BIG PRICE REDUCTION! Rare multifamily investment opportunity in the heart of Bend, Oregon! A+ location in SW Bend. Value add opportunity. This 10-unit multifamily property is strategically located on 2 separate tax lots, so can be sold separately. Excellent rental history. Consistently high occupancy rates, providing steady cash flow. Long-term tenants and strong rental performance.
Great Upside Potential: Opportunity to increase rents and improve NOI through professional management. Many of the rents are significantly below market.
See attached documents with offering memorandum with more information including rent roll and financials. Seller financing considered.
Closed
$1,800,000
3 SW McKinley Ave, Bend, OR 97702
--beds
0baths
6,280sqft
Multi Family
Built in 1979
-- sqft lot
$1,764,700 Zestimate®
$287/sqft
$1,865 Estimated rent
Home value
$1,764,700
$1.62M - $1.92M
$1,865/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: February 24, 2025 at 12:11pm
Listed by:
Compass Commercial Real Estate 541-383-2444
Bought with:
Compass Commercial Real Estate
Source: Oregon Datashare,MLS#: 220189564
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard, Electric, Zoned
Cooling
- None
Appliances
- Included: Dishwasher, Oven, Range, Refrigerator, Water Heater
Features
- Flooring: Carpet, Vinyl
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 6,280
- Total interior livable area: 6,280 sqft
Property
Parking
- Parking features: Asphalt, On Street, Shared Driveway, Parking Lot
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Exterior features: Courtyard
Lot
- Size: 0.48 Acres
Details
- Additional parcels included: 6 SW Cleveland 181205DA TL 5504
- Parcel number: 106645
- Zoning description: RM
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Stemwall
- Roof: Composition,Metal
Condition
- New construction: No
- Year built: 1979
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Bend
- Subdivision: Bend Park
Other
Other facts
- Listing terms: Cash,Conventional,FHA,Owner Will Carry
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/21/2025 | Sold | $1,800,000-5.3%$287/sqft |
Source:  Oregon Datashare #220189564 | ||
| 12/19/2024 | Pending sale | $1,900,000$303/sqft |
Source: Oregon Datashare #220189564 | ||
| 11/21/2024 | Listed for sale | $1,900,000$303/sqft |
Source: Oregon Datashare #220189564 | ||
| 11/6/2024 | Pending sale | $1,900,000$303/sqft |
Source: Oregon Datashare #220189564 | ||
| 10/24/2024 | Price change | $1,900,000-9.5%$303/sqft |
Source: Oregon Datashare #220189564 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,163 +7.9% | $368,090 +6.1% |
| 2023 | $5,713 +4% | $346,970 |
| 2022 | $5,495 +5.9% | $346,970 +9.2% |
Find assessor info on the county website
Neighborhood: Southern Crossing
Nearby schools
GreatSchools rating
- 7/10Pine Ridge Elementary SchoolGrades: K-5Distance: 1.7 mi
- 10/10Cascade Middle SchoolGrades: 6-8Distance: 1.7 mi
- 5/10Bend Senior High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Pine Ridge Elem
- Middle: Cascade Middle
- High: Bend Sr High
Source: Oregon Datashare. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$1,764,700
2% more+ $35,294
With Zillow Showcase(estimated)
$1,799,994