permit Required Patio and Porch Features: Deck; Patio Road Frontage Type: Private Access Road Surface Type: Paved View: Mountain(s) Sewer: Public Sewer Water Source: Backflow Domestic; Backflow Irrigation; Public; Water Meter Documents on File: APOD; Profit and Loss Statement Listing Terms: Cash; Conventional Special Listing Conditions: Standard

Location Tax and Legal

Street Number
515
Street Dir Prefix
NW
Street Name
Kansas
Street Suffix
Avenue
County
Deschutes
State
OR
Postal Code
97703
Subdivision Name
Park Addition

Contract Information

Original List Price
2490000
List Price per SqFt
493.46
Listing Contract Date
2022-02-10

Remarks and Miscellaneous

Public Remarks
The best location and best investment in Bend! This stunning historical property is walking distance to Drake Park, The Deschutes River and downtown Bend. Five star reviews on the vacation rentals as well as great long term apartments makes this an incredible opportunity to have an income producing property (7.5% cap rate!) that could give you the flexibility to make Bend a second home as well. Three transferrable STR (short term rental permits) give you rentals that are in the heart of it all and well loved by guests.

Status Change Information

Close Date
2022-06-30
Under Contract Date
2022-03-29
Status Change Timestamp
2022-07-01
Close Price
2450000
Sold Price per SqFt
485.53

More Information

Unit 1

Unit #
1- STR
# of Bedrooms
Yes
# Full Baths
Yes
Monthly Rent
2700

Unit 2

Unit #
2
# of Bedrooms
Yes
# Full Baths
Yes
Monthly Rent
2250

Unit 3

Unit #
3
# of Bedrooms
Yes
# Full Baths
Yes
# Half Baths
Yes
Monthly Rent
3500

Unit 4

Unit #
4
# of Bedrooms
2
# Full Baths
Yes
# Half Baths
Yes
Monthly Rent
2800

Parking Details

# of Garages
Yes
# of Carports
6
# of Other Parking
3

Documents

Listing Office: Cascade Hasson SIR
Last Updated: May - 27 - 2026
Information deemed reliable but not guaranteed.
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