Rare westside Bend opportunity with four units on a quarter-acre RM-zoned parcel, just one block from Jacksons Corner 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.
Multi-familyProperty Type
1922Year Built
0.26 acresLot Size
$466Price/Sq.Ft.
Listed by Nick Holmboe• Keller Williams Realty Central Oregon
Listed by Shelly Hummel• Keller Williams Realty Central Oregon
Make a winning offer with the help of a local agent
Around this home
Schools
K - 12
Preschool & daycare
Amity Creek Elementary School
Public K-5 • Assigned • 0.1mi
10/10
Cascade Middle School
Public 6-8 • Assigned • 1.6mi
10/10
Summit High School
Public 9-12 • Assigned • 2.1mi
10/10
Provided by GreatSchools
About Old
Bend
Old Bend, located between the Deschutes River and Downtown Bend, is a historic and walkable Bend neighborhood with tree-lined streets and riverfront parks. The neighborhood’s character concentrates around NW Galveston Avenue near the Newport Avenue roundabout, where patios, bike racks, and small storefronts set a steady, social pace. Drake Park frames the river edge with lawns and footbridges, while nearby Craftsman bungalows and mid-century homes define the blocks. The Tower Theatre and Bend Brewing Company act as local pillars for film nights and pints. Mirror Pond and the Deschutes River Trail shape daily routes on foot or by bike. Coffee at Thump and a browse at Dudley’s Bookshop Café round out the routine.
Provided by Walk Score and Local Logic
Offer insights
942 NW Delaware Ave · $1,295,000
$1.29M and above
75% chance or better to win
Why $1.29M+ is a strong offer
DAYS ON MARKET
67 days
The average home goes pending in 32 days.
SALE-TO-LIST
96.7%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Ceiling fan(s)
Laminate countertops
Shower/tub combo
Soaking tub
Partial unfinished basement
Bedrooms
Unit 1: 1 bedroom
Unit 2: 1 bedroom
Unit 3: 1 bedroom
Unit 4: 3 bedrooms
Bathrooms
Unit 1: 1 full bath
Unit 2: 1 full bath
Unit 3: 1 full bath
Unit 4: 1 full bath
Kitchen
Range
Refrigerator
Laundry & utility
Water heater
Flooring
Hardwood
Laminate
Vinyl
Heating & cooling
Natural gas heating
Wall furnace
No central air
Exterior features
Shaded lot with native plants
Fenced yard
Level lot
Shed(s)
Shared access road frontage
Paved road
Home design
One-story building
Residential income property (multi-family)
Built in 1922
Parking
Alley access
Gravel parking
No garage
4 additional off-street parking spaces
Security
Carbon monoxide detector(s)
Smoke detector(s)
Construction
Frame construction
Composition roof
Concrete perimeter and pier/pillar foundation
Utilities
Public water
Public sewer
Electricity connected
Natural gas connected
HOA & community
No CCRs
Financial info
Four total units
Separate electric meters for units
Separate gas meters for units
Monthly rents (by unit): Unit 1 $1,630; Unit 2 $1,395; Unit 3 $1,185; Unit 4 $2,075
Other
Zoning: RM
Green/Home energy verification present (verification year 2026, home energy score available)
Electricity and solar
View estimated energy costs and solar savings for this home
The Medium and High Density Residential Districts are intended to provide land for a mix of middle housing, multi-unit dwellings and single-room occupancies in locations that are convenient to service commercial uses and future transit opportunities.
The Medium Density Residential District is intended to provide primarily for the development of multi-unit residential in areas where sewer and water service are available. The residential density range in the district is 7.3 to 21.7 units per gross acre and must provide a transitional use area between other Residential Districts and other less restrictive areas.
Permitted uses
Include but are not limited to:
Day care facility
Laundromat
General retail
Housing-Single unit
Housing-Multiple units
Housing-Senior
Mixed use building
Office
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
21 unhealthy days expected this year, 24 days in 30 years
Provided by First Street
Historical weather
Bend, OR • 97703
Average low and high temperatures (°F)
43
27
46
27
55
34
61
34
70
41
78
47
87
55
85
55
79
49
59
37
49
34
46
32
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
84/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 942 NW Delaware Ave
$1,250,954
$44K under list price of $1.30M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $950K to $1.8M.