Craftsman Duplex with Attached
363 SW Garfield Avenue, Bend, OR 97702
For Sale
$765,000
Both residences feature two vaulted master suites, private bathrooms, and outdoor patios.
Property Size2,472 SF
Price / SF$309.47
Days on Market138
Property Features for 363 SW Garfield Avenue
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
walking trails
outdoor patios
Ceiling Fan(s)
Pantry
Shower/Tub Combo
Vaulted Ceiling(s)
Building Details
Building Size
Year Built
Stories
Units
Construction
Listing Agency:
Invest in Bend Real Estate
(541) 508-7532
Listed By:
Ian Kristopher Berg
(541) 848-7687
Source:
Desertskyrealestate
Added: Jun 25
Changed: Nov 8
Last Checked: Nov 8 at 8:51AM
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 Invest in Bend Real Estate
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Investment Insights
Based on property information with market context.
Built in 2004, this RM-zoned duplex totals 2,472 square feet and contains two residences. Each has an open floor plan, two vaulted master suites, private bathrooms, and a Jack-and-Jill shower. Attached garages serve the units, while patios and landscaped grounds provide outdoor space. The property has a history of low vacancy, and a rental pro forma is available upon request.
The duplex is in Bend’s Old Mill District and backs onto the COID canal and walking trails.
The duplex is in Bend’s Old Mill District and backs onto the COID canal and walking trails.
Key Highlights
- 2,472‑square‑foot duplex built in 2004
- Each residence has two vaulted master suites and private bathrooms
- Attached garages and outdoor patios
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,678
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$693,560
$693.6K
Cap Rate 7%
$495,400
$495.4K
Cap Rate 9%
$385,311
$385.3K
Market Conditions
NOI Build-Up for 2,472 SF
Gross rent
$53.4K $21.60/SF
− Vacancy
−$3.9K −$1.56/SF
EGI
$49.5K $20.04/SF
− OpEx
−$14.9K −$6.01/SF
NOI
$34.7K $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%
$693,560
Cap Rate 7%
$495,400
Cap Rate 9%
$385,311
Alternative Uses
Best Use
Multifamily LT 5
$495.4K
$433.5K – $578.0K
NOI $34,678 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$452.3K
$395.7K – $527.6K
NOI $31,658 @ 7.0% cap · market cap 4.14%
Theoretical Best
Specialty Retail
$1.07M
$934.4K – $1.25M
NOI $74,753 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
950
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
$620,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Deschutes County, OR
Properties on Market for Duplexes in Deschutes County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature two vaulted master suites, private bathrooms, and outdoor patios.
Where is this duplex located?
The property is located at 363 SW Garfield Avenue Bend, OR.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: 2,472‑square‑foot duplex built in 2004; Each residence has two vaulted master suites and private bathrooms; Attached garages and outdoor patios
