20192 Reed Lane, Bend, OR 97702

$1,099,999
Property Type: Land Lot Size (sq. ft.): 41,382 Status: Active
Current Price: $1,099,999 List Date: 8/25/2026 Last Modified: 8/25/2026

Overview

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.

Listing Details MLS# 220227599

General Property Information

Property Sub Type
Residential Lots
Elementary School
Pine Ridge Elem
Middle Or Junior School
Cascade Middle
High School
Bend Sr High
Zoning
RM
Tax Annual Amount
1522.87
Tax Year
2025
Irrigation Water Rights YN
No
CC&R's YN
No
Association YN
No
Senior Community YN
No
Preferred Escrow Company & Officer
First American Title Sabrina Norton
FIRPTA YN
No
Sign On Property YN
Yes
Garage YN
No

Property Features

Current Use: Vacant; Other View: Neighborhood Power Production: None Sewer: Public Sewer Utilities: Cable Available; Electricity Connected Utilities Location: At Street Water Source: Public Documents on File: Aerial Photos; Call Listing Office; Plat Maps; Other Listing Terms: Cash; Conventional Special Listing Conditions: Standard

Location Tax and Legal

Street Number
20192
Street Name
Reed
Street Suffix
Lane
County
Deschutes
State
OR
Postal Code
97702
Subdivision Name
Blakley Heights

Contract Information

Original List Price
1099999
List Price per Acre
1157893.68
Listing Contract Date
2026-08-25

Remarks and Miscellaneous

Public Remarks
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.

Status Change Information

Status Change Timestamp
2026-08-25

More Information

Listing Office: Stellar Realty Northwest
Last Updated: August - 25 - 2026
Information deemed reliable but not guaranteed.