$275,000
$45K PRICE DROP

255 Elm St Vale, OR 97918

Estimated payment $1,716/month

Total Views 6,021
4 Beds
2 Baths
1,976 Sq Ft
$139 Price per Sq Ft

Highlights

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Property is Fully Fenced
  • Vale Middle School Rated A-

About This Home

Updated and Well Maintained Duplex, Both Units are Rented! Current Rents Exceed $2000.00 a month. The Owner Will Consider Owner Carry with 30% Down and Approved Credit

Listing Agent

Martin Justus

Four Star Real Estate Brokerage Phone: 541-889-8801 Listed on: 05/15/2025

Co-Listing Agent

John Dillon

Four Star Real Estate Brokerage Phone: 541-889-8801

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,614

Year Built

  • Built in 1998

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 120x72
  • Property is Fully Fenced

Home Design

  • Duplex
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,976 Sq Ft Home
  • Laminate Flooring
  • Stove
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Carport
  • Driveway
  • Open Parking

Schools

  • Vale K-8 Elementary School
  • Vale Jr. High Middle School
  • Vale High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number Tax Lot 1206 Map# 18S4519DC

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $7,785
  • Gross Income $26,700
  • Net Operating Income $18,915

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,614

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Year Built: 1998
  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Lot Size: 120x72
  • CapRate: 6
  • Co List Office Mls Id: 10663
  • Co List Office Phone: 541-889-8801
  • Ownership: Fee Simple
  • Subdivision Name: 0 Not Applic.
  • Carport Y N: Yes
  • Garage Yn: No
  • Attribution Contact: 541-889-8801
  • Special Features: None

Interior Features

  • Heating: Electric, Forced Air
  • Appliances: Stove/Range (All Units), Refrigerator (All Units)
  • Total Bedrooms: 4
  • Flooring: Laminate
  • Living Area: 1976

Exterior Features

  • Roof: Composition
  • Fencing: Full
  • Construction Type: Frame

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Carport, Finished Driveway
  • Total Parking Spaces: 4

Utilities

  • Cooling: Wall/Window Unit(s), All Units
  • Electric: Unit 1 Separate Meter, Unit 2 Separate Meter
  • Water Source: City Service
  • Laundry Features: Washer/Dryer Hookups (All Units)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Sewer Connected

Schools

  • Elementary School: Vale K-8
  • Junior High Dist: Vale School District 84
  • High School: Vale
  • Middle Or Junior School: Vale Jr. High

Lot Info

  • Lot Features: 10000SF - .49
  • Parcel Number: Tax Lot 1206 Map# 18S4519DC
  • Current Use: 2-4 Units
  • Lot Size Sq Ft: 8712
  • Zoning Description: Duplex

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2614

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 26700
  • Property Net Operating Income: 18915
  • Annual Operating Expense: 7785
  • Total Actual Rent: 2225
  • Above Grade Finished Area Units: Square Feet

Map

Range of Values:

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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 $2,701 $147,617 $14,069 $133,548
2023 $2,615 $143,318 $14,884 $128,434
2022 $2,544 $139,144 $19,065 $120,079
2021 $2,546 $135,092 $21,011 $114,081
2020 $2,415 $131,158 $18,452 $112,706
2019 $2,201 $127,338 $19,282 $108,056
2018 $2,064 $123,630 $18,720 $104,910
2017 $2,027 $122,590 $18,720 $103,870
2016 $1,926 $119,316 $18,682 $100,634
2015 $1,961 $115,841 $17,831 $98,010
2014 $1,989 $112,467 $16,722 $95,745
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2025 08/18/25 Price Changed $275,000 -14.1% $139 / Sq Ft
05/15/2025 05/15/25 For Sale $320,000 -- $162 / Sq Ft
Source: Intermountain MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Quit Claim Deed -- None Available
Special Warranty Deed $97,000 None Available
Deed $57,623 First Ameilcan Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $72,750 Commercial
Source: Public Records

Source: Intermountain MLS

MLS Number: 98947247

Intermountain MLS

APN: 19522