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4-Plex with Spectacular River Views 931 NW Carlon Ave 4 Unit Apartment Building $1,500,000 ($375,000/Unit) Bend, OR 97703
Investment Highlights
- Excellent west side location near downtown Bend
- Three units recently renovated
- Private decks and storage lockers for each unit
- Stunning views of Deschutes River, Whitewater Park, and McKay Park
- In-unit washer/dryers
- Potential seller financing
Executive Summary
Exciting 4-plex investment opportunity totaling 4,416 SF in one of Bend’s most sought-after west side settings, just steps from the Deschutes River Trail, Old Mill District, and downtown core. Positioned to capture stunning riverfront surroundings and immediate access to Bend’s premier outdoor recreation, dining, and entertainment amenities, this 0.23-acre property offers an exceptional lifestyle-driven location that consistently attracts strong tenant demand. Built in 1978 and zoned Residential Medium Density (RM), the property features a desirable unit mix of two 3 bed, 1.5 bath units and two 2 bed, 1.5 bath units, with three units recently renovated. Each unit includes in-unit washer and dryers, private decks, dedicated storage, and on site parking. Highly walkable and vibrant riverfront neighborhood.
Property Facts Under Contract
| Price | $1,500,000 | Lot Size | 0.23 AC |
| Price Per Unit | $375,000 | Building Size | 4,416 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 4 | Year Built | 1978 |
| Property Type | Multifamily | Parking Ratio | 0.91/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | RM - Residential Medium Density | ||
| Price | $1,500,000 |
| Price Per Unit | $375,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,416 SF |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 0.91/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM - Residential Medium Density |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 2 | - | - |
| 2+1.5 | 2 | - | - |
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 149602 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $366,260 |
Property Taxes
Parcel Number
149602
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$366,260
Contacts
-
Ron Ross -
Terry ONeil -
Luke Ross -
Dan Kemp -
Emilio Tiscareno -
Compass Commercial Real Estate Services
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4-Plex with Spectacular River Views | 931 NW Carlon Ave
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