$1,800,000
SOLD FEB 21, 2025

3 SW Mckinley Ave Bend, OR 97702

Southern Crossing Neighborhood
-- Bed
-- Bath
6,280 Sq Ft
0.48 Acres

Recently Sold

$287 Per Sq Ft

5% Below List Price

100 Days on Market

Highlights

  • 0.48 Acre Lot
  • Deck
  • No HOA
  • Pine Ridge Elementary School Rated A-
  • Ranch Style House
  • Courtyard

About This Home

As of February 2025

BIG PRICE REDUCTION! Rare multifamily investment opportunity in the heart of Bend, Oregon! A+ location in SW Bend. Value add opportunity. This 10-unit multifamily property is strategically located on 2 separate tax lots, so can be sold separately. Excellent rental history. Consistently high occupancy rates, providing steady cash flow. Long-term tenants and strong rental performance.
Great Upside Potential: Opportunity to increase rents and improve NOI through professional management. Many of the rents are significantly below market.
See attached documents with offering memorandum with more information including rent roll and financials. Seller financing considered.

Last Agent to Sell the Property

Ron Ross

Compass Commercial Real Estate License #810304204

Compass Commercial Real Estate

Co-Listed By

Luke Ross

Compass Commercial Real Estate License #201209892

Last Buyer's Agent

Ron Ross

Compass Commercial Real Estate License #810304204

Compass Commercial Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,722

Year Built

  • Built in 1979

Lot Details

  • 0.48 Acre Lot
  • Two or More Common Walls
  • Additional Parcels

Home Design

  • Ranch Style House
  • Stem Wall Foundation
  • Frame Construction
  • Composition Roof
  • Metal Roof

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Parking

  • Shared Driveway
  • On-Street Parking
  • Parking Lot

Outdoor Features

  • Courtyard
  • Deck

Schools

  • Pine Ridge Elementary School
  • Cascade Middle School
  • Bend Sr High School

Utilities

  • No Cooling
  • Zoned Heating
  • Baseboard Heating
  • Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 10 Units
  • Bend Park Subdivision

Listing and Financial Details

  • Tax Lot 5501
  • Assessor Parcel Number 106645

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,722

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Architectural Style: Ranch
  • Unit Levels: One
  • Lot Size Acres: 0.48
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Multi Family
  • Road Surface Type: Paved
  • Subdivision Name: Bend Park
  • Year Built: 1979
  • Co List Office Mls Id: ocCCRE
  • Co List Office Phone: 541-383-2444
  • Co List Office Phone: 541-383-2444
  • MLS Status: Closed
  • ResoBuildingAreaSource: Assessor
  • General Property Information:Zoning2: RM
  • Road Surface Type:Paved: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal:Tax Lot: 5501
  • Appliances Refrigerators: Yes
  • Architectural Style Ranch: Yes
  • Levels:One: Yes
  • Flooring:Vinyl: Yes
  • Utilities:Electricity Connected: Yes
  • Flooring:Carpet: Yes
  • Roof:Composition: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Oven, Range, Refrigerator, Water Heater
  • Flooring: Carpet, Vinyl
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Appliances:Oven: Yes

Exterior Features

  • Common Walls: 2+ Common Walls
  • Construction Type: Frame
  • Exterior Features: Courtyard, Deck
  • Foundation Details: Stemwall
  • Roof: Composition, Metal
  • ConstructionSiding:Roof Metal: Yes
  • Exterior Features:Deck: Yes
  • Construction Materials:Frame: Yes
  • Exterior Features:Courtyard: Yes

Garage/Parking

  • Parking Features: Asphalt, On Street, Shared Driveway, Parking Lot
  • Attached Garage: No
  • Parking Features:Shared Driveway: Yes
  • Parking Features:Asphalt: Yes
  • Parking Features:On Street: Yes
  • Parking Features:Parking Lot: Yes

Utilities

  • Cooling: None
  • Heating: Baseboard, Electric, Zoned
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • HeatingYN: Yes
  • Water Heater: Yes
  • Heating:Electric2: Yes
  • Heating:Zoned2: Yes
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Pine Ridge Elem
  • High School: Bend Sr High
  • Middle Or Junior School: Cascade Middle

Lot Info

  • Additional Parcels Description: 6 SW Cleveland 181205DA TL 5504
  • Additional Parcels: Yes
  • Lot Size Sq Ft: 20908.8
  • Parcel #: 106645
  • ResoLotSizeUnits: Acres
  • Zoning Description: RM
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 10

Tax Info

  • Tax Annual Amount: 11722.0
  • Tax Lot: 5501
  • Tax Map Number: 181205DA
  • Tax Year: 2023

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2025 02/21/25 Sold $1,800,000 -5.3% $287 / Sq Ft
12/18/2024 12/18/24 Pending -- -- --
11/21/2024 11/21/24 For Sale $1,900,000 0.0% $303 / Sq Ft
11/06/2024 11/06/24 Pending -- -- --
10/24/2024 10/24/24 Price Changed $1,900,000 -9.5% $303 / Sq Ft
09/09/2024 09/09/24 For Sale $2,100,000 -- $334 / Sq Ft
Source: Southern Oregon MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,163 $368,090 -- --
2023 $5,713 $357,370 $0 $0
2022 $5,330 $327,410 $0 $0
2021 $5,189 $317,880 $0 $0
2020 $4,923 $317,880 $0 $0
2019 $4,786 $308,630 $0 $0
2018 $4,651 $299,650 $0 $0
2017 $4,514 $290,930 $0 $0
2016 $4,305 $282,460 $0 $0
2015 $4,186 $274,240 $0 $0
2014 $4,063 $266,260 $0 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,200,000 Seller Take Back
Source: Public Records

Deed History

Date Type Sale Price Title Company
Bargain Sale Deed -- None Listed On Document
Bargain Sale Deed -- First American Title
Bargain Sale Deed -- First American Title
Warranty Deed $1,800,000 First American Title
Source: Public Records

Source: Southern Oregon MLS

MLS Number: 220189564

Southern Oregon MLS

APN: 106645

Oregon Deschutes County Bend 97702 Southern Crossing

3 SW Mckinley Ave, Bend, OR

Homes for Sale in Bend, OR

This home is located at 3 SW Mckinley Ave, Bend, OR 97702 and is currently priced at $1,800,000, approximately $286 per square foot. This property was built in 1979. 3 SW Mckinley Ave is a home located in Deschutes County with nearby schools including Pine Ridge Elementary School, Cascade Middle School, and Bend Senior High School.

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