Duplex with Attached
414 SE Railroad St, Bend, OR 97702
For Sale
New
$650,000
Two residences feature separate laundry areas, ductless heat pumps and a covered upper balcony.
Property Size1,536 SF
Price / SF$423.18
Days on Market2
Property Features for 414 SE Railroad St
General Information
Standard status
Size
Property subtype
Net Operating Income
Financials
Asking Price
Cap Rate
Gross Income
Average Monthly Rent
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
attached garage
covered upper balcony
dedicated laundry areas
granite countertops
ductless mini-split heat pumps
Building Details
Year Built
Listing Agency:
Home and Land Real Estate
Listed By:
Alice Lema, Principal Broker Home & Land
(541) 301-7980
Source:
Alicelema
Added: Nov 8
Last Checked: Nov 8 at 4:43PM
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.
Built in 2026, this duplex contains two residences with a combined 1,198 square feet of living area. The larger home offers 732 square feet with two bedrooms and two bathrooms; the second has 466 square feet, one bedroom and one bathroom. Property features include an attached garage, covered upper balcony, granite countertops, ductless mini-split heat pumps and laundry areas for each residence.
The property is at 414 SE Railroad Street in Southeast Bend, near the Old Mill District and the retail and services along SE 3rd Street.
The property is at 414 SE Railroad Street in Southeast Bend, near the Old Mill District and the retail and services along SE 3rd Street.
Key Highlights
- Two residences totaling 1,198 square feet of living area
- 732‑square‑foot residence with two bedrooms and two bathrooms
- 466‑square‑foot residence with one bedroom and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,548
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,960
$431.0K
Cap Rate 7%
$307,829
$307.8K
Cap Rate 9%
$239,422
$239.4K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$33.2K $21.60/SF
− Vacancy
−$2.4K −$1.56/SF
EGI
$30.8K $20.04/SF
− OpEx
−$9.2K −$6.01/SF
NOI
$21.5K $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%
$430,960
Cap Rate 7%
$307,829
Cap Rate 9%
$239,422
Alternative Uses
Best Use
Multifamily LT 5
$307.8K
$269.4K – $359.1K
NOI $21,548 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$281.0K
$245.9K – $327.9K
NOI $19,671 @ 7.0% cap · market cap 3.03%
Theoretical Best
Specialty Retail
$663.6K
$580.6K – $774.2K
NOI $46,449 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,824
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
$620,600
Median Home Value
Market
Average Price Trend$/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 - Two residences feature separate laundry areas, ductless heat pumps and a covered upper balcony.
Where is this duplex located?
The property is located at 414 SE Railroad St Bend, OR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two residences totaling 1,198 square feet of living area; 732‑square‑foot residence with two bedrooms and two bathrooms; 466‑square‑foot residence with one bedroom and one bathroom
