Seller's Agent in 2025
Shane Mast
Oregon Life Homes
(541) 517-1749
252 Total Sales
625 E 5th Ave Riddle, OR 97469
Estimated Value: $447,005 - $470,000
5
Beds
3
Baths
2,194
Sq Ft
$208/Sq Ft
Est. Value
Highlights
- RV Access or Parking
- Ductless Heating Or Cooling System
- Level Lot
- City View
- Storage
- Heat Pump System
About This Home
As of March 20253 units on over 1 acre, already at market rents! $3800/mo in rental income! Units have been completely remodeled with vinyl plank floors, ductless heat pumps, granite counters, dishwashers, washer/dryer hook ups, and more. Each unit comes with detached storage shed and multiple parking spots! Room to expand, with plenty of parking! Conveniently located near schools and Riddle mills. Great investment or house hack (Live in one and rent the other 2)!
Last Agent to Sell the Property
Oregon Life Homes Brokerage Phone: 541-517-1749 License #201204048 Listed on: 04/17/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,310
Year Built
- Built in 1972
Lot Details
- 1.12 Acre Lot
- Level Lot
Property Views
- City
- Mountain
Home Design
- Slab Foundation
- Composition Roof
- Plywood Siding Panel T1-11
Interior Spaces
- 2,194 Sq Ft Home
- Storage
Parking
- 20 Parking Spaces
- RV Access or Parking
- Assigned Parking
Schools
- Riddle Middle School
- Riddle High School
Utilities
- Ductless Heating Or Cooling System
- Heat Pump System
- Septic Tank
Listing and Financial Details
- Rent includes sewer, trashcollection, water
- Assessor Parcel Number R26190
Community Details
Overview
- 3 Units
Building Details
- Operating Expense $13,521
- Gross Income $38,246
- Net Operating Income $24,725
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 17, 2024
Closed on
Mar 17, 2025
Sold by
Wonderwall Ventures Llc
Bought by
Landever Matthew
Seller's Agent
Shane Mast
Oregon Life Homes
Buyer's Agent
Matthew Landever
Oregon Life Homes
List Price
$450,000
Sold Price
$435,000
Premium/Discount to List
-$15,000
-3.33%
Views
99
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,668
Avg. Annual Appreciation
4.75%
Original Mortgage
$326,250
Outstanding Balance
$324,045
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$131,623
Purchase Details
Closed on
Feb 6, 2020
Sold by
Saunders Chad M
Bought by
Wonderwall Ventures Llc
Purchase Details
Closed on
Apr 5, 2019
Sold by
Smejkal Robert A
Bought by
Saunders Chad M
Purchase Details
Closed on
Mar 15, 2016
Sold by
U S Bank National Association
Bought by
S V Bradley Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
3.72%
Mortgage Type
Unknown
Purchase Details
Closed on
Apr 10, 2015
Sold by
Iparraguirre Sharon L
Bought by
U S Bank National Association
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Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Landever Matthew | $435,000 | Cascade Title | |
| Wonderwall Ventures Llc | -- | None Available | |
| Saunders Chad M | $60,598 | None Available | |
| S V Bradley Llc | $35,000 | First American Title | |
| U S Bank National Association | $103,927 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Landever Matthew | $326,250 | |
| Previous Owner | S V Bradley Llc | $40,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/17/2025 03/17/25 | Sold | $435,000 | -3.3% | $198 / Sq Ft |
| 02/20/2025 02/20/25 | Pending | -- | -- | -- |
| 11/16/2024 11/16/24 | For Sale | $450,000 | +3.4% | $205 / Sq Ft |
| 11/16/2024 11/16/24 | Off Market | $435,000 | -- | -- |
| 07/15/2024 07/15/24 | Price Changed | $450,000 | -5.3% | $205 / Sq Ft |
| 05/13/2024 05/13/24 | Price Changed | $475,000 | -4.8% | $216 / Sq Ft |
| 04/17/2024 04/17/24 | For Sale | $499,000 | -- | $227 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
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 | $3,410 | $230,180 | -- | -- |
| 2024 | $3,310 | $223,476 | -- | -- |
| 2023 | $3,214 | $216,967 | $0 | $0 |
| 2022 | $3,120 | $210,648 | $0 | $0 |
| 2021 | $2,269 | $153,165 | $0 | $0 |
| 2020 | $1,862 | $127,031 | $0 | $0 |
| 2019 | $1,827 | $123,332 | $0 | $0 |
| 2018 | $1,774 | $119,740 | $0 | $0 |
| 2017 | $1,647 | $116,253 | $0 | $0 |
| 2016 | $1,536 | $108,429 | $0 | $0 |
| 2015 | $1,491 | $105,270 | $0 | $0 |
| 2014 | $1,445 | $102,015 | $0 | $0 |
| 2013 | -- | $109,713 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Shane Mast
-
Kim Weaver
Seller Co-Listing Agent in 2025
Kim Weaver
Oregon Life Homes
(541) 580-8264
73 Total Sales
-
Matthew Landever
Buyer's Agent in 2025
Matthew Landever
Oregon Life Homes
(443) 632-5195
110 Total Sales
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 24592308
APN: R26190
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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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