Fourplex with Attached Single-Car
For Sale
$1,300,000
1926 NE Sams Loop, Bend, OR 97701
Professionally managed fourplex with four leased units, each featuring dual-suite layouts, 2.5 baths, and an attached single-car garage.
Property Size4,578 SF
Price / SF$283.97
Days on Market115
Property Features for 1926 NE Sams Loop
General Information
Standard status
Active
Size
4,578 SF
Property subtype
Multi-family
Occupancy
100%
Additional Details
Business Included
No
Multifamily Units
4
Building Details
Year Built
1998
Tenancy
Multi
Listing Agency:
John L. Scott / Bend
Listed By:
Jacob Hailey
(877) 319-7625
Source:
Century21northhomes
Added: May 27
Changed: Sep 17
Last Checked: Sep 16 at 7:43PM
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 John L. Scott / Bend
Investment Insights
Based on property information with market context.
Professionally managed and meticulously maintained fourplex in Bend’s Pilot Butte area. The property includes four leased units, and each unit is described as having two primary suites, 2.5 baths, and an attached single-car garage. The offering is presented as having a long history of 100% occupancy.
The fourplex backs to Pilot Butte and is positioned near parks, schools, shopping, and recreation.
With dual-suite unit layouts and attached garages for each residence, the configuration supports a range of living arrangements while maintaining a consistent, apartment-style rental setup.
The fourplex backs to Pilot Butte and is positioned near parks, schools, shopping, and recreation.
With dual-suite unit layouts and attached garages for each residence, the configuration supports a range of living arrangements while maintaining a consistent, apartment-style rental setup.
Key Highlights
- Fourplex in Bend’s Pilot Butte area with 4 leased units
- Year built 1998
- Each unit offers approximately 1,144 sq. ft. with dual primary suites
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,222
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,284,440
$1.3M
Cap Rate 7%
$917,457
$917.5K
Cap Rate 9%
$713,578
$713.6K
Market Conditions
NOI Build-Up for 4,578 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$98.9K $21.60/SF
− Vacancy
−$7.1K −$1.56/SF
EGI
$91.7K $20.04/SF
− OpEx
−$27.5K −$6.01/SF
NOI
$64.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,284,440
Cap Rate 7%
$917,457
Cap Rate 9%
$713,578
Alternative Uses
Best Use
Multifamily LT 5
$917.5K
$802.8K – $1.07M
NOI $64,222 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$837.6K
$732.9K – $977.2K
NOI $58,629 @ 7.0% cap · market cap 4.51%
Theoretical Best
Specialty Retail
$1.98M
$1.73M – $2.31M
NOI $138,439 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,465
Businesses Nearby
Explore this area
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Professionally managed fourplex with four leased units, each featuring dual-suite layouts, 2.5 baths, and an attached single-car garage.
Where is this quadplex located?
The property is located at 1926 NE Sams Loop Bend, OR.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Fourplex in Bend’s Pilot Butte area with 4 leased units; Year built 1998; Each unit offers approximately 1,144 sq. ft. with dual primary suites
