61554 Parrell Rd Bend, OR 97702
This exceptional 1-acre parcel in Bend, Oregon, presents a remarkable opportunity for multifamily development. Located at 61554 Parrell Rd, in Deschutes County, zip code 97702 (44.0352804, -121.3037088), this property is zoned RM, allowing for the construction of up to 21.5 residential units. The land's ideal location within the desirable Southeast Bend area offers convenient access to local amenities, attractions, and transportation routes. The asking price for this prime development site is $1,200,000. This represents a significant investment opportunity for developers seeking to capitalize on Bend's thriving real estate market and strong demand for residential housing. The property's zoning designation ensures a streamlined development process, minimizing potential delays and uncertainties. With its substantial development potential and strategic location, this 1-acre lot is poised to deliver exceptional returns. Serious inquiries are encouraged to explore the full potential of this remarkable property and its capacity to generate significant value. All information provided is deemed reliable but not guaranteed and should be independently verified.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.