Duplex with Private
For Sale
$789,995
Pending
61683 Daly Estates Drive, Bend, OR 97702
Residential Income, Bend, OR
Property Size2,352 SF
Lot Size0.29 Acres
Days on Market680
Property Features for 61683 Daly Estates Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RS
Parking features
Driveway, On Street
Window features
Vinyl Frames, Double Pane Windows, ENERGY STAR Qualified WIndows
Interior features
Breakfast Bar, Built-in Features, Laminate Counters, Linen Closet, Pantry, Primary Downstairs, Shower/Tub Combo, Tile Counters
Fireplace
1
Appliances
Dishwasher, Oven, Range, Range Hood, Water Heater
Subdivision
Daly Estates
Lot features
Drip System, Landscaped, Level, Native Plants, Sprinkler Timer(s), Sprinklers In Front, Sprinklers In Rear, Xeriscape Landscape
View
Territorial
Elementary school
Bear Creek Elem
Middle school
Pilot Butte Middle
High school
Bend Sr High
Standard status
Pending
APN
119554
Size
2,352 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2805
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1972
Floors in Building
1
Number of units
2
Flooring type
Laminate, Vinyl, Carpet
Building materials
Frame
Roof type
Metal
Architectural style
Ranch
Listing Agency:
RE/MAX Key Properties · RE/MAX International
(541) 728-0033
Listed By:
Anthony Luna Levison · License #201203445
(541) 728-0033
Added: Oct 10, 2024
Changed: Aug 19
Last Checked: Aug 20 at 7:06AM
MLS# 220191198
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 well-maintained ranch duplex offers thoughtfully designed living spaces in each unit, including full laundry and a single-car garage. Each unit is 1,176 SF with three bedrooms and one and a half bathrooms, plus a private, back yard. The oversized lot provides room to consider additional development, including the possibility of a third unit (buyer to complete due diligence with the city of Bend regarding any development).
Built in 1972, the property includes forced-air heating with natural gas. Interior finishes and features include laminate counters, tile counters, and built-in amenities, and the home has a metal roof. Appliances include a dishwasher, oven, range, range hood, and water heater. Parking is provided via driveway and on-street options.
Water is supplied by public source and sewer is public sewer.
Built in 1972, the property includes forced-air heating with natural gas. Interior finishes and features include laminate counters, tile counters, and built-in amenities, and the home has a metal roof. Appliances include a dishwasher, oven, range, range hood, and water heater. Parking is provided via driveway and on-street options.
Water is supplied by public source and sewer is public sewer.
Key Highlights
- 0.29‑acre duplex lot with potential for further development, including possible third unit (buyer to verify with city)
- Each unit offers 1,176 SF with 3 bedrooms and 1.5 bathrooms
- Full laundry space in each unit
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
$32,995
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
4.18%
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%
$659,900
$659.9K
Cap Rate 7%
$471,357
$471.4K
Cap Rate 9%
$366,611
$366.6K
Market Conditions
NOI Build-Up for 2,352 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
$50.8K $21.60/SF
− Vacancy
−$3.7K −$1.56/SF
EGI
$47.1K $20.04/SF
− OpEx
−$14.1K −$6.01/SF
NOI
$33.0K $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%
$659,900
Cap Rate 7%
$471,357
Cap Rate 9%
$366,611
Alternative Uses
Best Use
Multifamily LT 5
$471.4K
$412.4K – $549.9K
NOI $32,995 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$430.3K
$376.5K – $502.0K
NOI $30,121 @ 7.0% cap · market cap 3.81%
Theoretical Best
Specialty Retail
$1.02M
$889.1K – $1.19M
NOI $71,124 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
137
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 - Ranch duplex in SE Bend with full in-unit laundry, single-car garages, and private backyards for each unit.
Where is this duplex located?
The property is located at 61683 Daly Estates Drive Bend, OR.
What is the asking price?
The asking price for this property is $789,995.
What are key features of this property?
This property features: 0.29‑acre duplex lot with potential for further development, including possible third unit (buyer to verify with city); Each unit offers 1,176 SF with 3 bedrooms and 1.5 bathrooms; Full laundry space in each unit
