Updated Two-Unit
1916 NE Wichita Way, Bend, OR 97701
For Sale
$624,000
Each residence has two bedrooms, one bathroom, and a private garage.
Property Size1,788 SF
Price / SF$348.99
Days on Market183
Property Features for 1916 NE Wichita Way
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Duke Warner Realty ERA Powered
Listed By:
Jason Michael Boone
Source:
Nexus360realty
Added: May 11
Changed: Nov 8
Last Checked: Nov 8 at 4:17PM
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 Duke Warner Realty ERA Powered
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Investment Insights
Based on property information with market context.
This single-level duplex contains 1,788 square feet across two residences, each configured with two bedrooms and one bathroom. Both units have updated flooring, bathrooms, select appliances, and kitchen countertops. Each residence also includes a private one-car garage, with additional parking on the property. The building was constructed in 1991 and occupies a corner lot.
One unit is furnished and leased for a mid-term stay through mid-December; the other was formerly used as a long-term rental. The property is near a hospital, medical offices, markets, neighborhood parks including Pilot Butte, and eateries.
One unit is furnished and leased for a mid-term stay through mid-December; the other was formerly used as a long-term rental. The property is near a hospital, medical offices, markets, neighborhood parks including Pilot Butte, and eateries.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,788 square feet in a single‑level duplex
- Private 1‑car garage for each unit, plus additional parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,083
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,660
$501.7K
Cap Rate 7%
$358,329
$358.3K
Cap Rate 9%
$278,700
$278.7K
Market Conditions
NOI Build-Up for 1,788 SF
Gross rent
$38.6K $21.60/SF
− Vacancy
−$2.8K −$1.56/SF
EGI
$35.8K $20.04/SF
− OpEx
−$10.7K −$6.01/SF
NOI
$25.1K $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%
$501,660
Cap Rate 7%
$358,329
Cap Rate 9%
$278,700
Alternative Uses
Best Use
Multifamily LT 5
$358.3K
$313.5K – $418.1K
NOI $25,083 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$327.1K
$286.2K – $381.6K
NOI $22,898 @ 7.0% cap · market cap 3.67%
Theoretical Best
Specialty Retail
$772.4K
$675.9K – $901.2K
NOI $54,069 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,643
Businesses Nearby
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Business Placement
Demographics for 97701, OR
42,159
Population
19,020
Households
2.2
Avg Household Size
38
Median Age
42%
College-Educated
94%
High-School Grad
311.8 sq mi
ZIP Area
135
Density / Sq Mi
$77,969
Median Household Income
$47,431
Median Earnings
$1,700
Median Rent
$567,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Deschutes County, OR
Properties on Market for Duplexes in Deschutes County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one bathroom, and a private garage.
Where is this duplex located?
The property is located at 1916 NE Wichita Way Bend, OR.
What is the asking price?
The asking price for this property is $624,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,788 square feet in a single‑level duplex; Private 1‑car garage for each unit, plus additional parking
