- 100% leased 10-unit multifamily asset
- Two buildings totaling ±12,314 SF on 0.56 acres
- Eight two-bedroom apartments and two one-bedroom units
- Attached garages included with all two-bedroom units
- $16,650 per month current gross rent
- Current rents below projected market rents
- Documented unit upgrades across multiple interiors
- Desirable medical center location near St. Charles
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.
Fully Leased Multifamily Investment with Rent Growth Potential
Location
East Bend
Property Type
Multifamily
Cap Rate
4.89%
Total Building Size
±12,314 SF
Number of Units
10
PPSF
$210
Property Highlights
