Located in SW Bend's Blakely Heights neighborhood, this 0.95-acre site (two RM-zoned lots sold together) presents a rare infill development opportunity just 2 miles from the Old Mill District. Previously approved by the City of Bend for a 20-unit apartment project, the property includes available architectural, civil, and landscape design work—a valuable foundation for re-entitlement, redesign, or new construction. All city utilities are nearby and up to 30 units under current RM zoning standards, offering flexibility for apartments, townhomes, or condominiums. Positioned in an established neighborhood with active new development, the property provides strong community integration and long-term investment potential. With easy access to schools, parks, shopping, and river trails, this ready-to-develop site offers an excellent opportunity for builders, developers, or investors seeking a multifamily project in high demand area of SW Bend. Buyer to perform own due diligence.
Active
$1,200,000
20192 Reed Ln, Bend, OR 97702
--beds
0baths
0.95Acres
Investment, Land
Built in ----
0.95 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 36 days |
- 98 |
- 2 |
Zillow last checked: 8 hours ago
Listing updated: December 05, 2025 at 09:14am
Listed by:
Stellar Realty Northwest 541-508-3148
Source: Oregon Datashare,MLS#: 220211833
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Features
- Has fireplace: No
Property
Lot
- Size: 0.95 Acres
Details
- Additional parcels included: 20192 Reed Lane will be sold with 20190 Reed Lane as a combined land sale and development opportunity. 20190 Reed Lane (tax lot #181208B001103) & 20192 Reed Lane (tax lot #181208B001101)
- Parcel number: 120012
- Zoning description: RM
- Special conditions: Standard
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: Blakley Heights
HOA
- Has HOA: No
Location
- Region: Bend
Financial & listing details
- Tax assessed value: $237,160
- Annual tax amount: $1,522
- Date on market: 11/11/2025
- Cumulative days on market: 36 days
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
$2,747/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/11/2025 | Listed for sale | $1,200,000-86.3% |
Source:  Oregon Datashare #220211833 Report a problem | ||
| 1/21/2023 | Listing removed | -- |
Source:  RE/MAX International Report a problem | ||
| 1/18/2023 | Listed for sale | $8,737,059+628.1% |
Source: Oregon Datashare #220131806 Report a problem | ||
| 1/2/2023 | Listing removed | -- |
Source: RE/MAX International Report a problem | ||
| 12/13/2022 | Price change | $1,200,000-14.3% |
Source: Oregon Datashare #220151309 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,465 +7.9% | $87,510 +6.1% |
| 2023 | $1,358 +4% | $82,500 |
| 2022 | $1,307 -61.1% | $82,500 -59.9% |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: Southern Crossing
Nearby schools
GreatSchools rating
- 7/10Pine Ridge Elementary SchoolGrades: K-5Distance: 1.1 mi
- 10/10Cascade Middle SchoolGrades: 6-8Distance: 1.3 mi
- 5/10Bend Senior High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Pine Ridge Elem
- Middle: Cascade Middle
- High: Bend Sr High
Source: Oregon Datashare. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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