Lockout-Configured Short-Term Rental
New
For Sale
$760,000
19717 Mount Bachelor #UNIT 603, Bend, OR 97702
A separate front bedroom and bath can function as a lockout unit alongside the main residence.
Property Size1,719 SF
Price / SF$442.12
Days on Market3
Property Features for 19717 Mount Bachelor #UNIT 603
General Information
Standard status
Active
Size
1,719 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/3BA
Multifamily Units
1
Amenities
pool
hot tubs
game room
fireside room
playground
Building Details
Year Built
1993
Listing Agency:
Home and Land Real Estate
Listed By:
Alice Lema, Principal Broker Home & Land
(541) 301-7980
Source:
Alicelema
Added: Nov 1
Last Checked: Nov 3 at 6:39AM
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 Home and Land Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,719-square-foot condo has three bedrooms and three bathrooms, with a front bedroom and bath that can operate as a separate lockout unit. The property was built in 1993 and has been fully renovated. Floor-to-ceiling windows, skylights, and upper and lower decks are among its interior and exterior features, with views of the city, Old Mill, and Pilot Butte described from the rooms. A garage provides additional storage space.
The condo is in Mt. Bachelor Village, with access to an outdoor pool, two hot tubs, a game room, a fireside room, and a playground. The Deschutes River Trail is accessible from the area, and downtown, the Old Mill, restaurants, golf courses, trails, and Mount Bachelor Ski and Snowboard Resort are nearby.
The condo is in Mt. Bachelor Village, with access to an outdoor pool, two hot tubs, a game room, a fireside room, and a playground. The Deschutes River Trail is accessible from the area, and downtown, the Old Mill, restaurants, golf courses, trails, and Mount Bachelor Ski and Snowboard Resort are nearby.
Key Highlights
- 1,719‑square‑foot condo with three bedrooms and three bathrooms
- Front bedroom and bath can be separated as a lockout unit
- Fully renovated; built in 1993
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,015
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,300
$440.3K
Cap Rate 7%
$314,500
$314.5K
Cap Rate 9%
$244,611
$244.6K
Market Conditions
NOI Build-Up for 1,719 SF
Gross rent
$43.3K $25.20/SF
− Vacancy
−$3.3K −$1.92/SF
EGI
$40.0K $23.28/SF
− OpEx
−$18.0K −$10.48/SF
NOI
$22.0K $12.81/SF
Area
Bend, OR
Vacancy
7.60%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,300
Cap Rate 7%
$314,500
Cap Rate 9%
$244,611
Alternative Uses
Best Use
Apartment 5plus
$314.5K
$275.2K – $366.9K
NOI $22,015 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$742.6K
$649.8K – $866.4K
NOI $51,983 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
226
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Short term rental property - A separate front bedroom and bath can function as a lockout unit alongside the main residence.
Where is this short term rental property located?
The property is located at 19717 Mount Bachelor #UNIT 603 Bend, OR.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: 1,719‑square‑foot condo with three bedrooms and three bathrooms; Front bedroom and bath can be separated as a lockout unit; Fully renovated; built in 1993
