1215 NW Portland Avenue, Bend, OR 97703
$7,500,000
Property Type:
Commercial Sale
Square Footage:
14,650
Lot Size (sq. ft.):
28,750
Status:
Active
Current Price:
$7,500,000
List Date:
7/22/2026
Last Modified:
8/04/2026
Description
The Rapids on Portland presents a rare investment opportunity in Northwest Bend, one of Central Oregon's most desirable sub-markets. Substantially renovated in 2021, the property offers modern finishes, premium amenities, 100% occupancy, and strong in-place rents, providing stable cash flow with limited near-term capital needs. Individually platted condominium units also offer future flexibility through potential unit-by-unit sales.
Supplements: ********
More Information MLS# 220225763
Location, Tax, and Legal
Parcel Number: 167859
Lot Size Acres: 0.66
Lot Size Square Feet: 28750
Additional Parcels YN: Yes
Additional Parcels Description: 1205 NW Portland Avenue
Currently Not Used
List Price per SqFt: 511.95
General Property Information
Building Area Total: 14650
Building Area Source: Assessor
Building Area Units: Square Feet
# of Units Total: 16
New Construction YN: No
Zoning: RM
Tax Annual Amount: 24928
Tax Year: 2026
CC&R's YN: No
Preferred Escrow Company & Officer: Western Title - Arianna Lease
FIRPTA YN: No
Sign On Property YN: No
Year Built: 1973
Remarks and Miscellaneous
Public Remarks: The Rapids on Portland presents a rare investment opportunity in Northwest Bend, one of Central Oregon's most desirable sub-markets. Substantially renovated in 2021, the property offers modern finishes, premium amenities, 100% occupancy, and strong in-place rents, providing stable cash flow with limited near-term capital needs. Individually platted condominium units also offer future flexibility through potential unit-by-unit sales.
Common Walls
1 Common Wall: 1
2+ Common Walls: 1
Cooling
Ductless: 1
Construction Materials
Frame: 1
Flooring
Vinyl: 1
Listing Terms
Cash: 1
Conventional: 1
Foundation Details
Stemwall: 1
Flood
Unknown: 1
Heating
Ductless: 1
Fireplace(s): 1
Natural Gas: 1
Levels
Two: 1
Roof
Composition: 1
Metal: 1
Window Features
Double Pane Windows: 1
Business Details
Business Included?: No
Parking Features
Asphalt: 1
Parking Lot: 1
Patio and Porch Features
Covered Deck: 1
Deck: 1
Patio: 1
Porch: 1
Power Production
None: 1
Sewer
Public Sewer: 1
Utilities
Electricity Available: 1
Electricity Connected: 1
Natural Gas Available: 1
Natural Gas Connected: 1
Water Source
Public: 1
Parking Details
Parking: Yes
# of Parking Spaces: 20
Special Listing Conditions
Standard: 1
Location Tax and Legal
Street Number: 1215
Street Dir Prefix: NW
Street Name: Portland
Street Suffix: Avenue
County: Deschutes
State: OR
Postal Code: 97703
Contract Information
Original List Price: 7500000
Current Price: $7,500,000
Status: Active
List Price: $7,500,000
Listing Contract Date: 2026-07-22
Status Change Information
Status Change Timestamp: 2026-07-22
Property Features
Common Walls: 1 Common Wall; 2+ Common Walls
Construction Materials: Frame
Cooling: Ductless
Flooring: Vinyl
Foundation Details: Stemwall
Heating: Ductless; Fireplace(s); Natural Gas
Levels: Two
Roof: Composition; Metal
Window Features: Double Pane Windows
Flood: Unknown
Utilities: Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected
Parking Features: Asphalt; Parking Lot
Patio and Porch Features: Covered Deck; Deck; Patio; Porch
Power Production: None
Sewer: Public Sewer
Water Source: Public
Listing Terms: Cash; Conventional
Special Listing Conditions: Standard
Listing Office:
RE/MAX Key Properties
Last Updated: August - 04 - 2026
Broker Attribution:
(541)213-8967
Information deemed reliable but not guaranteed.