Retired owner wishes to offer investment opportunity to a new buyer. Owner managed herself with great success up until the last 2 years and tenants stayed 3 to 5 years. Current cap rate of 4.7% could easily be increased with new perspective and a little energy from new owners. Great location walking distance to growing medical, schools, and easy access to transportation. Please drive by and examine APOD attached to listing. Contingent sale agreement required prior to arranging showings.
This Is A Well Kept 4-plex Close To Shopping, Schools, St Charles Hospital. Good Rental History.
Public Records
Dec 13, 1993
Sold
$191,000
$59/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$9,034 (+7.2%)
2024
$8,431 (+7.9%)
2023
$7,816 (+4.0%)
2022
$7,517 (−0.2%)
2021
$7,529 (+5.4%)
2020
$7,143 (+2.9%)
2019
$6,944 (+2.9%)
2018
$6,748 (+3.0%)
2017
$6,550 (+74.5%)
2016
$3,754 (+2.7%)
2015
$3,656 (+1.9%)
2014
$3,589
Tax history for 1861 NE Wichita Way
Year
Property tax
Land + Additions
Assessment*
2025
$9,034 (+7.2%)
2024
$8,431 (+7.9%)
2023
$7,816 (+4.0%)
2022
$7,517 (−0.2%)
2021
$7,529 (+5.4%)
2020
$7,143 (+2.9%)
2019
$6,944 (+2.9%)
2018
$6,748 (+3.0%)
2017
$6,550 (+74.5%)
2016
$3,754 (+2.7%)
2015
$3,656 (+1.9%)
2014
$3,589
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
8
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
0.3 Acres
Year renovated
—
Sq. Ft.
3,256
Year built
1979
Style
Other
County
Deschutes County
APN
150241
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 26, 2026.
RM
The Medium and High Density Residential Districts are intended to provide land for a mix of middle housing, multi-unit dwellings and single-room occupancies in locations that are convenient to service commercial uses and future transit opportunities.
The Medium Density Residential District is intended to provide primarily for the development of multi-unit residential in areas where sewer and water service are available. The residential density range in the district is 7.3 to 21.7 units per gross acre and must provide a transitional use area between other Residential Districts and other less restrictive areas.