$425,000
$125K PRICE DROP

390 Court St N Vale, OR 97918

Estimated payment $2,611/month

Total Views 5,561
8 Beds
5 Baths
4,880 Sq Ft
$87 Price per Sq Ft

Highlights

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Partially Fenced Property
  • Vale Middle School Rated A-

About This Home

Located In Vale Oregon! Minutes From Vale BLM Headquarters! 5 Plex! Excellent Income! Well Maintained! Long-Term Renters! Owner Will 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

  • Apartment

Est. Annual Taxes

  • $3,542

Year Built

  • Built in 1948

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 94x100
  • Partially Fenced Property

Parking

  • 8 Parking Spaces

Home Design

  • 4,880 Sq Ft Home
  • Frame Construction
  • Composition Roof

Kitchen

  • Stove

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Schools

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

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Baseboard Heating
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number Tax Lot 1700 Map# 18S4520CC

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $18,416
  • Gross Income $59,160
  • Net Operating Income $40,744

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,542

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Year Built: 1948
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.21
  • Lot Size: 94x100
  • CapRate: 7.4
  • Co List Office Mls Id: 10663
  • Co List Office Phone: 541-889-8801
  • Ownership: Fee Simple
  • Subdivision Name: 0 Not Applic.
  • Attribution Contact: 541-889-8801
  • Special Features: None

Interior Features

  • Heating: Baseboard, Electric, Wall Furnace
  • Appliances: Disposal (No Units), Stove/Range (All Units), Refrigerator (All Units)
  • Total Bedrooms: 8
  • Living Area: 4880

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 8

Utilities

  • Cooling: Cooling, Wall/Window Unit(s)
  • Electric: Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter, Unit 5 Separate Meter
  • Water Source: City Service
  • 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 1700 Map# 18S4520CC
  • Current Use: 5+ Units
  • Lot Size Sq Ft: 9147.6
  • Zoning Description: HD Residential

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 3542

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 59160
  • Property Net Operating Income: 40744
  • Annual Operating Expense: 18416
  • Total Actual Rent: 4515
  • 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 $3,542 $191,500 $26,992 $164,508
2023 $3,431 $185,923 $25,995 $159,928
2022 $3,338 $180,508 $25,238 $155,270
2021 $3,342 $175,251 $24,503 $150,748
2020 $3,172 $170,147 $25,302 $144,845
2019 $3,091 $165,192 $24,565 $140,627
2018 $3,018 $160,381 $23,849 $136,532
2017 $2,906 $155,710 $23,155 $132,555
2016 $2,761 $151,175 $22,480 $128,695
2015 $2,731 $146,772 $21,826 $124,946
2014 $2,657 $142,498 $27,716 $114,782
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2025 08/18/25 Price Changed $425,000 -22.7% $87 / Sq Ft
05/15/2025 05/15/25 For Sale $550,000 0.0% $113 / Sq Ft
12/30/2022 12/30/22 Rented $850 0.0% --
12/13/2022 12/13/22 Under Contract -- -- --
11/23/2022 11/23/22 For Rent $850 0.0% --
07/28/2022 07/28/22 Rented $850 0.0% --
06/30/2022 06/30/22 Under Contract -- -- --
06/23/2022 06/23/22 For Rent $850 +13.3% --
01/06/2022 01/06/22 Rented -- -- --
12/28/2021 12/28/21 Under Contract -- -- --
12/13/2021 12/13/21 For Rent $750 0.0% --
12/07/2021 12/07/21 Off Market $750 -- --
11/30/2021 11/30/21 For Rent $750 -- --
Source: Intermountain MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Trustee Deed $117,252 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $60,000 Credit Line Revolving
Closed $103,500 Unknown
Source: Public Records

Source: Intermountain MLS

MLS Number: 98947235

Intermountain MLS

APN: 4653