Property Description
See attachment for more information including APOD.The Preble Way Apartments were recently delivered in 2024 and represent one of only a few apartment communities serving the growing La Pine, Oregon market. The subject property is situated on a 0.83 acre flag lot in a quiet neighborhood setting adjacent to Finley Butte Road in La Pine, Oregon. This attractive location is in close proximity to La Pines city core. The apartments are comprised of 24 - total units. All units are spacious 2BD/2BA single-level style units at approximately 851 square feet each. The Preble Way Apartments represent a one-of-a-kind multifamily project in one of the fastest growing, developer-friendly new markets in central Oregon. Seller willing to guarantee rent at 90% occupancy for one year. Current average rents at Preble Way are approximately $1.80/SF, just under the average for immediate location rental comparables of $1.93/SF. Current capitalization rate based on asking price yields 6.64%.
Property Features
Feature Descriptions
Local Schools
Listed By / Shown By
Listed By
Agency Name: NAI Cascade
Shown By
Agent Name: LaRonda Acuff-Sack, Principal Broker
Agent Phone: (541) 788-2281
Agency Title: Bend Premier Real Estate
Estimate Your Payment
Estimated Payment
$ 27,654.02 per month $23,260.10 Principal & Interest $3,052.25 Property Tax $1,341.67 Homeowner's InsuranceChange Payment Information
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51376 Preble Way | MLS# 220231002
This multi-family property located at 51376 Preble Way, La Pine, OR 97739 is currently listed for sale with an asking price of $4,600,000. Search La Pine real estate on larondaacuffsack.bendpremierrealestate.com today.