$3,563,815
$236K PRICE DROP

51395 Preble Way La Pine, OR 97739

Estimated payment $21,268/month

Total Views 3,077
-- Bed
-- Bath
13,860 Sq Ft
$257 Price per Sq Ft

Highlights

  • Traditional Architecture
  • 1-Story Property
  • Forced Air Heating and Cooling System
  • No HOA

About This Home

The site is improved with a 14 unit multi family development constructed in 2021 and is made up of 14 - three bedroom, two bathroom permanently affixed manufactured homes. This income producing development is located in Central Oregon in the up and coming town of La Pine. It's close to Sunriver, Bend and all the outdoor adventures that draw people to Central Oregon. Rental rates are due to increase early next year only adding to the attractive 6.5 cap rate based on current year to date numbers.

Listing Agent

Peter Lowes

Knightsbridge International Brokerage Phone: 541-312-2113 License #950300172

Co-Listing Agent

Troy Batson

Knightsbridge International Brokerage Phone: 541-312-2113 License #200410321

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,524

Year Built

  • Built in 2021

Lot Details

  • 1.44 Acre Lot
  • No Common Walls

Home Design

  • Traditional Architecture
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Modular or Manufactured Materials

Interior Spaces

  • 1-Story Property
  • Laminate Flooring

Parking

  • Driveway
  • Assigned Parking

Schools

  • Lapine Elementary School
  • Lapine Middle School
  • Lapine Sr High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 14 Units
  • Lapine Subdivision

Listing and Financial Details

  • Assessor Parcel Number 115024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,524

Year Built

Built in 2021

Lot Details

0

Listing Details

  • Architectural Style: Traditional
  • Unit Levels: One
  • Lot Size Acres: 1.44
  • Prop. Type: Residential Income
  • New Construction: No
  • Property Sub Type: Multi Family
  • Subdivision Name: Lapine
  • Year Built: 2021
  • Attribution Contact: 541-312-2113
  • Co List Office Mls Id: ocKBIRE
  • Co List Office Phone: 541-312-2113
  • Co List Office Phone: 541-312-2113
  • MLS Status: Active
  • ResoBuildingAreaSource: Assessor
  • General Property Information:Zoning2: CRMX
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Common Walls:No Common Walls: Yes
  • Flooring Laminate: Yes
  • Foundation Details PillarPostPier: Yes
  • Levels:One: Yes
  • Architectural Style Traditional: Yes
  • Utilities:Electricity Connected: Yes
  • Cooling:Central Air: Yes
  • Roof:Composition: Yes
  • Utilities:Natural Gas Connected: Yes
  • Utilities Cable Connected: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Laminate

Exterior Features

  • Common Walls: No Common Walls
  • Construction Type: Manufactured House
  • Foundation Details: Pillar/Post/Pier
  • Roof: Composition

Garage/Parking

  • Parking Features: Asphalt, Assigned, Driveway, Storage
  • Attached Garage: No
  • Parking Features:Driveway: Yes
  • Parking Features:Asphalt: Yes
  • Parking Features:Assigned: Yes

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: LaPine Elem
  • High School: LaPine Sr High
  • Middle Or Junior School: LaPine Middle

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 62726.4
  • Parcel #: 115024
  • ResoLotSizeUnits: Acres
  • Zoning Description: CRMX
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 14

Tax Info

  • Tax Annual Amount: 16524.22
  • 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
12/12/2024 12/12/24 Price Changed $3,563,815 -6.2% $257 / Sq Ft
10/21/2024 10/21/24 For Sale $3,800,000 -- $274 / Sq Ft
Source: Southern Oregon MLS

Source: Southern Oregon MLS

MLS Number: 220191675

Southern Oregon MLS

Oregon Deschutes County La Pine 97739

51395 Preble Way, La Pine, OR

Homes for Sale in La Pine, OR

This home is located at 51395 Preble Way, La Pine, OR 97739 and is currently priced at $3,563,815, approximately $257 per square foot. This property was built in 2021. 51395 Preble Way is a home located in Deschutes County with nearby schools including Rosland Elementary School, La Pine Middle School, and La Pine Senior High School.

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Peter Lowes
Listing Agent
Peter Lowes
Section Image
Knightsbridge International
(541) 788-2444