Turn-Key Duplex Investment
For Sale
$629,000
726 NE Savannah Drive, Bend, OR 97701
MULTI_FAMILY - Other - Bend, OR
Property Size1,988 SF
Lot Size0.19 Acres
Price / SF$316.40
Days on Market46
Property Features for 726 NE Savannah Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RES
Parking features
Open, Driveway
Window features
Double Pane Windows
Patio and Porch features
Porch
Appliances
Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer
Subdivision
Pilot Butte Park Est
Lot features
Landscaped, Level
Elementary school
Juniper Elem
Middle school
Pilot Butte Middle
High school
Bend Sr High
Standard status
Active
APN
194745
Size
1,988 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4383
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
2000
Floors in Building
1
Number of units
2
Flooring type
Carpet, Laminate
Roof type
Composition
Architectural style
Other
Listing Agency:
Real Broker
(855) 450-0442
Listed By:
Stephanie Peters
(503) 799-0220
Added: Jul 10
Changed: Aug 1
Last Checked: Aug 24 at 8:06PM
MLS# 220225032
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 turn-key duplex is set up for immediate occupancy, with leases already in place. Each unit features two bedrooms and two bathrooms with functional layouts designed for everyday living. The duplex includes updated in-unit appliances such as washer/dryer, refrigerator, and ovens, plus a mix of carpet and laminate flooring.
The property includes a porch and parking with an open driveway, supported by public water and public sewer services. The roof is composition, and heating is forced air. Built in 2000, the duplex sits on a 0.19-acre lot totaling 1,988 square feet.
For tenants, each unit offers a straightforward two-bedroom, two-bath configuration, while owners benefit from the duplex structure and existing lease coverage.
The property includes a porch and parking with an open driveway, supported by public water and public sewer services. The roof is composition, and heating is forced air. Built in 2000, the duplex sits on a 0.19-acre lot totaling 1,988 square feet.
For tenants, each unit offers a straightforward two-bedroom, two-bath configuration, while owners benefit from the duplex structure and existing lease coverage.
Key Highlights
- Leased duplex with two‑bedroom, two‑bath units
- 0.19‑acre lot totaling 1,988 SF
- Built in 2000 with forced‑air heating
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
$27,888
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
4.43%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,370
Businesses Nearby
Explore this area
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
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 - Turn-key duplex with two-bedroom, two-bath units, porch, forced-air heat, and appliances included.
Where is this duplex located?
The property is located at 726 NE Savannah Drive 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: Leased duplex with two‑bedroom, two‑bath units; 0.19‑acre lot totaling 1,988 SF; Built in 2000 with forced‑air heating
