Single-Level Duplex with Private
21130 SE Reed Market Road, Bend, OR 97702
For Sale
New
$575,000
Residential Income, Bend, OR
Property Size1,706 SF
Lot Size0.53 Acres
Price / SF$337.05
Days on Market5
Property Features for 21130 SE Reed Market Road
General Information
Property type
Property subtype
Zoning description
Parking features
Patio and Porch features
Interior features
Fireplace
Appliances
Subdivision
Lot features
View
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Amenities
private garage
covered enclosed rear patio
fenced back yard
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
RE/MAX Key Properties · RE/MAX International
(541) 728-0033
Listed By:
Michelle Rene Tisdel · License OR #200502413
(541) 390-3490
Added: Nov 9
Last Checked: Nov 13 at 8:06AM
MLS# 220230923
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This ranch-style duplex contains 1,706 square feet across two single-level residences, each configured with two bedrooms and one bathroom. Both units have a private garage, an enclosed covered rear patio, and a fenced backyard. Built in 1971, the property has frame construction, composition roofing, and wall-furnace heat. Public water and sewer serve the site.
The 0.53-acre lot includes RV parking. Interior features include laminate counters, a shower-and-tub combination, and carpet, tile, simulated wood, and vinyl flooring. Appliances include a dishwasher, microwave, oven, range, range hood, refrigerator, and water heater. A fireplace is also present.
The 0.53-acre lot includes RV parking. Interior features include laminate counters, a shower-and-tub combination, and carpet, tile, simulated wood, and vinyl flooring. Appliances include a dishwasher, microwave, oven, range, range hood, refrigerator, and water heater. A fireplace is also present.
Key Highlights
- Two‑unit duplex with 1,706 square feet
- Each residence offers 2 bedrooms and 1 bathroom
- 0.53‑acre parcel with RV parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,932
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,640
$478.6K
Cap Rate 7%
$341,886
$341.9K
Cap Rate 9%
$265,911
$265.9K
Market Conditions
NOI Build-Up for 1,706 SF
Gross rent
$36.8K $21.60/SF
− Vacancy
−$2.7K −$1.56/SF
EGI
$34.2K $20.04/SF
− OpEx
−$10.3K −$6.01/SF
NOI
$23.9K $14.03/SF
Area
Bend, OR
Vacancy
7.22%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,640
Cap Rate 7%
$341,886
Cap Rate 9%
$265,911
Alternative Uses
Best Use
Multifamily LT 5
$341.9K
$299.2K – $398.9K
NOI $23,932 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$312.1K
$273.1K – $364.1K
NOI $21,848 @ 7.0% cap · market cap 3.80%
Theoretical Best
Specialty Retail
$737.0K
$644.9K – $859.8K
NOI $51,589 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 97702, OR
51,161
Population
23,318
Households
2.2
Avg Household Size
42
Median Age
46%
College-Educated
96%
High-School Grad
103.5 sq mi
ZIP Area
494
Density / Sq Mi
$89,094
Median Household Income
$47,743
Median Earnings
$1,825
Median Rent
$620,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Deschutes County, OR
Properties on Market for Duplexes in Deschutes County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom residences sit on a 0.53-acre parcel, with enclosed patios and fenced rear yards.
Where is this duplex located?
The property is located at 21130 SE Reed Market Road Bend, OR.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,706 square feet; Each residence offers 2 bedrooms and 1 bathroom; 0.53‑acre parcel with RV parking
