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2025 NE Neil Way, 
Bend, OR 97701

$3,150,000


Bed


Bath


12,561

Sq Ft


Multi-Family

Active

Listed by

Dawn Cordiner

eXp Realty, LLC.

888-814-9613

Last updated:

June 27, 2025, 05:21 PM

MLS#

428951739

Source:

PORTLAND

About This Home

2025 NE Neil Way

Rare opportunity to acquire a fully occupied, 12-unit multifamily portfolio in a desirable NE Bend cul-de-sac. Spread across six duplexes on three separate tax lots, this asset presents a stable income stream with multiple exit strategies and potential for future value growth. Significant capital improvements have been made, including new siding, updated windows, and rebuilt decks, reducing near-term expenses and boosting tenant retention. Each 1,046 sq. ft. unit features 2 bedrooms, 1.5 baths, in-unit washer/dryer hookups, a wood stove, and private rear deck. The functional two-level layout includes a kitchen, living area, and half bath on the main floor, with bedrooms, full bath, and laundry closet upstairs. Additional features include 7 detached garages that are rented individually and a semi-private greenbelt with mature trees. Interior finishes vary, allowing for upside through strategic unit upgrades. Located minutes from major employers, Pine Nursery Park, Costco, hospital, and dining hotspots, this portfolio is well-positioned for consistent returns and long-term appreciation. This property is professionally managed and has been pre-inspected.

Home Facts

Multi-Family

Built in 1978

Price Summary

3,150,000

$250 per Sq. Ft.

MLS #:

428951739

Last Updated:

June 27, 2025, 05:21 PM

Added:

3 day(s) ago


Rooms & Interior

Interior

Living Area:

12,561 Sq. Ft.


Structure

Structure

Building Area:

12,561 Sq. Ft.

Year Built:

1978


Lot

Lot Size (Sq. Ft):

38,768


Finances & Disclosures

Finances

Price:

$3,150,000

Price per Sq. Ft:

$250 per Sq. Ft.

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All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Coldwell Banker Farley Company are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2025 RMLS, Portland, Oregon. Last updated: June 27, 2025

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