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.
Active
$2,100,000
20283 Murphy Rd, Bend, OR 97702
8beds
1sqft
Duplex, Multi Family
Built in 1973
-- sqft lot
$1,125,400 Zestimate®
$1,320,755/sqft
$-- HOA
What's special
- 4 hours
- 20
- 0
Zillow last checked:
Listing updated:
Listed by:
Cascade Hasson SIR 541-588-6614
Source: Oregon Datashare,MLS#: 220231123
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 7
- Full bathrooms: 5
Heating
- Fireplace(s), Forced Air, Natural Gas
Cooling
- Other
Appliances
- Included: Dishwasher, Disposal, Double Oven, Oven, Range, Range Hood, Refrigerator, Water Heater
Features
- Breakfast Bar, Built-in Features, Ceiling Fan(s), Central Vacuum, Linen Closet, Open Floorplan, Shower/Tub Combo
- Flooring: Carpet, Vinyl
- Basement: None
- Has fireplace: Yes
- Fireplace features: Wood Burning
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 1
- Total interior livable area: 1.59 sqft
Property
Parking
- Parking features: Driveway, Shared Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 1.59 Acres
Details
- Parcel number: 121180
- Zoning description: RL
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Duplex, Multi Family
Materials
- Frame
- Foundation: Slab, Stemwall
- Roof: Composition
Condition
- New construction: No
- Year built: 1973
Utilities & green energy
- Sewer: Septic Tank, Standard Leach Field
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s)
HOA
- Has HOA: No
Location
- Region: Bend
Financial & listing details
- Price per square foot: $1,320,755/sqft
- Tax assessed value: $1,279,960
- Annual tax amount: $7,278
- Date on market: 11/13/2026
- Listing terms: Cash,Conventional
- Road surface type: Paved
Foreclosure details
Estimated market value
$1,125,400
$957,000 - $1.31M
$3,892/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/14/2026 | Listed for sale | $2,100,000+90.9%$1,320,755/sqft |
Source:  Oregon Datashare #220231123 Report a problem | ||
| 5/31/2024 | Sold | $1,100,000-38.2%$691,824/sqft |
Source: Public Record Report a problem | ||
| 9/15/2022 | Listing removed | $1,780,000+7.9%$1,119,497/sqft |
Source: Oregon Datashare #220144039 Report a problem | ||
| 6/3/2022 | Price change | $1,650,000-7.3%$1,037,736/sqft |
Source: Oregon Datashare #220145509 Report a problem | ||
| 4/26/2022 | Listed for sale | $1,780,000+61.8%$1,119,497/sqft |
Source: Oregon Datashare #220144039 Report a problem | ||
| 9/11/2019 | Listing removed | $2,800$1,761/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/4/2019 | Listed for rent | $2,800$1,761/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 8/21/2019 | Sold | $1,100,000$691,824/sqft |
Source: Oregon Datashare #201903859 Report a problem | ||
| 7/8/2019 | Pending sale | $1,100,000$691,824/sqft |
Source: Holiday Realty Central Oregon #201903859 Report a problem | ||
| 5/10/2019 | Listed for sale | $1,100,000$691,824/sqft |
Source: Holiday Realty Central Oregon #201903859 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,090 +3.9% | $419,600 +3% |
| 2024 | $6,821 +7.9% | $407,380 +6.1% |
| 2023 | $6,323 +4% | $384,000 |
| 2022 | $6,082 +2.9% | $384,000 +6.1% |
| 2021 | $5,908 | $361,970 |
| 2020 | -- | $361,970 +6.1% |
| 2019 | $5,449 | $341,200 |
| 2018 | $5,449 +2.9% | $341,200 +3% |
| 2017 | $5,295 +8% | $331,270 +3% |
| 2016 | $4,902 | $321,630 +3% |
| 2015 | $4,902 +13.1% | $312,270 +3% |
| 2014 | $4,336 | $303,180 +3% |
| 2013 | -- | $294,350 +3% |
| 2012 | -- | $285,780 +3% |
| 2011 | -- | $277,460 +3% |
| 2010 | -- | $269,380 +6.1% |
| 2008 | -- | $253,930 +9.3% |
| 2005 | -- | $232,390 +6.1% |
| 2003 | -- | $219,066 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Southeast Bend
Nearby schools
Schools provided by the listing agent
- Elementary: R E Jewell Elem
- Middle: High Desert Middle
- High: Caldera High
Source: Oregon Datashare. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
