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Sold on 08/19/2022

1437 NE Covington Ln, Bend, OR 97701

  • $787,000

    Last sold 08/19/2022 for $751K

  • 4

    bed

  • 4

    bath

  • 1,818

    Sqft ($413/Sqft)

Multi-family not for sale
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About 1437 NE Covington Ln

Property type Multi-family
Neighborhood
Year built 1999
HOA fee $0/month
Lot size 7,405 Sqft
Movoto estimate
Rental estimate
Property description
Great investment, rare opportunity. Ideal location close to St. Charles. These units are charming, clean, excellent condition and close to everything. Unit 1437 has a month to month tenant at $1,525. Unit 1439 has been rented via AirBNB for 30 day minimum rental at $70.00 a night. Very easy to rent because of close proximity to St. Charles. Both units recently refurbished with new HVAC units, new simulated laminate flooring, fresh paint inside and out. Each unit has an open living area with gas fireplace, dining alcove and an open kitchen. Easy living in each unit with 2 large bedrooms, 2 baths, washer & dryer ,1 car garage and fenced outdoor area. Unit 1439 includes all furnishings, art, fully stocked kitchen, ready to rent fully furnished for 30 days rentals. Metal locking owner's storage cabinet in garage. Outside storage shed for yard tools included. Separate gas & electric meters for each unit.
Listed by
Listing Agent - Karen Elizabeth Lervold
Listing Agent Contact: 503-496-7620
Listing Office - Redfin
Source: Central Oregon Association of Realtors MLS - COAR mls logo
MLS#220148647 • last updated 6 months ago
Movoto checked Central Oregon Association of Realtors MLS - COAR for data 6 minutes ago
Overview
Cooling/AC Central Air
Heating Forced Air, Natural Gas
Levels/Style One, Ranch
MLS # 220148647
Virtual Tour N/A
SubType Duplex
SqFt 1818
Status Closed
Lot Size (Acres) 0.17
Lot Size (SqFt) 7405.2
Property Tax 3799.74
Year Built 1999
Interior
Flooring Laminate, Simulated Wood, Tile
Interior Features Fiberglass Stall Shower, Open Floorplan, Primary Downstairs, Shower/Tub Combo, Solid Surface Counters, Vaulted Ceiling(s)
Fireplace Gas, Living Room
Appliances Dishwasher, Disposal, Dryer, Oven, Range, Refrigerator, Washer, Water Heater
Exterior
Roof Composition
Foundation Stemwall
Construction Frame
Parking Attached, Driveway, Garage Door Opener, On Street
Other Structures Shed(s)
Exterior Features Courtyard
Amenities / Utilities
Water Source Public
Security Features Carbon Monoxide Detector(s), Smoke Detector(s), Other
Location
Subdivision Ivy Creek Est
Community Features Gas Available
Elementary School Buckingham Elem
Middle School Pilot Butte Middle
High School Mountain View Sr High
APN 190384
Zoning RM
Directions E On Neff, Rt On Covington Lane, Unit At Back Of Cul-de-sac.
Multifamily Details
Total # of Units 2
Expense: Operating 3300
Gross Income 36052
Lot/ Land Details
Lot Features Fenced, Garden, Landscaped, Level
Road Surface Paved
$787K
Range: $708K-$865K
Last 30 days 
Rental est.: $5,006/month
Gross rent multiplier: 12.5
  • Aug 2022
    mls logo MLS # 220148647
  • Aug 22, 2022 Sold
    $751,000
  • Jul 14, 2022 Pending
    —
  • Jun 24, 2022 Listed
    $799,000 (+18.4%)
  • Aug 2022
    Public Records
  • Aug 19, 2022 Sold
    $751,000 (-6.0%)
  • Apr 2021
    Public Records
  • Apr 12, 2021 Sold
    $675,000
  • Apr 2021
    mls logo MLS # 220118575
  • Apr 12, 2021 Sold
    $675,000 (+8.0%)
  • Mar 21, 2021 Pending
    —
  • Mar 18, 2021 Listed
    $625,000 (+53.9%)
  • Apr 2019
    Public Records
  • Apr 12, 2019 Sold
    $406,000
  • Apr 2019
    mls logo MLS # 201900768
  • Apr 12, 2019 Sold
    $406,000 (-2.2%)
  • Feb 4, 2019 Listed
    $415,000
  • 1437 NE Covington Ln
    $751K
  • Mountain View
    $557K -7% y/y
  • 97701
    $599K -10% y/y
  • Bend
    $749K -11% y/y
No chart available
Statistics calculated by Movoto

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5/10
Buckingham Elementary School
public Grades K-5
Bend-La Pine Schools
6/10
Pilot Butte Middle School
public Grades 6-8
Bend-La Pine Schools
7/10
Mountain View Senior High School
public Grades 9-12
Bend-La Pine Schools
Source: GreatSchools.org © 2026. All rights reserved.

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