20283 Murphy Road, Bend, OR 97702
- $2,100,000
Listing courtesy of Cascade Hasson SIR.
- 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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The data relating to real estate for sale on this web site comes in part from the Internet Data Display (IDX) of the Southern Oregon Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information subject to change and should be independently verified. Last updated: