1028 N 3rd St Unit 1034 Woodburn, OR 97071
Estimated payment $4,854/month
Highlights
- Territorial View
- Landscaped with Trees
- Baseboard Heating
- No HOA
- Outdoor Storage
- 4 Car Garage
About This Home
Rare opportunity to acquire a fully occupied 4-unit multifamily property totaling 3,696 sq ft on a generous 11,326 sq ft lot. Each unit offers 924 sq ft of well-maintained living space, ideal for long-term rental stability. Located near downtown Woodburn and major commuter routes, this low-vacancy asset is poised for consistent cash flow with upside potential. Strong rental demand, separately metered units, and established tenancy make this an excellent addition to any investment portfolio. Updates include new roof, new paint and new siding as well as 80% replaced windows. Currently rented WELL under market. Listing agent has interest in ownership entity and is licensed in OR and WA.
Listing Agent
Epique Realty Brokerage Phone: 503-307-0769 License #200703296 Listed on: 07/16/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,037
Year Built
- Built in 1992 | Remodeled
Lot Details
- 0.26 Acre Lot
- Level Lot
- Landscaped with Trees
Parking
- 4 Car Garage
- Driveway
Home Design
- Composition Roof
- Plywood Siding Panel T1-11
- Concrete Perimeter Foundation
- Wood Composite
Interior Spaces
- 3,696 Sq Ft Home
- 2-Story Property
- Territorial Views
- Crawl Space
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Outdoor Features
- Outdoor Storage
Schools
- Nellie Muir Elementary School
- Valor Middle School
- Woodburn High School
Utilities
- No Cooling
- Baseboard Heating
- Electric Water Heater
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number 108501
Community Details
Overview
- No Home Owners Association
- 4 Units
- Woodburn Subdivision
- Property managed by Jars of Clay
Building Details
- Gross Income $4,353
- Net Operating Income $4,353
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,409 | $331,500 | -- | -- |
| 2023 | $6,369 | $321,850 | $0 | $0 |
| 2022 | $6,032 | $312,480 | $0 | $0 |
| 2021 | $5,856 | $303,380 | $0 | $0 |
| 2020 | $5,681 | $294,550 | $0 | $0 |
| 2019 | $5,524 | $285,980 | $0 | $0 |
| 2018 | $5,408 | $0 | $0 | $0 |
| 2017 | $5,251 | $0 | $0 | $0 |
| 2016 | $5,094 | $0 | $0 | $0 |
| 2015 | $4,943 | $0 | $0 | $0 |
| 2014 | $4,698 | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/13/2025 08/13/25 | Pending | -- | -- | -- |
| 08/09/2025 08/09/25 | For Sale | $800,000 | 0.0% | $216 / Sq Ft |
| 07/25/2025 07/25/25 | Pending | -- | -- | -- |
| 07/16/2025 07/16/25 | For Sale | $800,000 | -- | $216 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | -- | Amerititle | |
| Warranty Deed | $450,000 | Chicago Title | |
| Bargain Sale Deed | -- | First American | |
| Interfamily Deed Transfer | -- | First American | |
| Warranty Deed | $230,000 | First American |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $637,500 | New Conventional | |
| Previous Owner | $546,000 | Credit Line Revolving | |
| Previous Owner | $243,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $236,250 | Purchase Money Mortgage | |
| Previous Owner | $226,446 | FHA |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 638231879
APN: 108501
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