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20283 Murphy RoadBend, OR 97702
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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.
| 11 hours ago | Listing updated with changes from the MLS | |
| 11 hours ago | Status changed to Active | |
| yesterday | Listing first seen on site |
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This content last updated on 2026-11-14 07:09 AM PST. Some properties which appear for sale on this website may subsequently have sold or may no longer be available. Source: Oregon Datashare.
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