NOT LISTED FOR SALE

10656 Highway 126 Mapleton, OR 97453

Estimated Value: $544,444

Studio
2 Baths
5,215 Sq Ft
$104/Sq Ft Est. Value

Last Sold September 13, 2022

Last sale price $527,000 $101 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,104/month

136 Days on Market

Highlights

  • Storage
  • High Speed Internet
  • Wood Siding
  • Baseboard Heating
  • Level Lot

About This Home

As of September 2022

Mixed use investment opportunity! Mapleton Oregon Post Office, plus 5 residential units. One unit is freshly remodeled (as seen in pictures), with occupancy in the additional units. This is a perfect value-add opportunity, or remodel upon turnovers. It's hard to find a secure passive income property like this one! Call your Broker for more info on rent rolls and property info.

Last Agent to Sell the Property

Brent Cole

Triple Oaks Realty LLC License #200607178 Listed on: 04/04/2022

Last Buyer's Agent

Brent Cole

Triple Oaks Realty LLC License #200607178 Listed on: 04/04/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,840

Year Built

  • Built in 1965

Lot Details

  • 1.1

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 5,215 Sq Ft Home
  • 2-Story Property
  • Storage

Parking

  • Paved Parking
  • Open Parking

Schools

  • Mapleton Elementary And Middle School
  • Mapleton High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater
  • Septic Tank
  • High Speed Internet

Additional Features

  • Level Lot
  • Flood Zone Lot

Listing and Financial Details

  • Rent includes ground maintenance, trashcollection
  • Assessor Parcel Number 766434

Community Details

Overview

  • 6 Units
  • Property managed by Linda Westphal - Action RE Flo

Building Details

  • Operating Expense $5,312
  • Gross Income $57,080
  • Net Operating Income $51,768

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,840

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1965
  • Property Condition: Approximately
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Current Price For Status: 527000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: Attached
  • Lot Size Range: Acres1to3

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 1 to 2.99 Acres
  • Foundation Details: Slab
  • View: No
  • Lot Features: FloodZone, Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Open, Paved
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: SepticTank
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: Linda Westphal - Action RE Flo

Schools

  • Elementary School: Mapleton
  • High School: Mapleton
  • Middle Or Junior School: Mapleton

Lot Info

  • Zoning: RC
  • Parcel #: 766434

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 2839.92

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 10.42
  • Annual Gross Income: 57080.0
  • Property Net Operating Income: 51768.0
  • Annual Operating Expense: 5312.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 18, 2006
Sold by
Kuper Craig and Kuper Regina
Bought by
Kuper Craig P and Kuper Regina
Current Estimated Value
$544,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$447,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2006
Sold by
Terry Cavanagh Revocable Trust
Bought by
Hammerhead Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$447,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2005
Sold by
Crum Gary L and Crum Sally J
Bought by
Cavanagh Terrance Patrick and Kuper Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,000
Interest Rate
5.92%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 28, 2004
Sold by
Ellingson Richard Keith and Johnson Wayne B
Bought by
Crum Gary L and Crum Sally J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,000
Interest Rate
5.92%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Kuper Craig P -- None Available
Hammerhead Investments Llc $527,000 --
Cavanagh Terry -- --
Cavanagh Terrance Patrick $383,000 First American Title
Crum Gary L $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hammerhead Investments Llc $447,000
Previous Owner Cavanagh Terrance Patrick $263,000
Previous Owner Crum Gary L $41,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2022 09/13/22 Sold $527,000 -11.4% $101 / Sq Ft
08/18/2022 08/18/22 Pending -- -- --
07/25/2022 07/25/22 For Sale $595,000 0.0% $114 / Sq Ft
07/17/2022 07/17/22 Pending -- -- --
06/17/2022 06/17/22 Price Changed $595,000 0.0% $114 / Sq Ft
06/17/2022 06/17/22 For Sale $595,000 -0.7% $114 / Sq Ft
05/09/2022 05/09/22 Pending -- -- --
04/22/2022 04/22/22 For Sale $599,000 0.0% $115 / Sq Ft
04/12/2022 04/12/22 Pending -- -- --
04/04/2022 04/04/22 For Sale $599,000 -- $115 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

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
2025 $3,425 $276,317 -- --
2024 $3,318 $268,269 -- --
2023 $3,318 $260,456 -- --
2022 $3,094 $252,870 $0 $0
2021 $2,840 $245,505 $0 $0
2020 $2,833 $245,505 $0 $0
2019 $2,806 $245,505 $0 $0
2018 $2,630 $241,701 $0 $0
2017 $2,922 $241,701 $0 $0
2016 $2,814 $234,661 $0 $0
2015 $2,518 $232,338 $0 $0
2014 $2,540 $226,142 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22325737

Regional Multiple Listing Service (RMLS)

APN: 0766434