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Laurel Grey & Red Hawk Apartments 2 Multifamily Properties in Bend, OR
Investment Highlights
- Demographic tailwinds fuel renter demand: Median home prices nearly $800,000 continue to price out ownership for remote workers
- Medical Employment Hub: Located within a high-employment medical corridor with approximately 366,760 SF of medical space in use within 1 mile
- Lifestyle-driven migration: The Deschutes River, Cascade Mountains, and year-round outdoor recreation, including skiing, hiking, cycling, fishing, etc
Executive Summary
Premier 76-unit luxury multifamily portfolio in Bend, Oregon, combining two institutional-quality assets—Red Hawk (48 units, built 2021) and Laurel Grey (28 units, built 2023)—delivering modern, high-demand 1- and 2-bedroom residences in one of the nation’s fastest-growing markets.
Red Hawk (48 units, 2021 vintage): Features spacious 1- and 2-bedroom layouts averaging 761 sq ft, with in-unit washer/dryer, high-speed internet readiness, mountain views and private patios/balconies in select units, and surface parking; current average rent of $1,894 is 3.4% below market, providing immediate value-add rental upside.
Laurel Grey (28 units, 2023 vintage): Offers contemporary 1- and 2-bedroom floorplans averaging 735 sq ft, equipped with in-unit washer/dryer, high-speed internet infrastructure, select mountain-view units with patios/balconies, and covered carports; in-place average rent of $1,820 sits 5.9% below market, positioning the asset for strong near-term income growth.
Red Hawk (48 units, 2021 vintage): Features spacious 1- and 2-bedroom layouts averaging 761 sq ft, with in-unit washer/dryer, high-speed internet readiness, mountain views and private patios/balconies in select units, and surface parking; current average rent of $1,894 is 3.4% below market, providing immediate value-add rental upside.
Laurel Grey (28 units, 2023 vintage): Offers contemporary 1- and 2-bedroom floorplans averaging 735 sq ft, equipped with in-unit washer/dryer, high-speed internet infrastructure, select mountain-view units with patios/balconies, and covered carports; in-place average rent of $1,820 sits 5.9% below market, positioning the asset for strong near-term income growth.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 76,000 SF |
| Number of Properties | 2 | Total Land Area | 2.72 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 76,000 SF |
| Total Land Area | 2.72 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Red Hawk
2333 NE Holliday Ave, Bend, OR 97701 |
Multifamily | 48,000 SF | 2022 | - |
|
Laurel Grey
2031-2037 NE Holliday Ave, Bend, OR 97701 |
Multifamily | 28,000 SF | 2024 | - |
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