Back on market with great new price. Studio Garden Apartments. Iconic Bend, Oregon apartment homes located in the heart of the community. First time ever on the market. Family developed, owned, and managed since the 1970's.
22 garden style units on 2.82 acres in a beautiful, wooded setting with seasonal canal running through. 3 two story buildings containing 10 one bed one bath apartments and 12 two bed one bath apartments. Plus two laundry rooms with storage units.
Extremely well managed and maintained. Always fully occupied.
And best of all, over an acre of developable property all zoned RM for multifamily housing.
Closed
$3,800,000
1000 NE Butler Market Rd #1, Bend, OR 97701
--beds
0baths
18,304sqft
Multi Family
Built in 1972
-- sqft lot
$3,798,500 Zestimate®
$208/sqft
$2,124 Estimated rent
Home value
$3,798,500
$3.61M - $4.03M
$2,124/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 31, 2025 at 09:29am
Listed by:
Compass Commercial Real Estate 541-383-2444
Bought with:
Compass Commercial Real Estate
Source: Oregon Datashare,MLS#: 220194138
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard, Electric, Radiant, Zoned
Cooling
- None
Appliances
- Included: Dishwasher, Range, Refrigerator, Water Heater
Features
- Flooring: Carpet, Laminate, Vinyl
- Windows: Vinyl Frames
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 18,304
- Total interior livable area: 18,304 sqft
Property
Parking
- Parking features: Asphalt, Assigned, Parking Lot
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Patio
- Exterior features: Courtyard
- Has view: Yes
- View description: Creek/Stream, Neighborhood, Territorial
- Has water view: Yes
- Water view: Creek/Stream
- Waterfront features: Stream
Lot
- Size: 2.82 Acres
- Features: Landscaped, Level, Native Plants, Sprinkler Timer(s), Sprinklers In Front, Sprinklers In Rear
Details
- Additional structures: Shed(s), Storage
- Parcel number: 169672
- Zoning description: RM
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1972
Details
- Builder name: Rogers
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Park
Location
- Region: Bend
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/30/2025 | Sold | $3,800,000-9.5%$208/sqft |
Source:  Oregon Datashare #220194138 Report a problem | ||
| 10/27/2025 | Pending sale | $4,200,000$229/sqft |
Source: Oregon Datashare #220194138 Report a problem | ||
| 9/9/2025 | Listed for sale | $4,200,000$229/sqft |
Source: Oregon Datashare #220194138 Report a problem | ||
| 8/4/2025 | Pending sale | $4,200,000$229/sqft |
Source: Oregon Datashare #220194138 Report a problem | ||
| 6/19/2025 | Listed for sale | $4,200,000$229/sqft |
Source: Oregon Datashare #220194138 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $26,808 +3.4% | $1,586,609 +2.4% |
| 2024 | $25,934 +7.9% | $1,548,910 +6.1% |
| 2023 | $24,041 +4% | $1,460,000 |
Find assessor info on the county website
Neighborhood: Boyd Acres
Nearby schools
GreatSchools rating
- 8/10North Star ElementaryGrades: K-5Distance: 2.4 mi
- 7/10Sky View Middle SchoolGrades: 6-8Distance: 2.2 mi
- 7/10Mountain View Senior High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: North Star Elementary
- Middle: Sky View Middle
- High: Mountain View 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.
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$3,798,500
2% more+ $75,970
With Zillow Showcase(estimated)
$3,874,470