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About the Listing EXPL05 - CORDINER
Rare opportunity to acquire a fully occupied, 12-unit multifamily portfolio in a desirable NE Bend cul-de-sac. Spread across six duplexes on three separate tax lots, this asset presents a stable income stream with multiple exit strategies and potential for future value growth. Significant capital improvements have been made, including new siding, updated windows, and rebuilt decks, reducing near-term expenses and boosting tenant retention. Each 1,046 sq. ft. unit features 2 bedrooms, 1.5 baths, in-unit washer/dryer hookups, a wood stove, and private rear deck. The functional two-level layout includes a kitchen, living area, and half bath on the main floor, with bedrooms, full bath, and laundry closet upstairs. Additional features include 7 detached garages that are rented individually and a semi-private greenbelt with mature trees. Interior finishes vary, allowing for upside through strategic unit upgrades. Located minutes from major employers, Pine Nursery Park, Costco, hospital, and dining hotspots, this portfolio is well-positioned for consistent returns and long-term appreciation. This property is professionally managed and has been pre-inspected.
Listing Highlights for 2025 NE Neil Way
Status
Active
Days on Site
72
Property Type
Multi-Family
MLS ®
428951739
Year Built
1978
Total Square Footage
12,561
Lot/Acreage
0.89
Interior Details
- Bedrooms: 24
- Bathrooms: 24 Full
- Appliances:
- Air Cond:
- Heating: Baseboard,Wood Stove
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Crawl Space
- Other:
- Water: Public Water
Exterior Details
- Lot Description: Cul-de-sac,Level,Private
- Garage Capacity: 7 car
- Parking Spaces: 12
- Zoning: MR
- Roof: Composition
- Others: Approximately
- Sewer: Public Sewer
- Parking Features: Driveway,Off Street
Financial Details
- Tax Amount: $19,620
- Taxes w/Assessments: N/A
- Tax/Property ID: 100390
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
2025 NE Neil Way Bend, OR 97701
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