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$3,563,815

  • For Sale
  • Active
  • Multi-Family
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Hard to find 6.5% CAP rate in Central Oregon. The site is improved with a 14 unit multi family development constructed in 2021 and is made up of 14 - three bedroom, two bathroom permanently affixed manufactured homes with A/C. Coming soon, an additional 56 units across the street at a same CAP rate. This income producing development is located in Central Oregon in the up and coming town of La Pine. It's close to Sunriver, Bend and all the outdoor adventures that draw people to the area. Development is professionally managed and has 100% occupancy with a waiting list.

Full Property Details for 51395 Preble Way

General

  • Price: $3,563,815
  • Taxes: $16,524 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: ODS
  • MLS ID: 220191675
  • Updated: 10/29/2025
  • Added to Site: 103 day(s) ago

Interior

  • Flooring: Laminate

Parking

  • Parking Features: Asphalt, Assigned, Driveway, Storage
  • Parking: Primary Suite, Assigned, Driveaway

Location

  • Area: 13860
  • County: Deschutes
  • Subdivision: Lapine
  • Cross Streets: Finley

School Information

  • Elementary School: LaPine Elem
  • Middle School: LaPine Middle
  • High School: LaPine Sr High

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Electric, Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Traditional
  • Foundation: Pillar/Post/Pier
  • Roof: Composition
  • Common Walls: No Common Walls
  • Stories/Levels: 1
  • Square Feet: 13,860
  • Sq. Ft. Source: Assessor
  • Year Built: 2021

Lot Features

  • Lot Size (Acres): 1.44
  • Lot Size (Sq. Ft.): 62,726
  • Zoning: CRMX

Financial Considerations

  • Tax Amount: $16,524.22
  • Tax Year: 2023
  • Terms: Cash

Disclosures and Reports

  • Special Conditions: Standard
  • APN: 115024
  • Section: Not Applicable

Listed by Knightsbridge International (541) 312-2113, Peter J. Lowes (541) 312-2113 and Knightsbridge International (541) 312-2113, Troy Batson (541) 233-7597

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Listing agents

— 51395 Preble Way —

  • Peter J. Lowes

    Knightsbridge International

    541-312-2113

  • Troy Batson

    Knightsbridge International

    541-312-2113

541-312-2113

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with our affiliated lender
NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 51395 Preble Way

School District:Bend-la Pine Administrative School District 1
NameGradesDistance
Elk Meadow Elementary School
60880 Brookswood Boulevard, Bend, OR 97702
K-525.2 mi
Cascade Middle School, Bend, OR
19619 Mountaineer Way, Bend, OR 97702
6-826.8 mi
Summit High School
2855 NW Clearwater Dr, Bend, OR 97701
9-1227.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 51395 Preble Way Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/12/2024
Price Reduced
$3,563,815
-6.22%
MLS
10/21/2024
Listed
$3,800,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 51395 Preble Way

Year
Property Taxes
Change
Tax Assessment
Change
2024
$16,919
2%
$945,510
3%
2023
$16,524
889%
$917,980
842%
2021
$1,670
-89%
$97,450
—
2022
$15,207
811%
$97,450
3%
2021
$1,670
8%
$94,620
3%
2019
$1,540
3%
$91,870
3%
2018
$1,495
3%
$89,200
3%
2017
$1,455
5%
$86,610
3%
2016
$1,388
3%
$84,090
3%
2015
$1,349
3%
$81,650
3%
2014
$1,306
3%
$79,280
3%
2013
$1,262
—
$76,980
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Knightsbridge International (541) 312-2113, Peter J. Lowes (541) 312-2113 and Knightsbridge International (541) 312-2113, Troy Batson (541) 233-7597

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Price Reduced near 51395 Preble Way

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17748 Malheur Ln, Sunriver, OR 97707 - Photo 1 Price Reduced
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Recent Sales near 51395 Preble Way

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Listed by Cascade Hasson SIR, Stephanie Wilson Ruiz and Cascade Hasson SIR, Jordan Grandlund
Sold by The Agency Bend, Grant Marshall Ludwick

51395 Preble Way, La Pine, OR 97739 (MLS# 220191675) is a Multi-Family property with 14 units containing 0 bedrooms and 0 full bathrooms. 51395 Preble Way is currently listed for $3,563,815 and was received on October 06, 2025. Want to learn more about 51395 Preble Way? Do you have questions about finding other Multi-Family real estate for sale in La Pine? You can browse all La Pine real estate or contact a Coldwell Banker agent to request more information.

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