- For Sale $650,000
- Property Type Multi-Family
- Property Size 1,536 SF
- Units 2
- Lot Size 2,178 Acre
- Year Built 2026
- Date Updated Nov 9, 2026
Description
Situated on the eastern edge of the Cascade Range along the Deschutes River, Bend joins forested mountain highlands and high desert plateaus, offering diverse scenery and outdoor activities.
The largest city in Central Oregon, Bend, is the commercial, recreation and social center of the tri-county region and also serves as the county seat of Deschutes County. It covers 32 square miles and sits at an elevation of 3,625 feet. Bend is noted for its scenic setting and year-round recreational activities.
Bend was rated the best performing small metro for from 2018-2022. Economically, Bend started as a logging town, but began a transition to a more varied sustainable economy in the 1980's when it became apparent that the lumber mills were no longer vital.
Unlike resort communities such as Aspen or Jackson Hole, Bend's lifestyle and quality workforce draw many successful companies in the aviation, manufacturing, renewable energy, high-tech, healthcare and recreation equipment sectors. Many of Bend's companies are owner-operated in the small to midsize range, typically with 10 to 15 employees. Companies like Breedlove Guitars, G5 Search Marketing, Deschutes Brewery, Hydro Flask and Bend Research provide solid employment and bring in vital traded-sector dollars to Bend's economy.
Source: EDCO (Economic Development of Central Oregon) edcoinfo.com/communitiesOffered at $650,000, 414 SE Railroad Street is a two-unit property in Southeast Bend near the Old Mill District and SE 3rd Street retail and services. The property includes a 732 SF two-bedroom/two-bath residence and a 466 SF one-bedroom/one-bath residence, totaling 1,198 SF of living area. Amenities include an attached garage, covered upper balcony, dedicated laundry areas in each unit, granite countertops and ductless mini-split heat pumps.
The adjacent fourplex at 404 SE Railroad Street may also be available for purchase. Contact Listing Agent for more information.
Highlights
- Adjacent fourplex may also be available; contact Listing Agent
- Annual NOI of $39,197 on $46,800 in rental income
- Completed in 2026 with certificate of occupancy received in June.
- Potential owner occupancy with main-unit tenant open to vacating
- Turn-key investment property
- Two units totaling 1,198 SF with rents of $2.94$3.76/SF
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Contacts
Chuck Brazer
NAI Cascade
Location
Located at 414 SE Railroad St, Bend, OR 97702, this property is part of the Larkspur neighborhood and Eugene market.
Contact Listing Broker
Chuck Brazer
NAI Cascade