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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 Pine's 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, develop...er-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%.

Oregon Data Share, LLC, MLS#: 220231002
Listed By: NAI Cascade, Charles T Brazer

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Architectural Style

  • Contemporary

Common Walls

  • 2+ Common Walls

Cooling

  • Wall/Window Unit(s)

Flooring

  • Vinyl

Foundation Details

  • Slab

Heating

  • Forced Air
  • Wall Furnace

Levels

  • Three Or More

Parking Features

  • Parking Lot

Roof

  • Composition

Sewer

  • Public Sewer

WaterSource

  • Public
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Listed By:
NAI Cascade
Charles T Brazer

Data Source: Oregon Data Share, LLC

MLS#: 220231002

Data Source Copyright: © 2026 Oregon Data Share, LLC All rights reserved.

©2026 Oregon Data Share, LLC. All rights reserved.

This property was listed on 11/11/2026 and last updated as of 11/12/2026 12:30:35 AM. OSI IDX updated the data from Oregon Data Share, LLC on 11/15/2026 at 9:54 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.