$435,000
SOLD MAR 17, 2025

625 E 5th Ave Riddle, OR 97469

-- Bed
-- Bath
2,194 Sq Ft
1.12 Acres

Recently Sold

$198 Per Sq Ft

3% Below List Price

308 Days on Market

Highlights

  • RV Access or Parking
  • Ductless Heating Or Cooling System
  • Level Lot
  • City View
  • Storage
  • Heat Pump System

About This Home

As of March 2025

3 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

Shane Mast

Oregon Life Homes Brokerage Phone: 541-517-1749 License #201204048

Oregon Life Homes

Co-Listed By

Kim Weaver

Oregon Life Homes Brokerage Phone: 541-517-1749 License #201240204

Last Buyer's Agent

Matthew Landever

Oregon Life Homes License #201234594

Oregon Life Homes

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
  • Property managed by Silvia Pavacich, Distinct Dwel

Building Details

  • Operating Expense $13,521
  • Gross Income $38,246
  • Net Operating Income $24,725

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,310

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Year Built: 1972
  • Property Condition: Restored
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: IndividualStorageUnits
  • Lot Size Range: Acres1to3

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 1 to 2.99 Acres
  • Foundation Details: Slab
  • View: Yes
  • Lot Features: GentleSloping, Level
  • Road Surface Type: Gravel
  • Roof: Composition
  • View: City,Mountain

Garage/Parking

  • Parking Description: Assigned, RVAccessParking
  • Attached Garage: No
  • Total Parking Spaces: 20.0

Utilities

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

Condo/Co-op/Association

  • Management Name: Silvia Pavacich, Distinct Dwel

Schools

  • High School: Riddle
  • Middle Or Junior School: Riddle

Lot Info

  • Zoning: R2
  • Lot Size Acres: 1.12
  • Lot Size Sq Ft: 48787.0
  • Parcel #: R26190

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 3310.25

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 11.77
  • Annual Gross Income: 38246.0
  • Property Net Operating Income: 24725.0
  • Annual Operating Expense: 13521.0

Map

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

Mortgage History

Date Status Loan Amount Loan Type
Open $326,250 New Conventional
Previous Owner $400,000 New Conventional
Previous Owner $75,000 Unknown
Previous Owner $40,000 Unknown
Previous Owner $85,100 Unknown
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $435,000 Cascade Title
Quit Claim Deed -- None Available
Trustee Deed $60,598 None Available
Special Warranty Deed $35,000 First American Title
Sheriffs Deed $103,927 None Available
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24592308

Regional Multiple Listing Service (RMLS)

APN: R26190