Duplex with Detached
For Sale
$660,000
61071 Chuckanut Drive, Bend, OR 97702
Leases are in place across the two residences, which offer separate living spaces on one property.
Property Size2,290 SF
Price / SF$288.21
Days on Market34
Property Features for 61071 Chuckanut Drive
General Information
Standard status
Active
Size
2,290 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Gross Income
$45,600
Taxes and HOA fees
Annual Taxes
$1,349
Amenities
fenced backyard
deck
washer/dryer
Building Details
Building Size
2,290 SF
Year Built
2023
Buildings
2
Listing Agency:
Side
Listed By:
Nexus 360 Realty
(541) 610-5063
Source:
Nexus360realty
Added: Sep 29
Changed: Oct 30
Last Checked: Oct 30 at 2:07AM
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 Side
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Investment Insights
Based on property information with market context.
This duplex property includes a 1,500-square-foot primary residence built in 2023 and a detached accessory dwelling unit completed in 2024. The main home has three bedrooms and two baths; the ADU provides two bedrooms and one bath. Together, the residences total 2,290 square feet, with washers and dryers, off-street parking, a deck, and a fenced backyard.
The property is in Bend near the Old Mill District, with shopping, dining, parks, and trails in the surrounding area. Both residences have leases in place, offering an existing two-unit rental arrangement.
The property is in Bend near the Old Mill District, with shopping, dining, parks, and trails in the surrounding area. Both residences have leases in place, offering an existing two-unit rental arrangement.
Key Highlights
- Two residences totaling 2,290 square feet
- Primary home built in 2023; detached ADU completed in 2024
- Main residence: 1,500 SF, 3 bedrooms, and 2 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,125
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,500
$642.5K
Cap Rate 7%
$458,929
$458.9K
Cap Rate 9%
$356,944
$356.9K
Market Conditions
NOI Build-Up for 2,290 SF
Gross rent
$49.5K $21.60/SF
− Vacancy
−$3.6K −$1.56/SF
EGI
$45.9K $20.04/SF
− OpEx
−$13.8K −$6.01/SF
NOI
$32.1K $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%
$642,500
Cap Rate 7%
$458,929
Cap Rate 9%
$356,944
Alternative Uses
Best Use
Multifamily LT 5
$458.9K
$401.6K – $535.4K
NOI $32,125 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$419.0K
$366.6K – $488.8K
NOI $29,327 @ 7.0% cap · market cap 4.44%
Theoretical Best
Specialty Retail
$989.3K
$865.6K – $1.15M
NOI $69,250 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
154
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Leases are in place across the two residences, which offer separate living spaces on one property.
Where is this duplex located?
The property is located at 61071 Chuckanut Drive Bend, OR.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Two residences totaling 2,290 square feet; Primary home built in 2023; detached ADU completed in 2024; Main residence: 1,500 SF, 3 bedrooms, and 2 baths
