Bend, OR 97703
$2,150,000
Property Type:
Residential Income
Square Footage:
13,824
Lot Size (sq. ft.):
29,621
Status:
Closed
Current Price:
$2,150,000
List Date:
5/17/2017
Last Modified:
5/27/2026
Overview
Description
Listing Details MLS# 201704522
General Property Information
- Property Sub Type
- Multi Family
- Building Area Total
- 13824
- Building Area Source
- Assessor
- # of Units Total
- 16
- Year Built
- 1973
- Elementary School
- High Lakes Elem
- Middle Or Junior School
- Pacific Crest Middle
- High School
- Summit High
- Zoning
- RM
- Tax Annual Amount
- 11952
- Tax Year
- 2017
- CC&R's YN
- Yes
- Association YN
- No
- Preferred Escrow Company & Officer
- First American Jeni Robertts
- Sign On Property YN
- No
Property Features
Appliances:
Dishwasher; Disposal; Oven; Range; Refrigerator; Water Heater
Architectural Style:
Contemporary
Construction Materials:
Frame
Flooring:
Carpet; Vinyl
Foundation Details:
Stemwall
Heating:
Electric; Wall Furnace
Interior Features:
Laminate Counters; Shower/Tub Combo
Levels:
Two
Roof:
Composition
Window Features:
Double Pane Windows; Vinyl Frames
Lot Features:
Landscaped
Parking Features:
Asphalt; Driveway; Storage; Other
Road Surface Type:
Paved
View:
Cascade Mountains; Territorial
Community Features:
Gas Available
Sewer:
Public Sewer
Water Source:
Public
Listing Terms:
Cash
Location Tax and Legal
- County
- Deschutes
- State
- OR
- Postal Code
- 97703
- Subdivision Name
- Kenwood Gardens
Contract Information
- Original List Price
- 2150000
- List Price per SqFt
- 155.5266
- Listing Contract Date
- 2017-05-12
Remarks and Miscellaneous
- Public Remarks
- What an opportunity on the Lower Westside of Bend. 16 units with full condominium status. One block to Newport Market, one mile to COCC, and equidistant to downtown or the new OSU campus. Re-sale individually or re-develop for top dollar rents /re-sale. Lots of potential with current rents averaging $725/mo all on Mo/Mo. Set up for the highest potential with 4 buildings each with 4 units so each building could be sold as well as a 4 plex qualifying for residential financing.
- Leased Components
- none
Status Change Information
- Close Date
- 2017-07-28
- Under Contract Date
- 2017-05-19
- Status Change Timestamp
- 2017-08-07
- Close Price
- 2150000
- Sold Price per SqFt
- 155.5266
More Information
Unit 1
- Unit #
- mo/mo townhome style
- # of Bedrooms
- 2
- # Full Baths
- Yes
- Monthly Rent
- 725
Unit 2
- Unit #
- mo/mo townhome style
- # of Bedrooms
- 2
- # Full Baths
- Yes
- Monthly Rent
- 725
Parking Details
- # of Other Parking
- 22
Income and Expenses (Annual Amounts)
- Gross Income
- 192000
- Operating Expense
- 53000
- Net Operating Income
- 139200
- Cap Rate
- 4.3
Listing Office:
Stellar Realty Northwest
Last Updated: May - 27 - 2026
Information deemed reliable but not guaranteed.