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Rare westside Bend opportunity with four units on a quarter-acre RM-zoned parcel, just three blocks from Newport Avenue and about half a mile from Drake Park and downtown. The property includes two vintage 1920s homes plus a duplex, offering four doors of income while you plan what comes next. With alley access, RM zoning, Oregon's middle housing rules, and potential fee-simple ownership options through a middle housing land division, the possibilities here are hard to ignore. Hold as an investment, renovate and reposition, or explore adding density and creating something truly special in one of Bend's most desirable neighborhoods. With no off-street parking requirement and rear alley access, the site offers even more flexibility for future plans. Properties with this combination of location, income, lot size, and development potential rarely come available on the west side. Buyer to verify all development potential, zoning, and land division options with the City of Bend.
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A rough estimate, not a quote. Loan amount $1,116,000 · $279,000 down · 30 year term.
Insurance starts at $1,000 per $300K of price each year. Type your quote to replace it.
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Neighborhood
Old Bend is where the city started. It is bounded by the Deschutes River to the west, Drake Park and Franklin Avenue to the north, Highway 97 to the east, and Arizona Avenue to the south, roughly 1 square mile, and it is the smallest of the city's neighborhood association districts. Alexander M. Drake subdivided the land in 1910 through the Pilot Butte Development Company, selling the original lots for $100 to $250. The Oregon Trunk Railroad reached Bend in 1911, and the Shevlin-Hixon and Brooks-Scanlon mills opened within a month of each other in 1916, Shevlin-Hixon in March and Brooks-Scanlon in April. Bend's population went from 536 people in 1910 to 5,414 by 1920, and most of Old Bend's housing stock was built to hold that growth: small lots, alley-loaded garages, homes sized for millworkers rather than for show.
That history is why the neighborhood looks the way it does. The Drake Park Neighborhood Historic District, listed on the National Register of Historic Places on June 3, 2005 (NRHP reference 05000380), covers 17 city blocks and 83 residential lots inside Old Bend, with 82 percent of the homes built between 1910 and 1954. Fourteen architectural styles show up across those lots, led by 25 Craftsman bungalows and 17 homes in the various Colonial styles, with English Cottage, Tudor, Dutch Colonial, Spanish Colonial Revival, Georgian Revival, and California Ranch in smaller numbers. Four houses were individually listed on the National Register before the district designation: the Putnam House at 606 NW Congress (1911), the McCann House at 440 NW Congress (1915), the Moore House (1921), and the Hamilton House (1923).
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| Date | Event | Price |
|---|---|---|
| Aug 31, 2026 | Listed | $1,395,000 |
$503 per sq ft
0 days on market. Bend median to pending is 21 days.
Tax $4,100 per year.
The full analysis names every comparable sale and shows the adjustment we made for each one.
Listing fields from Spark. Place median from the live pulse. This is an estimate, not an appraisal. It is not a guarantee of price. See our terms.
New listings
Listing courtesy of Keller Williams Realty Central Oregon, agent Nick Holmboe, 541-585-3760
Data last updated September 1, 2026
Based on information from Oregon Data Share. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is for consumers personal, non-commercial use only.
Sep 2024 to Aug 2026 (24 months) · Market Truth leftover, Bend city, monthly median close. Completed months only.
This home is listed at $1,395,000, 46.8% above the Bend median list price. See full Bend market →