Duplex with Fenced
For Sale
$675,000
Pending
20008 Elizabeth Lane, Bend, OR 97702
Each residence has an attached garage and a separate fenced yard for outdoor use.
Property Size2,939 SF
Days on Market43
Property Features for 20008 Elizabeth Lane
General Information
Standard status
Pending
Size
2,939 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$4,963
Amenities
private fenced yards
Building Details
Building Size
2,939 SF
Year Built
2001
Listing Agency:
The Agency Bend
Listed By:
Grant Marshall Ludwick
Source:
Nexus360realty
Added: Sep 21
Changed: Oct 30
Last Checked: Oct 30 at 2:05AM
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 The Agency Bend
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Investment Insights
Based on property information with market context.
Built in 2001, this duplex contains two residences, each with 3 bedrooms, 2.5 bathrooms, and an attached one-car garage. Each unit also has its own fenced yard, providing separate outdoor space.
The property is near parks, schools, shopping, dining, and the Deschutes River in Bend, Oregon.
The property is near parks, schools, shopping, dining, and the Deschutes River in Bend, Oregon.
Key Highlights
- Two residences, each with 3 bedrooms and 2.5 bathrooms
- An attached one‑car garage serves each unit
- Separate fenced yards for both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,229
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$824,580
$824.6K
Cap Rate 7%
$588,986
$589.0K
Cap Rate 9%
$458,100
$458.1K
Market Conditions
NOI Build-Up for 2,939 SF
Gross rent
$63.5K $21.60/SF
− Vacancy
−$4.6K −$1.56/SF
EGI
$58.9K $20.04/SF
− OpEx
−$17.7K −$6.01/SF
NOI
$41.2K $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 Rate 5%
$824,580
Cap Rate 7%
$588,986
Cap Rate 9%
$458,100
Alternative Uses
Best Use
Multifamily LT 5
$589.0K
$515.4K – $687.2K
NOI $41,229 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$537.7K
$470.5K – $627.3K
NOI $37,639 @ 7.0% cap · market cap 5.58%
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,875 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has an attached garage and a separate fenced yard for outdoor use.
Where is this duplex located?
The property is located at 20008 Elizabeth Lane Bend, OR.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2.5 bathrooms; An attached one‑car garage serves each unit; Separate fenced yards for both residences
