$999,000
NEW CONSTRUCTION

Estimated payment $5,412/month

Total Views 7,334
8 Beds
7 Baths
3,065 Sq Ft
$326 Price per Sq Ft

Highlights

  • New Construction
  • Ductless Heating Or Cooling System
  • Lap Siding
  • No HOA
  • Level Lot
  • 5-minute walk to Mangan City Park

About This Home

Brand new 4-unit multifamily investment opportunity, completed June 2025! This impressive property features four attached units, including a completely rebuilt 2 bed, 1 bath home originally constructed in 1938. Taken down to the studs and seamlessly connected to three newly built townhome-style units, the entire complex offers modern, cohesive design throughout. Each of the new construction units includes 2 bedrooms, 1.5 baths, and a spacious two-story layout. Interior highlights in all four units include durable hard-surface flooring, ductless heat pumps, full appliance packages (refrigerator, stove, range hood, and dishwasher), washer/dryer hookups, and stylish kitchen finishes—with slight variation in flooring and cabinetry tones for added character. Each unit enjoys a private, fenced backyard and designated parking. Conveniently located near bus lines, shopping, and other local amenities, this fully completed and thoughtfully designed property is ideal for any investor looking for turn-key income in a growing area. Please do not disturb tenants in already occupied units.

Listing Agent

Jami Myers

Triple Oaks Realty LLC Brokerage Phone: 541-505-0291 License #201223935 Listed on: 06/26/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,634

Year Built

  • Built in 2025 | New Construction

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot

Parking

  • Driveway

Home Design

  • Slab Foundation
  • Composition Roof
  • Lap Siding

Interior Spaces

  • 3,065 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Schools

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

Utilities

  • Ductless Heating Or Cooling System
  • Heat Pump System
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1492550

Community Details

Overview

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

Building Details

  • Operating Expense $3,353
  • Gross Income $38,280
  • Net Operating Income $34,927

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,634

Year Built

Built in 2025 | New Construction

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2025
  • Property Condition: NewConstruction
  • Property Attached Yn: No
  • Current Price For Status: 999000.0
  • Open House: No
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: None
  • Total Bedrooms: 8
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: LapSiding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: Slab
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: HeatPump
  • Cooling Y N: Yes
  • Heating: Ductless, WallHeater
  • 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: 0.17
  • Lot Size Sq Ft: 7405.0
  • Parcel #: 1492550

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 1634.32

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 26.1
  • Annual Gross Income: 38280.0
  • Property Net Operating Income: 34927.0
  • Annual Operating Expense: 3353.0

Map

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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 $6,056 $348,149 -- --
2024 $1,634 $93,580 -- --
2023 $1,634 $90,855 $0 $0
2022 $1,521 $88,209 $0 $0
2021 $1,489 $85,640 $0 $0
2020 $1,446 $83,146 $0 $0
2019 $1,375 $80,725 $0 $0
2018 $1,336 $76,091 $0 $0
2017 $1,277 $76,091 $0 $0
2016 $1,245 $73,875 $0 $0
2015 $1,220 $71,723 $0 $0
2014 $1,201 $69,634 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/26/2025 06/26/25 For Sale $999,000 +544.5% $326 / Sq Ft
07/14/2021 07/14/21 Sold $155,000 0.0% $142 / Sq Ft View Prior Sale
06/19/2021 06/19/21 Pending -- -- --
06/19/2021 06/19/21 For Sale $155,000 -- $142 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $155,000 Cascade Title Co
Interfamily Deed Transfer -- None Available
Bargain Sale Deed -- None Available
Warranty Deed $80,000 Western Pioneer Title Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $250,000 Seller Take Back
Previous Owner $45,000 Seller Take Back
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 309561859

Regional Multiple Listing Service (RMLS)

APN: 1492550