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    FOR SALE
    Quadplexes

    404 SE Railroad St Bend, OR 97702

    Built 1971
    Individually Owned 1-yr Hold
    Property ID
    US71-1769042
    404 SE Railroad St, Bend, OR 97702 For Sale 1 / 32
    $1,050,000
    404 SE Railroad St, Bend, OR 97702
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    Property summary
    AI-generated overview

    SELLER CARRIED loan available, cash preferred. Ideal terms include 20% minimum down, 6% interest fixed, term negotiable. Additional discount offered for all cash sale. All cash price $1,000,000.The Railroad Apartments are comprised of four total units built in 1971 with a complete interior and exterior remodel completed in 2022/23. Upgrades include, but are not limited to, new roof, siding, windows/sliders, parking lot, landscaping, electrical, upgraded kitchens and bathrooms, flooring, new stackable washers/dryers installed and new Mini Split air conditioning units for all apartment units. In addition, a full asbestos remediation was recently completed as part of the remodel. Tenants have access to off-street parking with over 8 spaces available. The unit-mix is comprised of all 1bd/1ba units at approximately 598 square feet each.

    Property profile
    Verified
    Property type Quadplexes
    Year built 1971
    UPID US71-1769042
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    David Cowan · 1 yrs held
    David Cowan
    since 2025
    5 recorded transactions
    2025
    Price N/A
    2025
    Price N/A
    2023
    Price N/A
    2021
    $536,000
    2020
    $417,500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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