Duplex with Attached
For Sale
$650,000
61367 Sally Lane #1 & 2, Bend, OR 97702
Both residences have fenced yards, with a recently updated interior in one unit.
Property Size2,495 SF
Price / SF$260.52
Days on Market81
Property Features for 61367 Sally Lane #1 & 2
General Information
Standard status
Active
Size
2,495 SF
Property subtype
Residential Income
Zoning
M
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,761
Amenities
fenced yards
Breakfast Bar
Laminate Counters
Linen Closet
Open Floorplan
Pantry
Solid Surface Counters
Shower/Tub Combo
Fiberglass Stall Shower
High Speed Internet
Building Details
Building Size
2,495 SF
Year Built
2005
Stories
2
Units
2
Listing Agency:
Bend Premier Real Estate LLC
(541) 323-2779
Listed By:
Diane Lozito
(541) 548-3598
Source:
Desertskyrealestate
Added: Aug 5
Changed: Oct 23
Last Checked: Oct 23 at 5:34PM
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 Bend Premier Real Estate LLC
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Investment Insights
Based on property information with market context.
Built in 2005, this 2,495 SF duplex contains two residences with attached garages and fenced yards. Unit 1 measures 1,412 SF and has three bedrooms, 2.5 baths, and a two-car garage. Recent updates include new counters, paint, and laminate flooring. Unit 2 is 1,083 SF, with two bedrooms, 1.5 baths, and a one-car garage; it is currently leased.
The property is near the Old Mill District and has access to the Bend Parkway. Downtown Bend is about 10 minutes away. Zoning is M.
The property is near the Old Mill District and has access to the Bend Parkway. Downtown Bend is about 10 minutes away. Zoning is M.
Key Highlights
- 2,495 SF duplex built in 2005
- Unit 1: 1,412 SF, 3 bedrooms, 2.5 baths, and an attached 2‑car garage
- Unit 1 updates include new counters, paint, and laminate flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,001
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,020
$700.0K
Cap Rate 7%
$500,014
$500.0K
Cap Rate 9%
$388,900
$388.9K
Market Conditions
NOI Build-Up for 2,495 SF
Gross rent
$53.9K $21.60/SF
− Vacancy
−$3.9K −$1.56/SF
EGI
$50.0K $20.04/SF
− OpEx
−$15.0K −$6.01/SF
NOI
$35.0K $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%
$700,020
Cap Rate 7%
$500,014
Cap Rate 9%
$388,900
Alternative Uses
Best Use
Multifamily LT 5
$500.0K
$437.5K – $583.4K
NOI $35,001 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$456.5K
$399.4K – $532.6K
NOI $31,953 @ 7.0% cap · market cap 4.92%
Theoretical Best
Specialty Retail
$1.08M
$943.1K – $1.26M
NOI $75,449 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have fenced yards, with a recently updated interior in one unit.
Where is this duplex located?
The property is located at 61367 Sally Lane #1 & 2 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: 2,495 SF duplex built in 2005; Unit 1: 1,412 SF, 3 bedrooms, 2.5 baths, and an attached 2‑car garage; Unit 1 updates include new counters, paint, and laminate flooring
