2025 NE Neil Way

Bend, OR 97701

$3,150,000
Price
—
Beds
—
Baths
12,561 Sq. Ft.
$251 / Sq. Ft.
12,561
Sq. Ft.
$251
per Sq. Ft.

Description

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...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.

Property Details for 2025 Northeast Neil Way

Parking Features
Driveway, Off Street
Zoning
MR
View
Territorial
Garage Spaces
7.00
Parking Total
12.00
LISTING UPDATED: 12/13/2025 12:22 AM

Property Details for 2025 Northeast Neil Way

StatusActive
MLS #428951739
Days on Market171
Taxes$19,620 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1978
Lot Size0.89 AC / 38,768 SF
CountyDeschutes County

Location

Listing Courtesy of eXp Realty, LLC
Add your commute

Building Information for 2025 Northeast Neil Way

Stories2Residences12Year Built1978Building Size-Lot Size0.89 AC / 38,768 SF

Payment Calculator

$17,200 per month

30 year fixed, 6.28% Interest

Principal and Interest

$15,565

Property Taxes

$1,635

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2025 Northeast Neil Way

Summary
Location and General Information
  • Country: US
  • Directions: Cross Streeet NE Holliday
  • Road Surface: Paved
School Information
  • Elementary School: Ensworth
  • High School: Mountain View
  • Middle Or Junior School: Pilot Butte
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $19,620.00
  • Parcel Number: 100390
  • Parcel Number 2: 100389
  • Parcel Number 3: 100371
  • Tax Legal Description: HOLLIDAY PARK FIRST ADDITION Lot: 16 Block: 1
Property
Lot Information
  • Acres: 0.89
  • Lot Description: Cul_de_sac, Level, Private
  • Lot Size Square Feet: 38768.0
  • Lot Size Range: Sq Ft20000to Acres1
  • Lot Size: 20,000 Sq Ft to .99 Acres
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Approximately
  • Year Built: 1978
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity, Wood Burning
  • Heating Description: Baseboard, Wood Stove
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: T111Siding
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Concrete Perimeter, Stem Wall
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
  • Gross Income Actual: $241,260.00
  • Gross Income Projected: $273,600.00
  • Gross Rent Multiplier: $13.06
  • Investor Information: Annual Property Operation Data, Maintenance Records Available, Profit Loss Statement, Rent Records
  • Net Income Actual: $189,909.00
  • Net Income Projected: 221596
  • Operating Expenses Projected: $52,004.00
  • Operating Expense: $67,084.00
  • Storage: Garage
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5, Unit Type Type6, Unit Type Type7, Unit Type Type8
  • SqFt Approximate Building Total: 12561
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Baths Decimal: 1.10
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Deck, Dishwasher, Range, Washer Dryer Hookup
  • Unit Type 1 Rent: $1,650
  • Unit Type 1 SqFt: 1046.0
  • Unit Type 1 Units Total: 4
Unit 2 Information
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Baths Decimal: 1.10
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Deck, Dishwasher, Range, Washer Dryer Hookup
  • Unit Type 2 Rent: $1,435
  • Unit Type 2 SqFt: 1046.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 2
  • Unit Type 3 Baths Decimal: 1.10
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Deck, Dishwasher, Range, Washer Dryer Hookup
  • Unit Type 3 Rent: $1,850
  • Unit Type 3 SqFt: 1046.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 2
  • Unit Type 4 Baths Decimal: 1.10
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Deck, Dishwasher, Range, Washer Dryer Hookup
  • Unit Type 4 Rent: $1,750
  • Unit Type 4 SqFt: 1046
  • Unit Type 4 UnitsTotal: 2
Unit 5 Information
  • Unit Type 5 Baths Total: 2
  • Unit Type 5 Baths Decimal: 1.10
  • Unit Type 5 Beds Total: 2
  • Unit Type 5 Features: Deck, Dishwasher, Range, Washer Dryer Hookup
  • Unit Type 5 Rent: $1,500
  • Unit Type 5 SqFt: 1046.0
  • Unit Type 5 Units Total: 1
Unit 6 Information
  • Unit Type 6 Baths Total: 2
  • Unit Type 6 Baths Decimal: 1.10
  • Unit Type 6 Beds Total: 2
  • Unit Type 6 Rent: $1,695
  • Unit Type 6 SqFt: 1046.0
  • Unit Type 6 Units Total: 1
Unit 7 Information
  • Unit Type 7 Baths Total: 2
  • Unit Type 7 Baths Decimal: 1.10
  • Unit Type 7 Beds Total: 2
  • Unit Type 7 Rent: $1,550
  • Unit Type 7 SqFt: 1046
  • Unit Type 7 Units Total: 1
Unit 8 Information
  • Unit Type 8 Baths Total: 2
  • Unit Type 8 Baths Decimal: 1.10
  • Unit Type 8 Beds Total: 2
  • Unit Type 8 Rent: $1,775
  • Unit Type 8 SqFt: 1046.0
  • Unit Type 8 Units Total: 1

Property History for 2025 Northeast Neil Way

DateEvent & SourcePriceAppreciation
Apr 6, 2005

Sold (Public Record)

Public Record #236021317

$310,500—
DateEvent & SourcePrice
04/06/2005

Sold (Public Record)

Public Record #236021317

$310,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2025 Northeast Neil Way

Taxable ValueLand-Additions-Total-
Tax Record2024$6,517 ($543 / month)
Home Facts
Baths6Total Finished SqFt2,092 SqFtAbove Grade Finished SqFt2,092 SqFtStories2Lot Size13,068 SqFtStyleDuplexYear Built1978CountyDESCHUTESAPN171227 DB 00700Fireplace TypeHas Fireplace

Schools near 2025 Northeast Neil Way

This home is within Bend-La Pine Schools.
Rating
School
Type
Grades
Distance
Ensworth Elementary School
Public - K to 5
Pilot Butte Middle School
Public - 6 to 8
Mountain View Senior High School
Public - 9 to 12
Three Rivers K-8 School
Public - K to 8
Rating
School
Distance
Ensworth Elementary School
PublicK to 5

Pilot Butte Middle School
Public6 to 8

Mountain View Senior High School
Public9 to 12

Three Rivers K-8 School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2025 Northeast Neil Way, Bend, OR 97701

2025 Northeast Neil Way is a multi-family home for sale in Bend, OR 97701. This property was listed for sale on June 25, 2025 by eXp Realty, LLC, it's currently listed at $3,150,000. It has been on the market for a total of 171 days and was last sold on April 6, 2005. This listing's school district is Bend-La Pine Schools. Nearby schools include Ensworth Elementary School, Pilot Butte Middle School and Mountain View Senior High School. 2025 Northeast Neil Way is a 0-bed, 0-bath, 12,561 sqft multi-family home built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, LLC

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2025 RMLS, Portland, Oregon. Last updated: 12/13/2025 12:22 AM