Exceptional investment opportunity! This well-managed and maintained 8-plex in Bend's desirable midtown offers convenience with its proximity to Orchard Park, shopping, dining, and excellent walkability. Each 4-plex is situated on a separate tax lot, making the property eligible for residential lending on each individual 4-plex. Each single-level unit features 2 bedrooms and 1 bathroom, supported by a strong rental history. There is potential for additional units and opportunity for future growth. All units are equipped with gas wall furnaces and private decks, with units offering upgrades such as tiled showers, new paint and flooring. Some units also include window A/C units for enhanced comfort. Parking is ample with 4 designated spaces and additional guest spots. All units are currently occupied. Showings are easy to arrange! Don't miss this rare chance to own a pair of well well-kept 4-plex properties in a sought-after location, offering both stability and expansion!
Closed
$1,899,000
475 NE Underwood Ave, Bend, OR 97701
8beds
6,000sqft
Multi Family
Built in 1968
-- sqft lot
$959,100 Zestimate®
$317/sqft
$1,642 Estimated rent
Home value
$959,100
$873,000 - $1.06M
$1,642/mo
Zestimate® history
Owner options
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$1,642/mo
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$1,642/mo
Rent Zestimate®
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$8,930/mo
Est. payment
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$8,930/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Ninebark Real Estate 541-728-3009
Bought with:
Knightsbridge International
Source: Oregon Datashare,MLS#: 220194004
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 2
Heating
- Natural Gas, Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Dryer, Microwave, Oven, Range, Refrigerator, Washer, Water Heater
Features
- Fiberglass Stall Shower, Laminate Counters, Primary Downstairs, Tile Counters, Tile Shower
- Flooring: Carpet, Laminate, Vinyl
- Windows: Double Pane Windows, Vinyl Frames
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 6,000
- Total interior livable area: 6,000 sqft
Property
Parking
- Parking features: Asphalt, Parking Lot
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Exterior features: Courtyard
- Fencing: Fenced
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.53 Acres
- Features: Landscaped, Native Plants
Details
- Additional parcels included: Tax Map Number - 171228CB04501
- Parcel number: 197179
- Zoning description: RH
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Block, Concrete, Frame
- Foundation: Block, Stemwall
- Roof: Composition
Condition
- New construction: No
- Year built: 1968
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Community
- Community features: Access to Public Lands, Park, Playground
Location
- Region: Bend
- Subdivision: Riverside
Other
Other facts
- Listing terms: Cash,Contract,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/3/2026 | Listing removed | $1,695 |
Source: Zillow Rentals Report a problem | ||
| 4/27/2026 | Listed for rent | $1,695+6.3% |
Source: Zillow Rentals Report a problem | ||
| 2/25/2026 | Listing removed | $1,595 |
Source: Zillow Rentals Report a problem | ||
| 1/23/2026 | Listed for rent | $1,595 |
Source: Zillow Rentals Report a problem | ||
| 2/10/2025 | Sold | $1,899,000$317/sqft |
Source:  Oregon Datashare #220194004 Report a problem | ||
| 1/5/2025 | Pending sale | $1,899,000$317/sqft |
Source: Oregon Datashare #220194004 Report a problem | ||
| 1/1/2025 | Listed for sale | $1,899,000+123.9%$317/sqft |
Source: Oregon Datashare #220194004 Report a problem | ||
| 12/22/2023 | Sold | $848,000-10.7%$141/sqft |
Source: Oregon Datashare #220166072 Report a problem | ||
| 11/6/2023 | Pending sale | $950,000$158/sqft |
Source: Oregon Datashare #220166072 Report a problem | ||
| 10/27/2023 | Price change | $950,000-3.1%$158/sqft |
Source: Oregon Datashare #220166072 Report a problem | ||
| 8/23/2023 | Price change | $980,000-4.4%$163/sqft |
Source: Oregon Datashare #220166072 Report a problem | ||
| 8/7/2023 | Price change | $1,025,000-2.4%$171/sqft |
Source: Oregon Datashare #220166072 Report a problem | ||
| 6/15/2023 | Listed for sale | $1,050,000-2.8%$175/sqft |
Source: Oregon Datashare #220166072 Report a problem | ||
| 12/7/2022 | Listing removed | $1,080,000$180/sqft |
Source: Oregon Datashare #220147652 Report a problem | ||
| 9/10/2022 | Price change | $1,080,000-6.1%$180/sqft |
Source: Oregon Datashare #220147652 Report a problem | ||
| 6/10/2022 | Listed for sale | $1,150,000$192/sqft |
Source: Oregon Datashare #220147652 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,080 +3.9% | $300,640 +3% |
| 2024 | $4,887 +7.9% | $291,890 +6.1% |
| 2023 | $4,530 +4% | $275,140 |
| 2022 | $4,358 +2.9% | $275,140 +6.1% |
| 2021 | $4,233 | $259,350 |
| 2020 | -- | $259,350 +6.1% |
| 2019 | $3,904 | $244,470 |
| 2018 | $3,904 +2.9% | $244,470 +3% |
| 2017 | $3,794 +8% | $237,350 +3% |
| 2016 | $3,512 | $230,440 +3% |
| 2015 | $3,512 +6% | $223,730 +3% |
| 2014 | $3,314 | $217,220 +3% |
| 2013 | -- | $210,900 +10.6% |
| 2012 | -- | $190,690 -6.5% |
| 2011 | -- | $203,990 -1.3% |
| 2010 | -- | $206,740 +3% |
| 2009 | -- | $200,720 +3% |
| 2008 | -- | $194,880 +3% |
| 2007 | -- | $189,210 +3% |
| 2006 | -- | $183,700 +3% |
| 2005 | -- | $178,350 +6.1% |
| 2003 | -- | $168,118 |
Find assessor info on the county website
Neighborhood: Orchard District
Nearby schools
GreatSchools rating
- 8/10Juniper Elementary SchoolGrades: K-5Distance: 0.7 mi
- 7/10Pilot Butte Middle SchoolGrades: 6-8Distance: 0.9 mi
- 5/10Bend Senior High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Juniper Elem
- Middle: Pilot Butte Middle
- High: Bend Sr High
Source: Oregon Datashare. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$959,100
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$978,282
- Oregon
- Deschutes County
- Bend
- 97701
- Orchard District
- 475 NE Underwood Ave
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