20283 Murphy Road, Bend, OR 97702
- $2,100,000
- List Price
- $2,100,000
- MLS#
- 220231123
- Status
- ACTIVE
- City
- Bend
- County
- Deschutes
- Year Built
- 1973
Property Description
Exceptional investment and development opportunity on 1.59 acres. The property currently features three rental residences generating income (house and a duplex), providing an opportunity for immediate cash flow while exploring future development potential. The property's significant upside lies in its potential for a five-lot development, with the possibility of constructing a fourplex on each lot, creating a potential 20-unit multifamily project, subject to zoning, land-use approvals, and applicable development requirements. Infrastructure groundwork has already been initiated, including four sewer stubs and and two 8-inch water main roughed in on the property. These improvements may provide a valuable head start for investors, builders, and developers seeking to capitalize on Central Oregon's housing demand. Combine existing rental income with the potential for a substantial multifamily development.
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Additional Information
- Taxes
- $7,278
- Acres
- 1.59
- Water
- Public
- Heating
- Forced Air, Fireplace(s), Natural Gas
- Foundation
- Slab, Stemwall
- Flooring
- Carpet, Vinyl
- Elementary School
- R E Jewell Elem
- Middle School
- High Desert Middle
- High School
- Caldera High
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Listing courtesy of Cascade Hasson SIR.
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