Pilot Butte Park Est
Well-maintained duplex offering strong current income, long-term tenants and future flexibility. Each unit features 3 bedrooms, 2 bathrooms, updated flooring and an attached single-car garage, creating a desirable and highly rentable layout.
Unit 689 currently rents for $2,150 per month. Unit 691 is scheduled to rent for $2,075 per month effective September 1, 2026, providing total scheduled gross income of $4,225 per month, or $50,700 annually. One tenant is secured on a 12-month lease ending 1/31/27, while the other is transitioning to month-to-month 8/31/26, creating a potential owner-occupant opportunity with substantial mortgage offset.
A new roof is scheduled to be completed, reducing near-term capital expense for the next owner. Interior photos are available upon request. Please do not disturb the tenants. Interior tours are available with an accepted offer.
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Loan amount $555,000 · $139,000 down · 30 year term
Monthly cash flow, cap rate, and cash-on-cash return at this price. Adjust the numbers 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 $693,950 with 20% down, this property runs $2,959 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.
Listing courtesy of Cascade Hasson SIR, agent Parker Vernon, 541-383-7600
Data last updated August 13, 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.
Source: Spark MLS. Active inventory.