Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    268 SE 15Th St, Unit unit 268/270 Bend, OR 97702

    Sponsored
    For Sale
    Pending
    $599,000

    MULTI_FAMILY - Ranch - Bend, OR

    Type:Single Family Residence
    Property size:
    1,930 SF
    Lot size:
    0.30 Acres
    Days on Market:
    7
    Last Refresh:
    Feb 27 at 12:06 pm

    Property Features for 268 SE 15Th St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    TransactionType
    Standard
    Standard status
    Pending
    APN
    106023
    Parking features
    Driveway
    Patio and Porch features
    Patio
    Interior features
    Ceiling Fan(s), Fiberglass Stall Shower, Laminate Counters
    Appliances
    Range, Refrigerator
    Size
    1,930 SF
    Lot size
    0.30 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1972
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Vinyl, Laminate, Carpet
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Janet McNown
    Janet McNown

    Stellar Realty Northwest (541) 508-3148

    Listing agent Janet McNown (541) 508-3148

    Listing date Feb 21, 2026

    MLS# 220215478 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Bend Duplex on Corner Lot

    This duplex is situated on a large corner lot in Bend, offering the potential for additional units. The property features mirror-image units, each with 2 bedrooms, 1 bathroom, and a large living room/dining room area that includes a slider to the fenced backyard. Each unit also has a galley-style kitchen with laundry facilities and a single-car garage. There is ample off-street parking available. A newer furnace has been installed. The property is fully rented with a solid rental history. It is conveniently located near a bus route, shopping centers, and schools, and is across the street from parks. The property has a total size of 1930 square feet and sits on a 0.3-acre lot. The property is located in Deschutes County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.283443
    Latitude
    44.047247

    Nearby Similar for Sale

    • $329,900
      1,920 SF

      Bend, OR Shop on Land

      Shop on .57 acre lot with fenced wrap-around driveway.
      17037 Downey Rd, Bend, OR 97707
      View Details
    • $699,000
      0.16 Acres

      Bend Mixed-Use Property For Sale

      Two-unit property near Downtown Bend, a blank canvas for reimagination.
      15 NW Franklin Ave, Bend, OR 97703
      View Details
    • $289,900
      2,000 SF

      New Bend Shop on Recreational Lot

      Custom-built 40x50 shop on a half-acre recreational lot.
      17109 Indio Rd, Bend, OR 97707
      View Details
    • $299,000
      2,000 SF

      Spacious Shop on Large Lot

      2.54-acre lot with 2,000 sq ft pole barn.
      17410 Cedar Ct, Bend, OR 97707
      View Details
    • New
      $1,385,000
      2,583 SF

      Tumalo Hobby Farm with Cascade Views

      Updated 4.34-acre retreat with mountain views, irrigation, and flex building.
      65821 Cori Way, Bend, OR 97703
      View Details
    • $675,000
      1,880 SF

      Bend Retail Investment Opportunity

      Retail property in Bend's Galveston Corridor with strong tenant.
      1244 NW Galveston Ave, Bend, OR 97703
      View Details
    • $250,000
      Pending

      Thriving Bend Restaurant with Courtyard

      Turn-key restaurant with secret garden courtyard in downtown Bend.
      750 NW Lava Rd, Bend, OR 97703
      View Details
    • $3,250,000
      0.46 Acres

      Mixed-Use Building in Downtown Tumalo

      New mixed-use building suitable for retail, office, and manufacturing.
      19885 7Th St, Bend, OR 97703
      View Details
    • $289,900
      0.49 Acres

      New Custom Recreational Shop, Bend

      Custom-built shop on recreational lot near Deschutes River.
      17109 Indio Rd, Bend, OR 97707
      View Details
    • $249,000
      1,440 SF

      Waterfront Lot with New Metal Shop

      Half-acre lot with new shop near Deschutes River.
      17186 Milky Way, Bend, OR 97707
      View Details
    • $249,000
      0.51 Acres

      Versatile Property with Equipped Shop

      Well-appointed getaway with shop, RV, and storage.
      17107 Hermosa Rd, Bend, OR 97707
      View Details
    • New
      $599,000
      Pending

      Bend Duplex on Corner Lot

      Duplex with rental history, near amenities, on large corner lot.
      268 SE 15Th St, Bend, OR 97702
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex with rental history, near amenities, on large corner lot.
    Where is this duplex located?
    The property is located at 268 SE 15Th St, Unit unit 268/270 Bend, OR.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Huge corner lot with potential to add additional units.; - Duplex configuration: Two 2-bedroom, 1-bathroom units.; - Fully rented with solid rental history.
    (541) 580-0817
    Request Owner's contact information
    268 SE 15Th St, Unit unit 268/270 Bend, OR 97702
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    268 SE 15Th St, Unit unit 268/270
    Bend, OR 97702
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    268 SE 15Th St, Unit unit 268/270 Bend, OR 97702
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Janet McNown
    Janet McNown
    Real Estate License ID: 981000050
    (541) 580-0817 (541) 508-3148
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!