Duplex with Detached
For Sale
$680,000
61071 Chuckanut Dr, Bend, OR 97702
Two newer residences offer separate living spaces, outdoor amenities, parking, and in-place leases.
Property Size2,296 SF
Price / SF$296.17
Days on Market32
Property Features for 61071 Chuckanut Dr
General Information
Standard status
Active
Size
2,296 SF
Property subtype
Land
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$45,600
Amenities
fenced backyard
deck
off-street parking
washers and dryers
Building Details
Year Built
2023
Buildings
2
Listing Agency:
Cascade Hasson Sir
(541) 595-8444
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Jul 29
Changed: Aug 28
Last Checked: Aug 26 at 12:47PM
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 Cascade Hasson Sir
Investment Insights
Based on property information with market context.
This duplex property includes two newer residences with distinct living spaces. The primary home was built in 2023 and measures 1,500 SF with 3 bedrooms and 2 full baths. A detached ADU completed in 2024 adds just under 800 SF, with 2 bedrooms and 1 full bath. Leases are in place, and the property includes washers and dryers.
Outdoor features include a large fenced backyard, deck, and off-street parking. The property is located at 61071 Chuckanut Dr in Bend, near the Old Mill District, shopping, restaurants, parks, and walking and biking trails.
Outdoor features include a large fenced backyard, deck, and off-street parking. The property is located at 61071 Chuckanut Dr in Bend, near the Old Mill District, shopping, restaurants, parks, and walking and biking trails.
Key Highlights
- Two‑residence duplex property with leases in place
- 2023 primary residence with 1,500 SF, 3 bedrooms, and 2 full baths
- Detached ADU completed in 2024 with just under 800 SF, 2 bedrooms, and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,209
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$644,180
$644.2K
Cap Rate 7%
$460,129
$460.1K
Cap Rate 9%
$357,878
$357.9K
Market Conditions
NOI Build-Up for 2,296 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$49.6K $21.60/SF
− Vacancy
−$3.6K −$1.56/SF
EGI
$46.0K $20.04/SF
− OpEx
−$13.8K −$6.01/SF
NOI
$32.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$644,180
Cap Rate 7%
$460,129
Cap Rate 9%
$357,878
Alternative Uses
Best Use
Multifamily LT 5
$460.1K
$402.6K – $536.8K
NOI $32,209 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$420.1K
$367.6K – $490.1K
NOI $29,404 @ 7.0% cap · market cap 4.32%
Theoretical Best
Specialty Retail
$991.9K
$867.9K – $1.16M
NOI $69,431 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
154
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
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two newer residences offer separate living spaces, outdoor amenities, parking, and in-place leases.
Where is this duplex located?
The property is located at 61071 Chuckanut Dr Bend, OR.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Two‑residence duplex property with leases in place; 2023 primary residence with 1,500 SF, 3 bedrooms, and 2 full baths; Detached ADU completed in 2024 with just under 800 SF, 2 bedrooms, and 1 full bath
