Townhouse-Style
New
For Sale
$720,000
14 Se Mckinley Ave, Bend, OR 97702
Both homes are leased and feature attached garages, hard-surface flooring, and washer and dryer hookups.
Property Size2,956 SF
Price / SF$243.57
Days on Market6
Property Features for 14 Se Mckinley Ave
General Information
Standard status
Active
Size
2,956 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,085
Building Details
Year Built
2003
Buildings
1
Listing Agency:
Utopia Real Estate
(503) 914-1111
Listed By:
Jennifer Underhill · License #201232344
(503) 995-3156
Source:
Exprealty
Added: Oct 17
Changed: Oct 21
Last Checked: Oct 21 at 1:58AM
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 Utopia Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2003, this duplex contains 2,956 square feet across two matching townhouse-style homes. Each residence offers 1,478 square feet, three bedrooms, two-and-a-half bathrooms, an attached garage, and washer and dryer hookups. Interior features include open living areas and hard-surface flooring. Both homes are tenant-occupied.
The property is in Bend’s Southern Crossing neighborhood, minutes from the Old Mill District. Shopping, dining, and outdoor recreation are also identified as nearby area amenities.
The property is in Bend’s Southern Crossing neighborhood, minutes from the Old Mill District. Shopping, dining, and outdoor recreation are also identified as nearby area amenities.
Key Highlights
- Two tenant‑occupied residences
- 2,956 total square feet; each unit has 1,478 square feet
- Each home includes 3 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,468
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,360
$829.4K
Cap Rate 7%
$592,400
$592.4K
Cap Rate 9%
$460,756
$460.8K
Market Conditions
NOI Build-Up for 2,956 SF
Gross rent
$63.8K $21.60/SF
− Vacancy
−$4.6K −$1.56/SF
EGI
$59.2K $20.04/SF
− OpEx
−$17.8K −$6.01/SF
NOI
$41.5K $14.03/SF
Area
Bend, OR
Vacancy
7.22%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,360
Cap Rate 7%
$592,400
Cap Rate 9%
$460,756
Alternative Uses
Best Use
Multifamily LT 5
$592.4K
$518.4K – $691.1K
NOI $41,468 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$540.8K
$473.2K – $630.9K
NOI $37,856 @ 7.0% cap · market cap 5.26%
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,389 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,696
Businesses Nearby
Explore this area
Business Placement
Demographics for 97702, OR
51,161
Population
23,318
Households
2.2
Avg Household Size
42
Median Age
46%
College-Educated
96%
High-School Grad
103.5 sq mi
ZIP Area
494
Density / Sq Mi
$89,094
Median Household Income
$47,743
Median Earnings
$1,825
Median Rent
$620,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both homes are leased and feature attached garages, hard-surface flooring, and washer and dryer hookups.
Where is this duplex located?
The property is located at 14 Se Mckinley Ave Bend, OR.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Two tenant‑occupied residences; 2,956 total square feet; each unit has 1,478 square feet; Each home includes 3 bedrooms and 2.5 bathrooms
