2-Unit
For Sale
$649,000
2074 NE Chanel Court, Bend, OR 97701
Both residences are occupied and include private garages, laundry rooms and fenced outdoor areas.
Property Size2,376 SF
Price / SF$273.15
Days on Market87
Property Features for 2074 NE Chanel Court
General Information
Standard status
Active
Size
2,376 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RES
Occupancy
100%
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Gross Income
$39,000
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,158
Amenities
walk-in closets
breakfast bar
gas fireplace
dedicated laundry room
backyard patio
fenced in private outdoor space
Breakfast Bar
Ceiling Fan(s)
Linen Closet
Shower/Tub Combo
Walk-In Closet(s)
Building Details
Building Size
2,376 SF
Year Built
1998
Stories
1
Units
2
Listing Agency:
Real Broker
(855) 450-0442
Listed By:
Stephanie Peters
(503) 799-0220
Source:
Desertskyrealestate
Added: Aug 7
Changed: Oct 30
Last Checked: Oct 29 at 6:31PM
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 Real Broker
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Investment Insights
Based on property information with market context.
This 2,376-square-foot duplex in Bend contains two residences, each with 2 bedrooms and 2 bathrooms. Both units have walk-in closets, breakfast bars, gas fireplaces, dedicated laundry rooms, private one-car garages, an additional assigned parking space, backyard patios and fenced private outdoor areas. Carpet was replaced in 2023, and the property also has a newer microwave and dishwasher.
Set on a cul-de-sac on Bend’s northeast side near Pilot Butte, the property offers access to shopping, dining, recreation, the hospital and commuter routes. Built in 1998 and zoned RES, both units are tenant-occupied. Unit 2074 is on a month-to-month arrangement; unit 2076 is leased through December 2026.
Set on a cul-de-sac on Bend’s northeast side near Pilot Butte, the property offers access to shopping, dining, recreation, the hospital and commuter routes. Built in 1998 and zoned RES, both units are tenant-occupied. Unit 2074 is on a month-to-month arrangement; unit 2076 is leased through December 2026.
Key Highlights
- 2,376‑square‑foot duplex built in 1998
- Two 2‑bedroom, 2‑bathroom units
- Each residence has a private one‑car garage and an additional dedicated parking space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,331
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,620
$666.6K
Cap Rate 7%
$476,157
$476.2K
Cap Rate 9%
$370,344
$370.3K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$51.3K $21.60/SF
− Vacancy
−$3.7K −$1.56/SF
EGI
$47.6K $20.04/SF
− OpEx
−$14.3K −$6.01/SF
NOI
$33.3K $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%
$666,620
Cap Rate 7%
$476,157
Cap Rate 9%
$370,344
Alternative Uses
Best Use
Multifamily LT 5
$476.2K
$416.6K – $555.5K
NOI $33,331 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$434.7K
$380.4K – $507.2K
NOI $30,429 @ 7.0% cap · market cap 4.69%
Theoretical Best
Specialty Retail
$1.03M
$898.1K – $1.20M
NOI $71,850 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,756
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied and include private garages, laundry rooms and fenced outdoor areas.
Where is this duplex located?
The property is located at 2074 NE Chanel Court Bend, OR.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 2,376‑square‑foot duplex built in 1998; Two 2‑bedroom, 2‑bathroom units; Each residence has a private one‑car garage and an additional dedicated parking space
