2422-2444 NE Conners Ave Bend, OR 97701

This fully leased 10-unit multifamily opportunity is located near St. Charles Medical Center in Bend. The property consists of two buildings totaling ±12,314 square feet and features eight spacious two-bedroom townhome-style apartments with attached garages and two one-bedroom units. Trailing 12-month scheduled gross income totals $180,720 annually ($15,060 per month), with current in-place rents now at $16,650 per month per the April 15, 2026, rent roll. The asset offers stable cash flow with measurable upside as rents continue to adjust to market in this proven Bend submarket. Offered at $2,585,000. Built in 1992, this 10-unit multifamily property is comprised of two well-designed residential buildings featuring primarily two-story, townhome-style layouts. The unit mix includes eight two-bedroom residences ranging from approximately 1,330 to 1,356 square feet and two one-bedroom units at approximately 740 square feet, offering larger floor plans than typical apartment product in the submarket. All two-bedroom units include attached garages. The wood-frame buildings feature pitched roofing and are arranged along a central drive aisle with direct garage access, surface parking, and adjacent street parking. The thoughtful layout, oversized units, and garage component create a residential feel that supports long-term tenant demand. The buildings are in pristine condition with well-appointed landscaping that supports long-term tenant retention and overall asset stability.