Renovated Multifamily Condominium
For Sale
$7,500,000
1215 Nw Portland Ave, Bend, OR 97703
Substantially renovated in 2021 with individually platted condo units and reported 100% occupancy.
Property Size14,650 SF
Price / SF$511.95
Days on Market93
Property Features for 1215 Nw Portland Ave
General Information
Standard status
Active
Size
14,650 SF
Property subtype
Commercial
Building Details
Year Built
1973
Listing Agency:
RE/MAX Key Properties
Listed By:
Ryan Amerongen (541)213-8967 · License #OR 201209792
(541) 728-0033
Source:
Portlandoregonhomelistings
Added: Jun 17
Changed: Sep 9
Last Checked: Sep 16 at 9:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Key Properties
Investment Insights
Based on property information with market context.
The Rapids on Portland is a multifamily property that was substantially renovated in 2021. The offering includes modern finishes and is reported to be 100% occupied. The property also features individually platted condominium units, providing potential flexibility through unit-by-unit sales.
The property is located at 1215 NW Portland Avenue in Bend, Oregon. Public remarks indicate strong in-place rents and a cash-flow profile with limited near-term capital needs.
From a configuration standpoint, the key differentiator is the combination of recently updated multifamily improvements and the individually platted condo structure, which can be relevant for buyers evaluating how the units may be packaged and sold in the future.
The property is located at 1215 NW Portland Avenue in Bend, Oregon. Public remarks indicate strong in-place rents and a cash-flow profile with limited near-term capital needs.
From a configuration standpoint, the key differentiator is the combination of recently updated multifamily improvements and the individually platted condo structure, which can be relevant for buyers evaluating how the units may be packaged and sold in the future.
Key Highlights
- Year built 1973; substantially renovated in 2021
- Individually platted condominium units for potential unit‑by‑unit sales
- Reported 100% occupancy
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
541
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Substantially renovated in 2021 with individually platted condo units and reported 100% occupancy.
Where is this apartment building located?
The property is located at 1215 Nw Portland Ave 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: Year built 1973; substantially renovated in 2021; Individually platted condominium units for potential unit‑by‑unit sales; Reported 100% occupancy
