About 468 Ne Olney Avenue
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.
Features of 468 Ne Olney Avenue
| MLS® # | 220207113 |
|---|---|
| Price | $599,000 |
| Acres | 0.17 |
| Year Built | 1948 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Style | Northwest |
| Status | Active |
Community Information
| Address | 468 Ne Olney Avenue |
|---|---|
| Subdivision | Wiestoria |
| City | Bend |
| County | Deschutes |
| State | OR |
| Zip Code | 97701 |
Amenities
| Parking | Shared Driveway |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Baseboard |
|---|---|
| Cooling | None |
| Fireplace | No |
| Stories | One |
Exterior
| Roof | Composition |
|---|---|
| Construction | Frame |
| Foundation | Slab |
School Information
| Elementary | Juniper Elem |
|---|---|
| Middle | Pilot Butte Middle |
| High | Bend Sr High |
Additional Information
| Date Listed | July 7th, 2025 |
|---|---|
| Days on Market | 29 |
| Zoning | RH |
Listing Details
| Office | Compass Commercial Real Estate |
|---|