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Downtown Bend investment opportunity meets modern mountain living. These newly completed townhomes are designed for your active lifestyle in this charming historic neighborhood. Across the street, enjoy freshly baked sourdough or locally roasted coffee at Jackson's Corner, with the Old Mill, Deschutes River, downtown, and Box Factory just around the corner. This desirable end unit offers two spacious primary suites with private baths, enhanced by a California Closet systems for elevated organization. Private storage shed provides secure space for bikes, skis, and gear, while the spacious, fully fenced, low-maintenance backyard is a rare find in this location. Energy-efficient construction, zoned heating/cooling, and lock-and-leave design ensure ease of ownership. Investors will value the highly rentable location, while second-home buyers will love the lifestyle. With no costly HOA dues and a $10,000 financing incentives, this home is all about quality and value. Make it yours today.
A rough estimate, not a quote. Loan amount $572,000 · $143,000 down · 30 year term.
Insurance starts at $1,000 per $300K of price each year. Type your quote to replace it.
0.02 acres on the county assessor’s map, tax lot 171232CC11201 · County record
Lot lines come from the county assessor’s tax maps. They show the recorded shape of a parcel, not a survey, and they are not a legal boundary. Order a survey before you rely on a line.
0.02 acres on the county assessor's map. Tax lot 171232CC11201, Deschutes County Assessor's Office. Lot lines come from the county assessor’s tax maps. They show the recorded shape of a parcel, not a survey, and they are not a legal boundary. Order a survey before you rely on a line. Roads, rivers and lakes: US Census TIGER/Line 2024, drawn in this map's own projection.
11 listings of every type for sale, 3 pending, 2 sold in the last 30 days. Tap a place for its numbers, or slide the price.
In Bend, the largest city in Central Oregon, between the high desert and the Cascades.
Every active and pending listing of every property type on the regional MLS through Oregon Data Share inside the recorded boundary of Old Bend, plus the closes of the last 30 days. Counts and medians cover every listing read for this map. The map outlines the 21 places with a recorded boundary; listings outside them are counted and drawn as dots with no outline to tap. Roads, rivers and lakes: US Census TIGER/Line 2024, drawn in this map's own projection.
Education
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).
Daily life
Drive times
| Date | Event | Price |
|---|---|---|
| Nov 10, 2025 | Price drop | $705,000$10K down |
| Oct 2, 2025 | Listed | $715,000 |
$672 per sq ft
38 days on market. Bend median to pending is 22 days.
Tax $2,182 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
Monthly cash flow, cap rate, and cash-on-cash return at this price. Adjust the numbers to your own financing and rent.
Estimate $1,667 ($1,500 to $1,925) · HUD Fair Market Rent (FY2025), Deschutes County, 2BR. Edit to your own number.
Cash flow
-$2,820/mo
Cap rate
1.7%
Cash on cash
-23.7%
Cash needed
$143,000
At $715,000 with 20% down, this property runs $2,820 per month negative. Adjust the price, down payment, or rent to find what works.
Monthly cash flow
| Year | Value | Equity | Cash flow |
|---|---|---|---|
| 1 | $736,450 | $170,260 | -$33,845 |
| 2 | $758,544 | $198,584 | -$33,609 |
| 3 | $781,300 | $228,022 | -$33,368 |
| 5 | $828,881 | $290,448 | -$32,871 |
| 10 | $960,900 | $470,053 | -$31,539 |
| 20 | $1,291,370 | $963,613 | -$28,445 |
| 30 | $1,735,493 | $1,735,493 | -$24,674 |
Estimates only, not investment advice or a guarantee of rent, value, or return. Figures depend on the numbers you enter and current market conditions. Verify with your lender, tax advisor, and a Ryan Realty broker before you rely on them.
Listing courtesy of Varsity Real Estate, agent Cole Billings, 541-215-4442
Data last updated September 3, 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.
Median close price $750,000 in Aug 2026, down 5.7% from Aug 2025.
Sep 2024 to Aug 2026 (24 months) · Market Truth leftover, Bend city, monthly median close. Completed months only.
This home is listed at $715,000, 24.9% below the Bend median list price. See full Bend market →