Two-Unit Duplex with Updated
For Sale
$629,000
726 NE Savannah DR, Bend, OR 97701
Leases are already in place across both residences, each offering a two-bedroom, two-bathroom layout.
Property Size1,988 SF
Price / SF$316.40
Days on Market78
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Property Features for 726 NE Savannah DR
General Information
Standard status
Active
Size
1,988 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2000
Listing Agency:
Pearson Properties, LLC
Listed By:
Nick Shivers Team | eXp Realty
(503) 594-0805
Source:
Nickshivers
Added: Jul 30
Changed: Oct 15
Last Checked: Oct 14 at 11:09PM
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 Pearson Properties, LLC
Investment Insights
Based on property information with market context.
Built in 2000, this Bend duplex contains 1,988 square feet across two residences. Each unit includes two bedrooms and two bathrooms, creating consistent layouts for residential occupancy. Existing leases are in place, and the property includes updated washers, dryers, refrigerators, and ovens.
The property is located at 726 NE Savannah DR on Bend’s Northeast side, near Pilot Butte. The surrounding area provides access to hiking trails, shopping, dining, and Central Oregon outdoor recreation. With two separately configured residences and established rental occupancy, the property offers a straightforward multifamily format for continued residential use.
The property is located at 726 NE Savannah DR on Bend’s Northeast side, near Pilot Butte. The surrounding area provides access to hiking trails, shopping, dining, and Central Oregon outdoor recreation. With two separately configured residences and established rental occupancy, the property offers a straightforward multifamily format for continued residential use.
Key Highlights
- Duplex with 2 residences totaling 1,988 square feet
- Each unit includes 2 bedrooms and 2 bathrooms
- Leases already in place across both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,888
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,760
$557.8K
Cap Rate 7%
$398,400
$398.4K
Cap Rate 9%
$309,867
$309.9K
Market Conditions
NOI Build-Up for 1,988 SF
Gross rent
$42.9K $21.60/SF
− Vacancy
−$3.1K −$1.56/SF
EGI
$39.8K $20.04/SF
− OpEx
−$12.0K −$6.01/SF
NOI
$27.9K $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%
$557,760
Cap Rate 7%
$398,400
Cap Rate 9%
$309,867
Alternative Uses
Best Use
Multifamily LT 5
$398.4K
$348.6K – $464.8K
NOI $27,888 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$363.7K
$318.3K – $424.3K
NOI $25,460 @ 7.0% cap · market cap 4.05%
Theoretical Best
Specialty Retail
$858.8K
$751.5K – $1.00M
NOI $60,117 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,370
Businesses Nearby
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Business Placement
Demographics for 97701, OR
42,159
Population
19,020
Households
2.2
Avg Household Size
38
Median Age
42%
College-Educated
94%
High-School Grad
311.8 sq mi
ZIP Area
135
Density / Sq Mi
$77,969
Median Household Income
$47,431
Median Earnings
$1,700
Median Rent
$567,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Leases are already in place across both residences, each offering a two-bedroom, two-bathroom layout.
Where is this duplex located?
The property is located at 726 NE Savannah DR Bend, OR.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Duplex with 2 residences totaling 1,988 square feet; Each unit includes 2 bedrooms and 2 bathrooms; Leases already in place across both units
