Multifamily Property with
New
For Sale
$2,399,000
20550 EMPIRE AVE, Bend, OR 97701
Recent construction includes central air, forced-air heating, and a gas water heater.
Property Size9,708 SF
Days on Market6
Property Features for 20550 EMPIRE AVE
General Information
Standard status
Active
Size
9,708 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
RH
Taxes and HOA fees
Annual Taxes
$2,842
Amenities
Central Air, ENERGY STAR Qualified Equipment
ENERGY STAR Qualified Equipment, Forced Air
Gas Water Heater
City, Mountain(s)
Garage, On Street
Building Details
Building Size
9,708 SF
Year Built
2022
Stories
3
Listing Agency:
Coldwell Banker Bain
Listed By:
Brent Barker · License #201232075
(602) 697-7769
Source:
Evrealestate
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 5:51PM
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 Coldwell Banker Bain
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 2022, this multifamily property has central air, forced-air heating, and a gas water heater. ENERGY STAR Qualified Equipment is also noted among the building features.
The property is in Bend, Oregon, in Deschutes County, near the Empire Avenue and Boyd Acres Road intersection. The setting includes city and mountain views, with garage and on-street parking listed.
The property is in Bend, Oregon, in Deschutes County, near the Empire Avenue and Boyd Acres Road intersection. The setting includes city and mountain views, with garage and on-street parking listed.
Key Highlights
- Built in 2022
- Central air and forced‑air heating
- ENERGY STAR Qualified Equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,327
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,486,540
$2.5M
Cap Rate 7%
$1,776,100
$1.8M
Cap Rate 9%
$1,381,411
$1.4M
Market Conditions
NOI Build-Up for 9,708 SF
Gross rent
$244.6K $25.20/SF
− Vacancy
−$18.6K −$1.92/SF
EGI
$226.0K $23.28/SF
− OpEx
−$101.7K −$10.48/SF
NOI
$124.3K $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%
$2,486,540
Cap Rate 7%
$1,776,100
Cap Rate 9%
$1,381,411
Alternative Uses
Best Use
Apartment 5plus
$1.78M
$1.55M – $2.07M
NOI $124,327 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.19M
$3.67M – $4.89M
NOI $293,570 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Location Intelligence
Trade Area within ½ mile
859
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Recent construction includes central air, forced-air heating, and a gas water heater.
Where is this multifamily property located?
The property is located at 20550 EMPIRE AVE Bend, OR.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: Built in 2022; Central air and forced‑air heating; ENERGY STAR Qualified Equipment
