Four-unit property on the highly sought-after NE side, located in a quiet cul-de-sac and currently at 100% occupancy with strong, consistent rental income. Exteriors have been refreshed and the property has seen recent upgrades.
Each unit offers 2 bedrooms, 1.5 baths, and approximately 1,046 sq. ft. across two levels. Main level includes a functional kitchen, living room, half bath, and generous storage. Upstairs features two bedrooms, a full bath, and a dedicated laundry closet with washer and dryer hookups. Private rear decks and wood stoves add to tenant appeal. Additional features include detached garage/storage space and a semi-private green space with mature trees. Conveniently located near Pine Nursery Park, Pilot Butte, the Forum Shopping Center, Costco, St. Charles Medical Center, and a growing mix of restaurants and services. Available individually or as part of a portfolio with 2025 and 2026 NE Neil Way.
Listing courtesy of eXp Realty, LLC, agent Dawn Cordiner
Data last updated June 27, 2026
Based on information from Oregon Data Share. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is for consumers personal, non-commercial use only.
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $660,000 · $165,000 down · 30 year term
Monthly cash flow, cap rate, and cash-on-cash return at this price. Every number is an estimate you can adjust to your own financing and rent.
Estimate $1,667 ($1,500–$1,925) · HUD Fair Market Rent (FY2025), Deschutes County, 2BR. Edit to your own number.
At $825,000 with 20% down, this property runs $3,789 per month negative. Adjust the price, down payment, or rent to find what works.
Estimates only, not investment advice or a guarantee of rent, value, or return. Figures depend on the numbers you enter and current market conditions. Verify with your lender, tax advisor, and a Ryan Realty broker before you rely on them.
MlsStatus: Pending → Closed
ListPrice: 949900.00 → 825000.00
We pull climate risk data from FEMA flood maps, the Deschutes County wildland-urban interface map, and NOAA heat trends. Detailed scoring for this property is on request.
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