Discover charm, character & opportunity on this spacious .25-acre RM zoned lot located in the heart of Old Mill Estates. Just a few blocks from the Deschutes River, Old Mill District & Amphitheatre, this property places you at the center of Bend's most vibrant lifestyle amenities. Float the river, enjoy a concert, or explore shopping & dining just steps away. This lovingly maintained 1950s single-level home offers 2,259 SF, 4BD, 2.5BA, blending original character w/ thoughtful updates. Highlights incl. oversized rooms, SS appl's, newer furnace & electrical panel, A/C, ADA features, room for RV parking, & offers multiple lovely outdoor living spaces. The 4th BD features a private entrance & a bath, ideal for a home office. A rare bonus is the 320 SF full-height finished basement, offering endless possibilities. With zoning that allows for a min of 5 multi-family units, this is not just a beautiful home, it's a prime investment opportunity in one of Bend's most sought-after location.