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468 NE Olney Ave - 466 & 468 Olney Duplex 2 Unit Apartment Building Offered at $822,858 CAD Bend, OR 97701

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Investment Highlights

Property consists of two income-producing apartments with consistent monthly rents
Below market rents
Highly sought-after rental location

Excellent location in the heart of Bend
Recent upgrades to bathrooms and kitchens

Executive Summary

This duplex at 466 & 468 NE Olney Ave. offers two income-producing two-bedroom units with stable tenants in place, generating a total of $3,320 in monthly rent. Priced at $599,000, the property sits on a 7,405 SF lot with 1,600 SF of building space and includes three onsite parking spaces. Recent kitchen and bathroom upgrades, below-market rents, and a highly desirable location contribute to its strong investment appeal. With an estimated NOI of $28,471.20, this asset presents solid cash flow and upside potential in a competitive rental market.

Marketing Flyer 02.26

Property Facts

Price	$822,858 CAD	Lot Size	0.17 AC
Price Per Unit	$411,429 CAD	Building Size	1,600 SF
Sale Type	Investment	Average Occupancy	100%
No. Units	2	No. Stories	1
Property Type	Multifamily	Year Built	1948
Apartment Style	Garden	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RH - Residential High Density

Price	$822,858 CAD
Price Per Unit	$411,429 CAD
Sale Type	Investment
No. Units	2
Property Type	Multifamily
Apartment Style	Garden
Lot Size	0.17 AC
Building Size	1,600 SF
Average Occupancy	100%
No. Stories	1
Year Built	1948
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RH - Residential High Density