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    Property profile & analytics

    550 Franklin Ave, Unit 548 Bend, OR 97703-2896

    • Apartment buildings
    • 1,197 SF
    OFF-MARKET
    Value Estimation
    $595,000
    Last Sale
    Feb 08, 2024
    $598,000
    Location Intelligence
    Property ID
    US71-1257622
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kelly Johnson - Go Bend Homes, Real Estate / Real Estate Agent
    • Bend Premier Real Estate: William Raven / Real Estate Agent
    • Atanacio Rico & Associates, INC. American Family Insurance / Insurance Agency
    • Lumbermens Insurance & Risk Solutions / Insurance Agency
    • Peter Jones Real Estate / Real Estate Agent

    Property Details for 550 Franklin Ave

    Year built
    2006
    Property size
    1,197 SF
    Property type
    Apartment buildings
    APN
    171232 DB 60507
    APU
    171232DB60507

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $600,000

    • CAP approach

      CAP return
      Estimation
      6%
      $590,000
      6.5%
      $565,000
      7%
      $515,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $660,000
      Geo Method
      $545,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $490,000
      Retail
      $595,000
      Mixed-Use
      $525,000
      Hospitality
      $480,000
      Educational
      $610,000
      Residential Income
      $650,000
      Energy
      $610,000
      Income-Based Land
      $630,000
      Food Service
      $650,000

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.313
    Latitude
    44.0575
    CBSA code
    13460
    CBSA name
    BEND, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,719
    $0.00
    $0.00
    $295,160
    -
    $0.00
    $728,150
    $728,150

    Comparable in this City

    • Value Estimation by Request
      5,760 SF

      2150 Hl St

      APARTMENT HOUSE (5+ UNITS) • 5,760 SF
      2150 Hl St, Bend, OR 97703-1373
      View Details
    • Value Estimation
      $75,000
      2,978 SF

      1655 Portland Ave

      APARTMENT HOUSE (5+ UNITS) • 2,978 SF
      1655 Portland Ave, Bend, OR 97703-1456
      View Details
    • Value Estimation by Request
      5,855 SF

      734 Broadway St

      APARTMENT HOUSE (5+ UNITS) • 5,855 SF
      734 Broadway St, Bend, OR 97703-2721
      View Details
    • Value Estimation
      $915,000
      0.58 Acres

      2745 Ordway Ave

      APARTMENT HOUSE (5+ UNITS) • 0.58 Acres
      2745 Ordway Ave, Bend, OR 97703-6742
      View Details
    • Value Estimation by Request
      6,548 SF

      141 Georgia Ave

      APARTMENT HOUSE (5+ UNITS) • 6,548 SF
      141 Georgia Ave, Bend, OR 97703-2821
      View Details
    • Value Estimation
      $790,000
      1,139 SF

      550 Franklin Ave, Unit 518

      APARTMENT HOUSE (5+ UNITS) • 1,139 SF
      550 Franklin Ave, Bend, OR 97703-2896
      View Details

    Similar Nearby for Sale

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      Recently renovated, high-demand studio apartments near downtown Bend.
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      0.32 Acres

      Downtown Bend Mixed-Use Land

      Prime .32-acre redevelopment site
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    Similar Nearby for Lease

    • $10 SF/Yr
      2,700 SF

      Bend Warehouse Space Available

      Industrial warehouse, 1,350 sq ft vacant
      63025 O. B. Riley Rd, Bend, OR 97703
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    • $40 SF/Yr
      6,000 SF

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      Bend, OR retail space: 1,500-6,000 sq ft.
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    • $24 SF/Yr
      367,856 SF

      Cascade Village Shopping Center

      Bend, OR Retail Opportunity
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    • $30 SF/Yr
      4,896 SF

      Bend River Promenade Retail Spaces

      Prime Bend, OR retail space; multiple units available.
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    • $2 SF/Yr
      6,160 SF

      Adaptable Retail Space For Rent

      1,800 SF adaptable space ideal for various business types.
      1458 NW College Way, Bend, OR 97703
      View Details
    • $36 SF/Yr
      5,937 SF

      Bend Executive Suites - Grove Location

      Modern Office Space, 3 Suites Available
      2838 Crossing Dr, Bend, OR 97703
      View Details
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    Bend, OR 97703-2896
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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