Income property with possible development potential. Two duplexes located on .37 acre level lot in Woodburn. Four units, each two-bedroom, one-bath single level with ample parking. All units rented; a couple with long term tenants with below market rents. Range, refrigerator included. Washer/dryer hookup in kitchen. Tenants pay all utilities except for garbage on two units. Rent and actual income based on 10% rent increase effective 9/1/24. Possible opportunity to build additional units. Preliminary conversation with City of Woodburn, along with approved land use on 3rd st (see attached) suggest possible development opportunity. Buyer to do all due diligence on development.
$800,000
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
Paul Campbell Epique Realty
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $650,000 | First American Title | |
| Warranty Deed | $650,000 | First American Title | |
| Bargain Sale Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $487,500 | New Conventional | |
| Closed | $487,500 | New Conventional |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/09/2025 01/09/25 | Sold | $650,000 | -7.1% | $195 / Sq Ft |
| 11/14/2024 11/14/24 | Pending | -- | -- | -- |
| 10/22/2024 10/22/24 | Price Changed | $699,900 | -12.5% | $210 / Sq Ft |
| 06/04/2024 06/04/24 | For Sale | $799,900 | -- | $240 / Sq Ft |
| 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 | $4,937 | $255,370 | -- | -- |
| 2023 | $4,906 | $247,940 | $0 | $0 |
| 2022 | $4,647 | $240,720 | $0 | $0 |
| 2021 | $4,511 | $233,710 | $0 | $0 |
| 2020 | $4,377 | $226,910 | $0 | $0 |
| 2019 | $4,256 | $220,310 | $0 | $0 |
| 2018 | $4,166 | $0 | $0 | $0 |
| 2017 | $4,045 | $0 | $0 | $0 |
| 2016 | $3,925 | $0 | $0 | $0 |
| 2015 | $3,808 | $0 | $0 | $0 |
| 2014 | $3,441 | $0 | $0 | $0 |
Seller's Agent in 2025
Nanci Egan
John L. Scott
(503) 421-9099
5 in this area
47 Total Sales
O
Buyer's Agent in 2025
OR and WA Non Rmls
Non Rmls Broker
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 24626528
APN: 512863
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