$950,000
$150K PRICE DROP

716 Pioneer Rd Brookings, OR 97415

Estimated payment $5,834/month

Total Views 14,819
12 Beds
12 Baths
5,696 Sq Ft
$167 Price per Sq Ft

Highlights

  • 0.62 Acre Lot
  • No HOA
  • Level Lot
  • Territorial View
  • 7 Car Garage
  • Lap Siding

About This Home

Opportunity is knocking! With six residential units, this multifamily complex is a unique and rare investment opportunity. Each unit features two bedrooms, 1.5 or 2 bathrooms, private backyard area, & a garage for additional storage . These units currently generate a stable income stream, with a gross monthly rental income of $5,175. There is also upside potential, presenting an opportunity for an investor to grow revenue as the final unit is leased & adjusting rents to market levels. In addition to the strong income, the property has already undergone substantial improvements, with over $130,000 invested over the past year & a half. With a stable income, recent improvements, & the potential for additional rent, this property represents a solid & rare investment opportunity. Furthermore, the growing demand for rental units in the area adds to the long-term potential, making it an attractive option for investors looking for both stability & growth.

Listing Agent

Chris Martin

Land Leader Brokerage Email: chris@martinoutdoorproperties.com License #200706071 Listed on: 12/13/2024

Co-Listing Agent

Ashley Lacer

Land Leader Brokerage Email: chris@martinoutdoorproperties.com License #201232307

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,046

Year Built

  • Built in 1991

Lot Details

  • 0.62 Acre Lot
  • Level Lot

Parking

  • 7 Car Garage

Home Design

  • Composition Roof
  • Lap Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,696 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Schools

  • Kalmiopsis Elementary School
  • Azalea Middle School
  • Brookings-Harbr High School

Utilities

  • No Cooling
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number R21617

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Operating Expense $31,136
  • Gross Income $78,300
  • Net Operating Income $47,164

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,046

Year Built

Built in 1991

Lot Details

0

Parking

7

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1991
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: Garage
  • Total Bedrooms: 12
  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Exterior Description: LapSiding
  • Lot Size: 20,000 SqFt to .99 Acres
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Description: Garage
  • Attached Garage: No
  • Garage Spaces: 7.0
  • Total Parking Spaces: 6.0

Utilities

  • Fuel Description: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: WallFurnace
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Kalmiopsis
  • High School: Brookings-Harbr
  • Middle Or Junior School: Azalea

Lot Info

  • Zoning: R-2
  • Lot Size Acres: 0.62
  • Lot Size Sq Ft: 27007.0
  • Parcel #: R21617

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 7046.07

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 12.13
  • Annual Gross Income: 78300.0
  • Property Net Operating Income: 47164.0
  • Annual Operating Expense: 31136.0

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 $7,046 $745,380 -- --
2023 $6,841 $723,670 $0 $0
2022 $6,537 $691,570 -- --
2021 $6,347 $671,430 $0 $0
2020 $6,551 $651,880 $0 $0
2019 $6,016 $632,900 $0 $0
2018 $6,274 $614,470 $0 $0
2017 $6,042 $608,170 $0 $0
2016 $5,895 $579,210 $0 $0
2015 $5,647 $565,960 $0 $0
2014 $5,647 $553,090 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 Price Changed $950,000 -4.5% $167 / Sq Ft
02/14/2025 02/14/25 Price Changed $995,000 -9.5% $175 / Sq Ft
12/13/2024 12/13/24 For Sale $1,100,000 -- $193 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24205581

Regional Multiple Listing Service (RMLS)

APN: R21617