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53345 Riverview Dr - Established STR Riverfront 2 Unit Apartment Building Offered at $950,000 at a 9.70% Cap Rate La Pine, OR 97739
Investment Highlights
- Indoor Pool, Riverfront on the little Deschutes River, Theater room, 3 bay garage, Mountain views, new expansive deck!
Executive Summary
One of One. Set on 2.73 private acres with frontage on the Little Deschutes River, this established short-term rental offers a combination of amenities, flexibility, and income potential. Whether you're seeking a destination vacation rental, a family compound, or a primary residence with supplemental income opportunities, this property delivers. The main home features 2 bd (+ office), 2 bth, generous living spaces & an expansive deck to take advantage of the natural setting. Separate guest quarters offer an additional 2 bd & 2.5 bth (+ theater) & Mountain views! Creating flexibility for guests, multigenerational living, or potential rental opportunities.
What truly separates this property from anything else on the market is its amenity package: a 6-foot-deep indoor lap pool, oversized 3-bay garage, RV hookups, abundant parking for guests, and direct river access from your own property! Guests & owners alike enjoy easy access to what makes Central Oregon such a gem!
What truly separates this property from anything else on the market is its amenity package: a 6-foot-deep indoor lap pool, oversized 3-bay garage, RV hookups, abundant parking for guests, and direct river access from your own property! Guests & owners alike enjoy easy access to what makes Central Oregon such a gem!
Property Facts
| Price | $950,000 | Property Type | Multifamily |
| Price Per Unit | $475,000 | Apartment Style | Single-Family Home |
| Sale Type | Investment | Lot Size | 2.73 AC |
| Cap Rate | 9.70% | Building Size | 4,838 SF |
| Gross Rent Multiplier | 8.2 | No. Stories | 2 |
| No. Units | 2 | Year Built/Renovated | 1999/2007 |
| Zoning | RR10 & FP - Half property (near water front) is in the flood plane | ||
| Price | $950,000 |
| Price Per Unit | $475,000 |
| Sale Type | Investment |
| Cap Rate | 9.70% |
| Gross Rent Multiplier | 8.2 |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Lot Size | 2.73 AC |
| Building Size | 4,838 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1999/2007 |
| Zoning | RR10 & FP - Half property (near water front) is in the flood plane |
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Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 126970 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $346,150 |
Property Taxes
Parcel Number
126970
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$346,150
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53345 Riverview Dr - Established STR Riverfront
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