20192 Reed Lane, Bend, OR 97702

Property Description

Rare multifamily infill opportunity in SW Bend, Oregon. Two RM-zoned parcels totaling 0.95 acres sold together in the established Blakely Heights neighborhood, 2 miles from the Old Mill District, minutes from the Deschutes River Trail, US-97, top-rated schools, and shopping. RM zoning may support up to 30 units for apartments, townhomes, or condominiums, buyer to verify with City of Bend. Previously approved by the City of Bend for a 20-unit apartment complex. Architectural plans, civil engineering plans, landscape plans, conceptual site layout, and land use approval documents all available. Utilities at the street. Site infrastructure and early site work already completed. Coulter Grove Park, a fully funded $1.75 million Bend Park and Recreation District neighborhood park, is under active design directly across the street with completion expected Summer 2028. Seller open to outright purchase, co-investment, seller carry, or partnership development. Buyer to perform own due diligence.