Remodeled Duplex with Attached
For Sale
$699,000
61367 Sally Lane, Bend, OR 97702
Residential Income, Bend, OR
Property Size2,495 SF
Lot Size0.12 Acres
Price / SF$280.16
Days on Market31
Property Features for 61367 Sally Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
M
Parking features
Assigned, Open, On Street, Driveway
Window features
Double Pane Windows, Vinyl Frames
Interior features
Breakfast Bar, Fiberglass Stall Shower, Laminate Counters, Linen Closet, Open Floorplan, Pantry, Shower/Tub Combo, Solid Surface Counters
Appliances
Cooktop, Dishwasher, Disposal, Microwave, Oven, Range, Range Hood, Refrigerator, Washer, Water Heater
Subdivision
Porter James
Lot features
Fenced, Landscaped, Level
View
Territorial
Elementary school
Pine Ridge Elem
Middle school
Cascade Middle
High school
Bend Sr High
Directions
Hwy. 97 to Powers Exit/West. Left on Blakely, Rt. on Porter Pl., Rt. onto Sally Lane. On the left.
Standard status
Active
APN
246278
Size
2,495 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4762
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
fenced yards
Building Details
Year built
2005
Floors in Building
2
Number of units
2
Flooring type
Laminate, Vinyl, Carpet
Building materials
Frame
Roof type
Composition
Architectural style
Craftsman
Additional Structures
Gazebo
Listing Agency:
Bend Premier Real Estate LLC
(541) 323-2779
Listed By:
Diane Lozito
(541) 306-9646
Added: Aug 5
Changed: Sep 4
Last Checked: Sep 4 at 7:06PM
MLS# 220226551
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.
This 2,495-square-foot Craftsman duplex, built in 2005, includes two distinct residences with attached garages and fenced yards. The larger unit measures 1,412 square feet with three bedrooms, 2.5 baths, a two-car garage, and recent updates including new counters, paint, and laminate flooring. The second unit provides 1,083 square feet, one bedroom, 1.5 baths, and a one-car attached garage. Both residences include kitchens equipped with major appliances, while public water and public sewer serve the property.
The 0.12-acre property is located near Bend’s Old Mill District and approximately 10 minutes from downtown. The Bend Parkway provides access to area concerts, parks, theater, mountain lakes, and rivers. One unit is currently leased, while the other is available for occupancy.
The 0.12-acre property is located near Bend’s Old Mill District and approximately 10 minutes from downtown. The Bend Parkway provides access to area concerts, parks, theater, mountain lakes, and rivers. One unit is currently leased, while the other is available for occupancy.
Key Highlights
- 2,495‑square‑foot duplex on a 0.12‑acre lot
- Unit 1: 1,412 SF, 3 bedrooms, 2.5 baths, and attached 2‑car garage
- Unit 2: 1,083 SF, 1 bedroom, 1.5 baths, and attached 1‑car garage
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
$35,001
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
5.01%
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%
$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
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
$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 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%
$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 5.01%
Second Best
Apartment 5plus
$456.5K
$399.4K – $532.6K
NOI $31,953 @ 7.0% cap · market cap 4.57%
Theoretical Best
Specialty Retail
$1.08M
$943.1K – $1.26M
NOI $75,449 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
480
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 residences offer separate attached garages, fenced yards, and flexible occupancy options.
Where is this duplex located?
The property is located at 61367 Sally Lane Bend, OR.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2,495‑square‑foot duplex on a 0.12‑acre lot; Unit 1: 1,412 SF, 3 bedrooms, 2.5 baths, and attached 2‑car garage; Unit 2: 1,083 SF, 1 bedroom, 1.5 baths, and attached 1‑car garage
