Investor's dream! This duplex sits on just over half an acre, offering huge potential with the city's new density codes. Each unit features 2 bedrooms, 1 bathroom, and a private garage, making it ideal for rental income or multi-generational living. While the property needs some work, it provides a fantastic opportunity to add value and maximize returns. With plenty of space for expansion or redevelopment, the possibilities are endless. Don't miss this chance to capitalize on a rapidly growing area!
Multi-familyProperty Type
1971Year Built
0.53 acresLot Size
$351Price/Sq.Ft.
1 spaceParking
Listed by Spencer Brennan• Relevant Real Estate LLC
Larkspur, located between Pilot Butte State Scenic Viewpoint and Bend’s Old Mill District, is a residential and commercial Bend neighborhood with mid-century streetscapes and pocket parks. The neighborhood’s energy concentrates around the NE 3rd Street and NE Greenwood Avenue corridor, where coffee counters, bike shops, and local eateries set a steady, day-to-day rhythm. Community pillars include The Forum Shopping Center, Worthy Brewing Co., and Bend Rock Gym. Housing ranges from ranch-style homes to newer infill, with sidewalks and mature trees shaping the blocks. Pilot Butte’s trails and viewpoints frame the skyline, while nearby greenways and schools anchor daily routines. A mix of small offices and light retail along 3rd Street keeps the area active without feeling like a downtown district.
Provided by Walk Score and Local Logic
Market insights
21130 SE Reed Market Rd · $599,000
DAYS ON MARKET
514 days
The average home goes pending in 136 days.
SALE-TO-LIST
99.1%
Most homes are selling 1% below list price.
LIST PRICE
$599,000
Median list price in this area is $687,945. (15% higher than this home)
PRICE DROP
4 price drops
15% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Laminate counters
Linen closet
Primary bedroom on the lower level
Shower/tub combo
Wood-burning fireplace
Dishwasher
Dryer
Oven
Range
Range hood
Refrigerator
Washer
Water heater
Carpet flooring
Tile flooring
Vinyl flooring
Has heating (wall furnace and wood)
Bedrooms
Unit 1: 2 bedrooms (downstairs primary)
Unit 2: 2 bedrooms
Bathrooms
Unit 1: 1 full bath
Unit 2: 1 full bath
Shower/tub combos
Kitchen
Dishwasher
Oven
Range
Range hood
Refrigerator
Laminate counters
Laundry & utility
Washer
Dryer
Water heater
Flooring
Carpet
Tile
Vinyl
Heating & cooling
Wall furnace
Wood heating
No central air
Exterior features
Composition roof
Shed(s) on the property
Double-pane windows with vinyl frames
Carbon monoxide and smoke detectors
RV access/parking
Gravel driveway
Landscaped lot (0.53 acre)
Home design
Duplex (residential income)
Single-story (one level)
Built in 1971
Frame construction
Stemwall foundation
One common wall
Home Energy Score verified (2025)
Parking
Attached garage
Two garages total
Driveway
RV access/parking
Gravel parking surfaces
Security
Audio and video surveillance on the premises
Carbon monoxide detector(s)
Smoke detector(s)
Construction
Frame construction
Composition roof
Stemwall foundation
Year built: 1971
Utilities
Public water
Public sewer
Electricity connected
Cable connected
Phone connected
High-speed internet available
HOA & community
No CCRs
Financial info
Property is offered as residential income (duplex)
Two total units
Unit 1 current rent: $1,500/month
Unit 2 current rent: vacant or $0/month
Other
Zoning: RS
Electricity and solar
View estimated energy costs and solar savings for this home
The Standard Density Residential District is intended to provide opportunities for a wide variety of residential housing types at the most common residential densities in places where community sewer and water services are available. The residential density range in this district is 4.0 to 7.3 dwelling units per gross acre.
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Mobile home park
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.46% chance of being in a wildfire in next 30 years
3/10 Heat Factor
7 days above 90° expected this year, 16 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
19 unhealthy days expected this year, 22 days in 30 years
Provided by First Street
Historical weather
Bend, OR • 97702
Average low and high temperatures (°F)
44
27
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27
54
34
60
34
69
40
76
46
84
54
82
52
77
48
61
37
49
32
45
32
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 21130 SE Reed Market Rd
$582,523
$16K under list price of $599K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $570K to $660K.