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Renovated Apartment Building
For Sale
$7,500,000

1215 NW Portland Avenue, Bend, OR 97703

Commercial Sale, Bend, OR

Property Size14,650 SF
Lot Size0.66 Acres
Price / SF$511.95
Days on Market41

Property Features for 1215 NW Portland Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning description RM
Parking features Parking Lot
Window features Double Pane Windows
Patio and Porch features Patio, Deck, Porch
Fireplace 1
Standard status Active
APN 167859
Size 14,650 SF
Lot size 0.66 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 24928

Utilities

Sewer type Public Sewer
Heating system Ductless (Heating), Natural Gas, Fireplace(s)
Cooling system Ductless
Water source Public

Building Details

Year built 1973
Floors in Building 2
Number of units 16
Flooring type Vinyl
Building materials Frame
Roof type Metal, Composition
Listing Agency: RE/MAX Key Properties · RE/MAX International
Listed By: Ryan Amerongen · License #OR 201209792
Added: Jul 22 Changed: Aug 30 Last Checked: Aug 31 at 3:06PM
MLS# 220225763

Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This apartment building contains 14,650 square feet on a 0.66-acre parcel and was built in 1973. Renovation work was completed in 2021. The frame construction includes vinyl flooring, composition and metal roofing, fireplaces, ductless heating and cooling, and natural gas heating. Porches, patios, decks, and a parking lot are part of the property’s physical improvements.

Individually platted condominium units provide a defined ownership structure within the multifamily asset. The property is served by public water and public sewer. Its location is 1215 NW Portland Avenue in Bend, Oregon.

Key Highlights

  • 14,650‑square‑foot apartment building on 0.66 acres
  • Renovated in 2021; original construction dates to 1973
  • Individually platted condominium units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Storage Facility Tanning Salon Pet Store Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

541
Businesses Nearby

Demographics for 97703, OR

32,475
Population
16,032
Households
2
Avg Household Size
45
Median Age
60%
College-Educated
98%
High-School Grad
269.8 sq mi
ZIP Area
120
Density / Sq Mi
$118,160
Median Household Income
$52,182
Median Earnings
$1,831
Median Rent
$915,900
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Renovated in 2021 with individually platted condominium units, outdoor spaces, parking, and public water and sewer.
Where is this apartment building located?
The property is located at 1215 NW Portland Avenue Bend, OR.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 14,650‑square‑foot apartment building on 0.66 acres; Renovated in 2021; original construction dates to 1973; Individually platted condominium units
More about this property
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