Updated Duplex with Attached
For Sale
$650,000
61367 Sally Ln #1 & 2, Bend, OR 97702
Two distinct residences include fenced outdoor areas and a remodeled larger unit with flexible occupancy options.
Property Size2,495 SF
Price / SF$260.52
Days on Market50
Property Features for 61367 Sally Ln #1 & 2
General Information
Standard status
Active
Size
2,495 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 1BR/1.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
fenced yards
Building Details
Year Built
2005
Listing Agency:
Home and Land Real Estate
Listed By:
Alice Lema, Principal Broker Home & Land
(541) 301-7980
Source:
Alicelema
Added: Sep 5
Changed: Oct 19
Last Checked: Oct 23 at 6:33AM
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 Home and Land Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2005 duplex contains 2,495 SF across two attached residences. Unit 1 offers 1,412 SF, three bedrooms, 2.5 baths, and a two-car attached garage; recent improvements include new countertops, interior paint, and laminate flooring. Unit 2 provides 1,083 SF with one bedroom, 1.5 baths, and a one-car attached garage. Each side has a fenced yard.
Unit 1 is available for occupancy, while Unit 2 is leased. The property is situated near the Old Mill District and approximately 10 minutes from downtown Bend, with access to the Bend Parkway. Nearby recreational context includes parks, theaters, mountain lakes, and rivers.
Unit 1 is available for occupancy, while Unit 2 is leased. The property is situated near the Old Mill District and approximately 10 minutes from downtown Bend, with access to the Bend Parkway. Nearby recreational context includes parks, theaters, mountain lakes, and rivers.
Key Highlights
- 2,495 SF duplex built in 2005
- Unit 1: 1,412 SF, 3 bedrooms, 2.5 baths, and a 2‑car attached garage
- Unit 2: 1,083 SF, 1 bedroom, 1.5 baths, and a 1‑car attached garage
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 - Two distinct residences include fenced outdoor areas and a remodeled larger unit with flexible occupancy options.
Where is this duplex located?
The property is located at 61367 Sally Ln #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 a 2‑car attached garage; Unit 2: 1,083 SF, 1 bedroom, 1.5 baths, and a 1‑car attached garage
