Railroad Duplex

Investment Overview

Offered 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.

Investment Highlights

• Annual NOI of $39,197 on $46,800 in rental income
• Two units totaling 1,198 SF with rents of $2.94–$3.76/SF
• Completed in 2026 with certificate of occupancy received in June.
• Potential owner occupancy with main-unit tenant open to vacating
• Adjacent fourplex may also be available; contact Listing Agent
• Turn-key investment property