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    20192 Reed Ln Bend, OR 97702

    For Sale
    $1,200,000

    Investment - Bend, OR

    Lot size:
    0.95 Acres
    Days on Market:
    26
    Last Refresh:
    Dec 5 at 12:06 pm

    Property Features for 20192 Reed Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM
    APN
    120012
    Lot size
    0.95 Acres

    Building Details

    Architectural style
    Other

    Stellar Realty Northwest (541) 508-3148 [email protected]

    Listing agent Tiffany Vasquez (541) 508-3148 License #201242985

    Listing date Nov 10, 2025

    MLS# 220211833 Listing URL

    Copyright © 2025 MLS of Central Oregon. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bend, Oregon Development Opportunity

    Located in the Blakely Heights neighborhood of Southwest Bend, this 0.95-acre site features two RM-zoned lots being sold together. The property is situated approximately 2 miles from the Old Mill District. Previously approved for a 20-unit apartment project by the City of Bend, the site includes available architectural, civil, and landscape design work. City utilities are nearby. Current RM zoning standards allow for up to 30 units, providing flexibility for apartments, townhomes, or condominiums. The property is located in an established neighborhood with ongoing new development. It offers access to schools, parks, shopping, and river trails. This site is suitable for builders, developers, or investors seeking a multifamily project.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bend
    County
    Deschutes
    State
    Oregon
    Longitude
    -121.313925
    Latitude
    44.032808

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    FAQs

    What type of property is this?
    Residential land & home lot - 0.95-acre site near Old Mill District, Bend, Oregon.
    Where is this residential land & home lot located?
    The property is located at 20192 Reed Ln Bend, OR.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Development opportunity in SW Bend's Blakely Heights, just 2 miles from the Old Mill District.; - Large 0.95-acre site suitable for multifamily development.; - Previously approved for a 20-unit apartment project with available architectural, civil, and landscape design work.
    (541) 508-3148
    Request Owner's contact information
    20192 Reed Ln Bend, OR 97702
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    Bend, OR 97702
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    20192 Reed Ln Bend, OR 97702
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