20283 Murphy Road, Bend, OR 97702

Bend
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
20283 Murphy Road,Bend, OR 97702
$2,100,000
  • - Beds
  • - Baths
  • 1 sq. ft.
  • Multi-family
  • Active
Listed by: mark l morzov
Office: cascade hasson sir
MLS#:220231123
Source:OR_SOMLS

Price summary

  • Price:$2,100,000
  • Price per sq. ft.:$1,320,754.72

About this home

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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Home facts

  • Year built:1973
  • Subdivision & Development:N/A
  • Listing ID #:220231123
  • Added:1 day(s) ago
  • Updated:November 14, 2026 at 11:50 AM

Rooms and interior

  • Flooring:Carpet, Vinyl
  • Bathrooms Description:Shower/Tub Combo
  • Kitchen Description:Dishwasher, Double Oven, Oven, Range, Range Hood, Refrigerator
  • Living area:1 sq. ft.

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Roof:Composition
  • Year built:1973
  • Building area:1 sq. ft.
  • Lot area:1.59 Acres
  • Architectural Style:Ranch
  • Construction Materials:Frame
  • Foundation Description:Slab, Stemwall
  • Levels:1 Story

Schools

  • High school:Caldera High
  • Middle school:High Desert Middle
  • Elementary school:R E Jewell Elem

Utilities

  • Water:Public
  • Sewer:Septic Tank, Standard Leach Field

Finances and disclosures

  • Price:$2,100,000
  • Price per sq. ft.:$1,320,754.72
  • Tax amount:$7,279 (2026)

Features and amenities

  • Appliances:Dishwasher, Double Oven, Oven, Range, Range Hood, Refrigerator, Water Heater

Parking

  • Parking description:Driveway, Shared Driveway

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