51395 Preble Way La Pine, OR ^$ 3,563,815

51395 Preble Way

^$ 3,563,815

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51395 Preble Way

La Pine, OR, 97739

^$ 3,563,815

Studio Baths0.0 Sq 13,860

Monthly Estimate*

^$ 22,234

51395 Preble Way, La Pine, OR 97739 - Image 1

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Studio

Multi-Family Home for sale in La Pine, OR

for $3,563,815. This 13,860 square foot home was built in 2021 on a lot size of 1.44.

Hard to find 6.5% CAP rate in Central Oregon. 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 with A/C. Coming soon, an additional 56 units across the street at a same CAP rate. 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 the area. Development is professionally managed and has 100% occupancy with a waiting list.

Multi-Family Active

Price

^$ 3,563,815

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 16,524

Style

Traditional

Lot Size

1.44

Year Built

2021

Town/City

La Pine

County/Region

Deschutes

MLS | Web ID

220191675

Features

General

Sewer Public Sewer

Heating Electric Forced Air

Cooling Central Air

Roof Composition

Architectural Style Traditional

Year Built 2021

Levels One

Property Subtype Multi Family

Tax Year 2023

County Deschutes

New Construction N

Property Type Residential Income

HOA N

Attached Garage N

Subdivision Name Lapine

Status Active

High School LaPine Sr High

City La Pine

Zoning Description CRMX

Number Of Units Total 14

Lot Size Units Acres

Lot Size Square Feet 62726.4

Carport Y/N N

Elementary School LaPine Elem

Land Lease Y/N N

Tax Annual Amount 16524.22

Home Warranty Y/N N

Middle/Junior High School LaPine Middle

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Virtual Tour https://www.zillow.com/view-imx/cde22537-a4e5-4a2a-b887-1cc47ab3dd19?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Structure Type Manufactured House

Standard Status Active

Cap Rate 6.5

Senior Community None

Interior

Flooring Laminate

Common Walls No Common Walls

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Heating-Forced Air True

Exterior

Parking Features Asphalt Assigned Driveway Storage

Water Source Public

Lot Size Area 1.44

Foundation Details Pillar/Post/Pier

Spa N

Building Area Total 13860.0

Lot Size Acres 1.44

Internal Only

Street Number 1 51395

* Excluded Features

List By

Peter J. Lowes

Listing Agent

Knightsbridge International

Broker

541-312-2113

Contact

Affordability Calculator

$23,611

Per Month

Monthly Principal & Interest: $22,234
Monthly Property Taxes: $1,377
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in La Pine, OR

Average List Price ^$1,500,605

Percent of Sale Price 58%

About La Pine, OR

1,842 Population

67% Since 2002

^$37,443 Median Income

48.75 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2915551 Elementary School

2915639 Middle School

LaPine Sr High High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/6/2025	$3,563,815		Listed Price

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51395 Preble Way, La Pine, OR, 97739 is a Multi-Family Home for sale at $3,563,815 with 13,860 sqft and a lot size of 1.44. 51395 Preble Way is a studio with 0.0 baths and was built in 2021. The property's zip code is 97739 which is in La Pine, OR

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

© 2020 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Weichert Realtors are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Weichert Realtors.

Data is updated as of 12/15/2025.

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51395 Preble Way

Multi-Family Home for sale in La Pine, OR

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