Duplex with Detached
For Sale
$680,000
61071 Chuckanut Drive, Bend, OR 97702
Residential Income, Bend, OR
Property Size2,290 SF
Lot Size0.41 Acres
Price / SF$296.94
Days on Market70
Property Features for 61071 Chuckanut Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
RL
Parking features
Driveway, Tandem, Carport
Window features
Vinyl Frames, Double Pane Windows
Patio and Porch features
Deck, Porch
Interior features
Laminate Counters, Linen Closet, Open Floorplan, Primary Downstairs, Shower/Tub Combo
Appliances
Dishwasher, Dryer, Microwave, Oven, Range, Range Hood, Refrigerator, Washer, Water Heater
Subdivision
Romaine Village
Lot features
Fenced, Landscaped, Level, Wooded
View
Territorial
Elementary school
Elk Meadow Elem
Middle school
Cascade Middle
High school
Caldera High
Directions
From Brookswood Blvd, turn south onto Springcrest Dr, then right onto Chuckanut Dr. Continue on Chuckanut Dr to 61071.
Standard status
Active
APN
149952
Size
2,290 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1350
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air
Water source
Public
Amenities
large fenced backyard
deck
off-street parking
washers/dryers
Building Details
Year built
2023
Floors in Building
1
Number of units
2
Flooring type
Laminate, Vinyl, Carpet
Roof type
Composition
Architectural style
Other
Additional Structures
Guest House
Listing Agency:
Bend Premier Real Estate LLC
(541) 323-2779
Listed By:
David Joel Sailors
(541) 420-3910
Added: Jul 27
Changed: Oct 2
Last Checked: Oct 4 at 6:06PM
MLS# 220229300
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Set on 0.41 acres in Bend, this duplex property comprises a 1,500-square-foot primary residence and a detached accessory dwelling unit of nearly 800 square feet. The main home has three bedrooms and two baths; the ADU includes two bedrooms and one bath. Built in 2023, the primary residence is complemented by the ADU, completed in 2024.
The property includes a fenced backyard, deck, porch, carport, and driveway parking. Both residences have washers and dryers, and public water and sewer serve the site. Interior features include an open floor plan, laminate counters, and a primary bedroom on the main level.
The property includes a fenced backyard, deck, porch, carport, and driveway parking. Both residences have washers and dryers, and public water and sewer serve the site. Interior features include an open floor plan, laminate counters, and a primary bedroom on the main level.
Key Highlights
- Two residences: a 1,500‑square‑foot primary home and detached ADU of nearly 800 square feet
- Primary residence built in 2023; detached ADU completed in 2024
- Three bedrooms and two baths in the main home; two bedrooms and one bath in the ADU
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
$32,125
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
4.72%
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%
$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
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
$49.5K $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 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%
$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 4.72%
Second Best
Apartment 5plus
$419.0K
$366.6K – $488.8K
NOI $29,327 @ 7.0% cap · market cap 4.31%
Theoretical Best
Specialty Retail
$989.3K
$865.6K – $1.15M
NOI $69,250 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately leased homes offer a combined residential footprint suited to income-producing ownership.
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 $680,000.
What are key features of this property?
This property features: Two residences: a 1,500‑square‑foot primary home and detached ADU of nearly 800 square feet; Primary residence built in 2023; detached ADU completed in 2024; Three bedrooms and two baths in the main home; two bedrooms and one bath in the ADU
