$950,000
$75K PRICE INCREASE

Estimated payment $5,205/month

Total Views 6,033
8 Beds
8 Baths
3,212 Sq Ft
$296 Price per Sq Ft

Highlights

  • No HOA
  • Level Lot
  • Heat Pump System
  • Ductless Heating Or Cooling System
  • Lap Siding

About This Home

Brand new 4-unit multifamily investment opportunity! Completed at the end of 2024, this modern build features three attached units and one standalone—each thoughtfully designed with 2 bedrooms, 1.5 baths, and a spacious two-story townhome layout. All units are currently leased to the first-ever tenants. Interior features include hard surface flooring throughout, ductless heat pumps, washer/dryer hookups, and full appliance packages (fridge, stove, range hood, and dishwasher). Tenants also enjoy small private fenced backyards and designated off-street parking. A turnkey, low-maintenance asset ready for your investment portfolio!

Listing Agent

Jami Myers

Triple Oaks Realty LLC Brokerage Phone: 541-505-0291 License #201223935 Listed on: 06/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,260

Year Built

  • Built in 2023

Lot Details

  • 6,098 Sq Ft Lot
  • Level Lot

Home Design

  • Slab Foundation
  • Composition Roof
  • Lap Siding

Interior Spaces

  • 3,212 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 4 Parking Spaces
  • Assigned Parking

Schools

  • Malabon Elementary School
  • Cascade Middle School
  • Willamette High School

Utilities

  • Ductless Heating Or Cooling System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0415719

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Active Bethel Community Subdivision

Building Details

  • Operating Expense $10,117
  • Gross Income $64,560
  • Net Operating Income $54,443

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,260

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2023
  • Property Condition: Existing
  • Property Attached Yn: No
  • Current Price For Status: 950000.0
  • Open House: No
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: None
  • Total Bedrooms: 8
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: LapSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: Slab
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned
  • Attached Garage: No
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: HeatPump
  • Cooling Y N: Yes
  • Heating: Ductless
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Malabon
  • High School: Willamette
  • Middle Or Junior School: Cascade

Lot Info

  • Zoning: R1
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098.0
  • Parcel #: 0415719

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 2260.5

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 14.71
  • Annual Gross Income: 64560.0
  • Property Net Operating Income: 54443.0
  • Annual Operating Expense: 10117.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
2025 $6,801 $391,014 -- --
2024 $2,261 $129,435 -- --
2023 $2,261 $95,562 $0 $0
2022 $1,600 $92,779 $0 $0
2021 $1,566 $90,077 $0 $0
2020 $1,521 $87,454 $0 $0
2019 $1,446 $84,907 $0 $0
2018 $1,406 $80,033 $0 $0
2017 $1,343 $80,033 $0 $0
2016 $1,309 $77,702 $0 $0
2015 $1,283 $75,439 $0 $0
2014 $1,099 $63,669 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2025 06/24/25 Price Changed $950,000 +8.6% $296 / Sq Ft
06/18/2025 06/18/25 For Sale $875,000 -- $272 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $130,000 Fidelity National Title
Warranty Deed $90,000 Fidelity Natl Ttl Co Of Or
Warranty Deed $32,000 Evergreen Land Title Company
Warranty Deed $32,000 Evergreen Land Title Co
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes -- None Available
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $100,000 Commercial
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 652196609

Regional Multiple Listing Service (RMLS)

APN: 0415719