Exceptional investment opportunity! This well-managed and maintained 8-plex in Bend's desirable midtown offers convenience with its proximity to Orchard Park, shopping, dining, and excellent walkability. Each 4-plex is situated on a separate tax lot, making the property eligible for residential lending on each individual 4-plex. Each single-level unit features 2 bedrooms and 1 bathroom, supported by a strong rental history. There is potential for additional units and opportunity for future growth. All units are equipped with gas wall furnaces and private decks, with units offering upgrades such as tiled showers, new paint and flooring. Some units also include window A/C units for enhanced comfort. Parking is ample with 4 designated spaces and additional guest spots. All units are currently occupied. Showings are easy to arrange! Don't miss this rare chance to own a pair of well well-kept 4-plex properties in a sought-after location, offering both stability and expansion!
Closed
$1,899,000
475 NE Underwood Ave, Bend, OR 97701
8beds
0baths
6,000sqft
Multi Family
Built in 1968
-- sqft lot
$939,900 Zestimate®
$317/sqft
$2,055 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: February 10, 2025 at 01:58pm
Listed by:
Ninebark Real Estate 541-728-3009
Bought with:
Knightsbridge International
Source: Oregon Datashare,MLS#: 220194004

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 0
Heating
- Natural Gas, Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Dryer, Microwave, Oven, Range, Refrigerator, Washer, Water Heater
Features
- Fiberglass Stall Shower, Laminate Counters, Primary Downstairs, Tile Counters, Tile Shower
- Flooring: Carpet, Laminate, Vinyl
- Windows: Double Pane Windows, Vinyl Frames
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 6,000
- Total interior livable area: 6,000 sqft
Property
Parking
- Parking features: Asphalt, Parking Lot
Features
- Levels: One
- Stories: 1
- Exterior features: Courtyard
- Fencing: Fenced
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.53 Acres
- Features: Landscaped, Native Plants
Details
- Additional parcels included: Tax Map Number - 171228CB04501
- Parcel number: 197179
- Zoning description: RH
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Block, Concrete, Frame
- Foundation: Block, Stemwall
- Roof: Composition
Condition
- New construction: No
- Year built: 1968
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Community
- Community features: Access to Public Lands, Park, Playground
Location
- Region: Bend
- Subdivision: Riverside
Other
Other facts
- Listing terms: Cash,Contract,Conventional
- Road surface type: Paved
Services availability

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