1000 NE Butler Market Road, APT 1, Bend, OR 97701

$3,800,000
Property Type: Residential Income Square Footage: 18,304 Lot Size (sq. ft.): 122,839 Status: Closed
Current Price: $3,800,000 List Date: 9/09/2025 Last Modified: 5/27/2026

Overview

Description

Back on market with great new price. Studio Garden Apartments. Iconic Bend, Oregon apartment homes located in the heart of the community. First time ever on the market. Family developed, owned, and managed since the 1970's. 22 garden style units on 2.82 acres in a beautiful, wooded setting with seasonal canal running through. 3 two story buildings containing 10 one bed one bath apartments and 12 two bed one bath apartments. Plus two laundry rooms with storage units. Extremely well managed and maintained. Always fully occupied. And best of all, over an acre of developable property all zoned RM for multifamily housing.

Listing Details MLS# 220194138

General Property Information

Property Sub Type
Multi Family
Building Area Total
18304
Building Area Source
Assessor
Building Area Units
Square Feet
# of Units Total
22
Year Built
1972
Short Term Rental Permit YN
No
New Construction YN
No
Builder Name
Rogers
Elementary School
North Star Elementary
Middle Or Junior School
Sky View Middle
High School
Mountain View Sr High
Zoning
RM
Tax Annual Amount
25934.17
Tax Year
2024
Potential Tax Liability YN
No
Assessment YN
No
CC&R's YN
No
Association YN
No
FIRPTA YN
No
Sign On Property YN
No

Property Features

Appliances: Dishwasher; Range; Refrigerator; Water Heater Architectural Style: Traditional Basement: None Common Walls: 2+ Common Walls Construction Materials: Frame Cooling: None Flooring: Carpet; Laminate; Vinyl Foundation Details: Slab Heating: Baseboard; Electric; Radiant; Zoned Levels: Two Roof: Composition Security Features: Smoke Detector(s) Window Features: Vinyl Frames Additional Features: Laundry Facility; Separate Electric Meters Exterior Features: Courtyard Utilities: Cable Available; Electricity Available; Electricity Connected; Phone Available Flood: Unknown Lot Features: Landscaped; Level; Native Plants; Sprinkler Timer(s); Sprinklers In Front; Sprinklers In Rear Other Structures: Shed(s); Storage Parking Features: Asphalt; Assigned; Parking Lot Patio and Porch Features: Deck; Patio Road Surface Type: Paved View: Creek/Stream; Neighborhood; Territorial Waterfront Features: Stream Community Features: Park Power Production: None Sewer: Public Sewer Water Source: Public Documents on File: APOD; Maintenance Records; Profit and Loss Statement; Rental Agreement; Schedule of Tenants Listing Terms: Cash; Conventional Special Listing Conditions: Standard

Location Tax and Legal

Street Number
1000
Street Dir Prefix
NE
Street Name
Butler Market
Street Suffix
Road
County
Deschutes
State
OR
Postal Code
97701
Subdivision Name
N/A

Contract Information

Original List Price
4750000
List Price per SqFt
229.46
Listing Contract Date
2025-01-06

Remarks and Miscellaneous

Public Remarks
Back on market with great new price. Studio Garden Apartments. Iconic Bend, Oregon apartment homes located in the heart of the community. First time ever on the market. Family developed, owned, and managed since the 1970's. 22 garden style units on 2.82 acres in a beautiful, wooded setting with seasonal canal running through. 3 two story buildings containing 10 one bed one bath apartments and 12 two bed one bath apartments. Plus two laundry rooms with storage units. Extremely well managed and maintained. Always fully occupied. And best of all, over an acre of developable property all zoned RM for multifamily housing.

Status Change Information

Close Date
2025-12-30
Under Contract Date
2025-10-24
Status Change Timestamp
2025-12-31
Close Price
3800000
Sold Price per SqFt
207.6

More Information

Listing Office: Compass Commercial Real Estate
Last Updated: May - 27 - 2026
Information deemed reliable but not guaranteed.