3 SW McKinley Ave | Bend, OR 97702
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
3 SW McKinley Ave
Bend, OR 97702
MultiFamily Investment Opportunity · Multifamily Property For Sale · 10 Units
Investment Highlights
- 10 units on two tax lots
- A+ location near Old Mill District & Deschutes River
- High demand and low market vacancy
- Excellent occupancy and rental history
- Value-add opportunity with vast upside potential
- Seller Financing Considered
Executive Summary
LARGE PRICE REDUCTION! Seller financing considered.
This is a rare multifamily opportunity in the heart of Bend, just minutes from the Old Mill District and Deschutes River. The property offers immediate income with significant upside potential. It consists of two separate tax lots, offering the flexibility to sell them individually. The property boasts a strong rental history. Most rents are currently below market value, offering a clear opportunity for increased revenue. Professional management and care can unlock substantial growth in this rapidly developing and gentrifying neighborhood. Seller financing considered.
According to County Assessor records, the interior duplex units were built on site in 1979, while the exterior triplex units are older and were relocated to the site. The triplex buildings consist of 1-bedroom, 1-bath units, while the duplex buildings feature 2-bedroom, 1-bath units. Each unit is equipped with a refrigerator and oven/stove, with some also including dishwashers and washer/dryer hookups. The property offers ample parking with both on-site and street options, along with spacious courtyard areas. Owner-managed for the past 20 years, this property would significantly benefit from professional management, unlocking substantial upside potential.
This is a rare multifamily opportunity in the heart of Bend, just minutes from the Old Mill District and Deschutes River. The property offers immediate income with significant upside potential. It consists of two separate tax lots, offering the flexibility to sell them individually. The property boasts a strong rental history. Most rents are currently below market value, offering a clear opportunity for increased revenue. Professional management and care can unlock substantial growth in this rapidly developing and gentrifying neighborhood. Seller financing considered.
According to County Assessor records, the interior duplex units were built on site in 1979, while the exterior triplex units are older and were relocated to the site. The triplex buildings consist of 1-bedroom, 1-bath units, while the duplex buildings feature 2-bedroom, 1-bath units. Each unit is equipped with a refrigerator and oven/stove, with some also including dishwashers and washer/dryer hookups. The property offers ample parking with both on-site and street options, along with spacious courtyard areas. Owner-managed for the past 20 years, this property would significantly benefit from professional management, unlocking substantial upside potential.
PROPERTY FACTS Under Contract
| Price Per Unit | $190,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.48 AC |
| Cap Rate | 5.66% | Building Size | 6,280 SF |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden |
| Price Per Unit | $190,000 |
| Sale Type | Investment |
| Cap Rate | 5.66% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 6,280 SF |
| No. Stories | 1 |
| Year Built | 1979 |
| Opportunity Zone |
Yes |
Unit Amenities
- Kitchen
- Oven
- Range
- Tub/Shower
- Patio
- Window Coverings
Site Amenities
- 24 Hour Access
- Fenced Lot
- Trash Pickup - Curbside
- Bicycle Storage
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 570 |
| 2+1 | 4 | - | 715 |
zoning
| Zoning Code | RM (Residential Medium Density) |
| RM (Residential Medium Density) |
Learn More About Investing in Apartment Buildings
1 of 22
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
