$950,000
$150K PRICE DROP

716 Pioneer Rd Brookings, OR 97415

Estimated payment $5,834/month

Total Views 14,905
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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See All Homes in Brookings

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24205581

Regional Multiple Listing Service (RMLS)

APN: R21617

Oregon Curry County Brookings 97415

716 Pioneer Rd, Brookings, OR

This home is located at 716 Pioneer Rd, Brookings, OR 97415 and is currently priced at $950,000, approximately $166 per square foot. This property was built in 1991. 716 Pioneer Rd is a home located in Curry County with nearby schools including Kalmiopsis Elementary School, Azalea Middle School, and Brookings-Harbor High School.

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Regional Multiple Listing Service (RMLS) 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 © 2025 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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