$490,000

202 E 1st St Wallowa, OR 97885

Estimated payment $2,756/month

Total Views 747
0.15 Acre
$3,266,667 Price per Acre
6,534 Sq Ft Lot

About This Lot

Prime Highway 82 Investment Opportunity in Downtown Wallowa! Positioned in the heart of Wallowa with 60 feet of unbeatable storefront exposure, this property includes two commercial buildings packed with potential. Currently home to a mix of established tenants - a hair salon, retail shop, coffee shop, barber shop, and a studio apartment - this investment already generates reliable income. Beyond the existing rentals, the property boasts three additional vacant storefronts (two facing Hwy 82 and one on Pine Street), plus extra unused space waiting to be transformed into whatever you envision - boutiques, offices, studios, or more. Recent upgrades give peace of mind and polish: a newer 40-year roof, updated plumbing and electrical, and refreshed interiors with modern bathrooms, new flooring, and stylish finishes. With strong income in place and plenty of room for growth, this property is a standout opportunity for investors or entrepreneurs. Even better, the owner is open to carrying a contract, making it easier than ever to step into this prime location.202 & 204 E First Street are included in the sale.

Listing Agent

Kirk Makin

Ruby Peak Realty Listed on: 10/06/2025

Listing Provided By

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,076

Lot Details

  • Current uses include commercial, industrial

Property Details

Property Type

Land

Est. Annual Taxes

$2,076

Lot Details

0

Listing Details

  • Office Phone: 458-309-2837
  • Listing Website: https://www.land.com/property/0.15-acre-in-wallowa-county-oregon/25066643/
  • Property Type: Lot / Land
  • Property Sub-Type: Other
  • Offered By: LandNetwork
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Has Attic: No
  • Disability Access: No
  • Sprinklers: No

Lot Info

  • Current Use: Commercial, Industrial

Multi Family

  • Utilities Available: City Sewer, City Water

Map

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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
2024 $2,076 $135,858 $37,022 $98,836
2023 $2,012 $131,901 $36,757 $95,144
2022 $1,953 $128,060 $36,905 $91,155
2021 $1,883 $124,331 $37,256 $87,075
2020 $1,631 $120,710 $36,170 $84,540
2019 $1,607 $118,279 $35,511 $82,768
2018 $1,580 $114,834 $8,567 $106,267
2017 $1,418 $104,460 $32,300 $72,160
2016 $1,420 $104,460 $0 $0
2015 $1,372 $100,810 $31,430 $69,380
2014 $1,440 $105,600 $32,570 $73,030
2013 $1,485 $108,720 $35,690 $73,030
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2025 10/06/25 For Sale $490,000 -- --

Purchase History

Date Type Sale Price Title Company
Warranty Deed $53,000 Wallowa Title Company
Source: Public Records
Oregon Wallowa County Wallowa 97885

202 E 1st St, Wallowa, OR

For Sale

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Nearby Homes
Listing Agent
Kirk Makin
Ruby Peak Realty
(458) 309-2837