468 NE Olney Avenue Bend, OR ^$ 599,000

468 NE Olney Avenue

^$ 599,000

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468 NE Olney Avenue

Bend, OR, 97701

^$ 599,000

Studio Baths0.0 Sq 1,600

Monthly Estimate*

^$ 3,737

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Studio

Multi-Family Home for sale in Bend, OR

for $599,000. This 1,600 square foot home was built in 1948 on a lot size of 0.17.

This duplex at 466 & 468 NE Olney Ave. offers two income-producing two-bedroom units with stable tenants in place, generating a total of $3,320 in monthly rent. Priced at $599,000, the property sits on a 7,405 SF lot with 1,600 SF of building space and includes three onsite parking spaces. Recent kitchen and bathroom upgrades, below-market rents, and a highly desirable location contribute to its strong investment appeal. With an estimated NOI of $28,471.20 and a cap rate of 4.75%, this asset presents solid cash flow and upside potential in a competitive rental market.

Multi-Family Active

Price

^$ 599,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,221

Style

Northwest

Lot Size

0.17

Year Built

1948

Town/City

Bend

County/Region

Deschutes

MLS | Web ID

220207113

Features

General

Sewer Public Sewer

Heating Baseboard

Cooling None

Roof Composition

Architectural Style Northwest

Construction Materials Frame

Year Built 1948

Levels One

Property Subtype Duplex

Tax Year 2024

County Deschutes

New Construction N

Property Type Residential Income

HOA N

Attached Garage N

Subdivision Name Wiestoria

Status Active

High School Bend Sr High

City Bend

Zoning Description RH

Number Of Units Total 2

Lot Size Units Acres

Lot Size Square Feet 7405.2

Carport Y/N N

Elementary School Juniper Elem

Land Lease Y/N N

Tax Annual Amount 2221.02

Home Warranty Y/N N

Middle/Junior High School Pilot Butte Middle

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Tax Lot 9 & 10

Senior Community None

Interior

Flooring Hardwood Laminate

Common Walls 1 Common Wall

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Total Baths 0

Heating-Baseboard True

Exterior

Parking Features Shared Driveway

Water Source Public

Lot Size Area 0.17

Foundation Details Slab

Spa N

Building Area Total 1600.0

Lot Size Acres 0.17

Internal Only

Street Number 1 468

* Excluded Features

List By

Daniel B Kemp

Listing Agent

Compass Commercial Real Estate

Broker

dkemp@compasscommercial.com

Affordability Calculator

$3,922

Per Month

Monthly Principal & Interest: $3,737
Monthly Property Taxes: $185
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

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 Bend, OR

Average List Price ^$1,143,126

Percent of Sale Price 91%

About Bend, OR

92,808 Population

77% Since 2002

^$60,384 Median Income

39.03 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2915530 Elementary School

2915636 Middle School

Bend Sr High High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/5/2025	$599,000		Listed Price

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468 NE Olney Avenue, Bend, OR, 97701 is a Multi-Family Home for sale at $599,000 with 1,600 sqft and a lot size of 0.17. 468 NE Olney Avenue is a studio with 0.0 baths and was built in 1948. The property's zip code is 97701 which is in Bend, 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 12/13/2025.

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468 NE Olney Avenue

Multi-Family Home for sale in Bend, OR

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