Pending

475 NE Underwood Avenue

Bend OR, 97701

$1,899,000


$316.50 per sqft

Pending

8 Beds

4 Baths

6,000 sqft

Multi-family

Built in 1968

Courtesy of Ninebark Real Estate, Chandra Jean Bath

Exceptional investment opportunity! This well-managed and maintained 8-plex in Bend's desirable midtown offers convenience with its proximity to Orchard Park, shopping, dining, and excellent walkability. Each 4-plex is situated on a separate tax lot, making the property eligible for residential lending on each individual 4-plex. Each single-level unit features 2 bedrooms and 1 bathroom, supported by a strong rental history. There is potential for additional units and opportunity for future growth. All units are equipped with gas wall furnaces and private decks, with units offering upgrades such as tiled showers, new paint and flooring. Some units also include window A/C units for enhanced comfort. Parking is ample with 4 designated spaces and additional guest spots. All units are currently occupied. Showings are easy to arrange! Don't miss this rare chance to own a pair of well well-kept 4-plex properties in a sought-after location, offering both stability and expansion!

220194004

MLS ID

January 1, 2025

Listed

January 5, 2025

Updated

Map

475 NE Underwood Avenue
Bend OR, 97701

Interior Features

Total Stories

1


Bedrooms

8


Total Bathrooms

4


Full Bathrooms

4


Interior Features

Fiberglass Stall Shower, Laminate Counters, Primary Downstairs, Tile Counters, Tile Shower


Appliances

Dryer, Microwave, Oven, Range, Refrigerator, Washer, Water Heater


Floor Description

Carpet, Laminate, Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Natural Gas, Wall Furnace

Exterior/Building Features

Lot Size

0.53 Acres


Exterior Features

Courtyard, Deck


Lot Features

Fenced, Landscaped, Native Plants


Architectual Style

Traditional


Roof

Composition


Sewer

Public Sewer

School Information

School District

Square Feet


High School

Bend Sr High


Elementary School

Juniper Elem

Other Property Details

Taxes

$9,775


Tax Frequency

Annually


Days on Market

4


Garage

No


Parking

Asphalt, Parking Lot


Parking Total

6000


View

Yes


View Description

Territorial


County

Deschutes


Municipality

8


Water Source

Public


Pool

No


Zoning

RH

Green Building Features

Green Features

None

Listing History

Date

Event

Price

1/5/2025

Pending

 

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Data last updated 2:08 PM UTC, 1/5/2025

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