Executive Summary
The Rapids on Portland presents a rare investment opportunity in Northwest Bend, one of Central Oregon's most desirable submarkets. Renovated down to the studs in 2021, this 16-unit luxury townhome community features premium finishes, thoughtfully designed amenities, 100% occupancy, and strong in-place rents, offering investors stable cash flow with limited near-term capital needs. Individually platted condominium units provide future ownership flexibility through potential unit-by-unit sales, while the property's premier Westside location near the Deschutes River, Newport Avenue, and Galveston Avenue supports continued rental demand and long-term value.
Property Facts
Lease Rate
Sale Type
Property Type
Multifamily
Property Subtype
Apartments
Building Size
Building Class:
Building Height
Year Built
1973/Renovated 2021
Price
$7,500,000
Price Per Unit
$468,750
Price Per SF
$511.95
Cap Rate
Term
No. of Units
16
No. of Stories
2
Lot Size
0.66
Zoning
RM
Parking
Construction Status
