516 SE Centennial StreetBend, OR 97702

Description

Investment opportunity in SE Bend! This fully occupied triplex includes one 3-bedroom/1-bath unit and two 2-bedroom/1-bath units, providing immediate income with future upside. Two units have been remodeled, while major property improvements include a new roof (2016), new carport roofs (2026) ,replacement windows throughout and fresh exterior paint-helping reduce near-term capital expenses. All three residences are single level and leased month-to-month. Forward scheduled rents total $4,405 per month as of November 1, 2026, with additional rent potential in the 3-bedroom unit. Tenants pay electricity; owner pays water and sewer. Situated on a .22-acre RM-zoned lot with no HOA or CC&Rs and located within Bend's East Bend Opportunity Zone. Convenient access to shopping, dining and everyday amenities. A well-maintained multifamily property with an established rental history and meaningful improvements already completed. Buyer to verify all information and Opportunity Zone eligibility.

Property Information

Property type

Residential Income

Sub-type

Triplex

Structure type

House

Year built

1976

Building area

2,496 Sq Ft

Lot size

0.22 acres

Days on market

25

MLS^® Listing#

220230022

Property Features

Exterior

Storage

Appliances

Dishwasher · Disposal · Range · Refrigerator · Range Hood · Water Heater

Cooling

None

Heating

Electric · Zoned

Flooring

Carpet · Simulated Wood · Vinyl

Basement

None

Pool

None

Parking

Asphalt · Concrete · Detached Carport · No Garage · On Street · Storage

Patio

Patio · Rear Porch

Lot features

Level

Construction

Frame

Foundation

Slab

Roof

Composition

Windows

Double Pane Windows

Security

Smoke Detector(s)

Other structures

Storage

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Juniper Elem

Middle

Pilot Butte Middle

High

Bend Sr High

Financial Details

HOA

None

Annual taxes

$3,832Tax year 2025

Parcel number

106107

Directions

GPS Friendly