$505,000
SOLD MAY 12, 2025

977 E Fourth Ave Sutherlin, OR 97479

-- Bed
-- Bath
3,136 Sq Ft
0.45 Acres

Recently Sold

$161 Per Sq Ft

4% Below List Price

16 Days on Market

Highlights

  • City View
  • Baseboard Heating
  • Lap Siding
  • 0.45 Acre Lot
  • Level Lot
  • 1-Story Property

About This Home

As of May 2025

These 2 great duplexes on a large corner lot are conveniently located in a great part of Sutherlin! Each of the 4 units have 2 bedrooms, 1 bath, washer/dryer hookups, with private back decks and yards. There has been some updating done on some of the units including LVP flooring, carpet, remodeled bathrooms and updated cabinetry. One of the units has granite counter tops and a stainless-steel farm sink. Two of the units have carports and all four units have driveway parking and storage closets outside. Refrigerators are included in all 4 units. 3 units are eligible for rent increases. This is a great opportunity for a buyer to live in one unit and rent the others out to pay the mortgage and more or perfect for a 4-unit multifamily investment! This won't last long!

Last Agent to Sell the Property

Jennifer Kramer

RE/MAX Integrity License #930800223 Listed on: 03/26/2025

RE/MAX Integrity

Last Buyer's Agent

Tim Snyder

Berkshire Hathaway HomeServices Real Estate Professionals License #910300242

Berkshire Hathaway HomeServices Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,617

Year Built

  • Built in 1976

Lot Details

  • 0.45 Acre Lot
  • Level Lot

Property Views

  • City
  • Mountain

Home Design

  • Composition Roof
  • Lap Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,136 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Parking

  • Carport
  • Driveway

Schools

  • East Sutherlin Elementary School
  • Sutherlin Middle School
  • Sutherlin High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R50003

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $41,400
  • Net Operating Income $32,287

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,617

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1976
  • Property Condition: Existing
  • Property Attached Yn: No
  • Current Price For Status: 505000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Deck,IndividualStorageUnits
  • Lot Size Range: SqFt15000to19999

Exterior Features

  • Exterior Description: LapSiding
  • Lot Size: 15,000 to 19,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: GentleSloping, Level
  • Road Surface Type: Paved
  • Roof: Composition
  • View: City,Mountain

Garage/Parking

  • Parking Description: Carport, Driveway
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: East Sutherlin
  • High School: Sutherlin
  • Middle Or Junior School: Sutherlin

Lot Info

  • Zoning: R1
  • Lot Size Acres: 0.45
  • Lot Size Sq Ft: 19602.0
  • Parcel #: R50003

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 3616.98

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 12.68
  • Annual Gross Income: 41400.0
  • Property Net Operating Income: 32287.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2025
Closed on
Apr 14, 2025
Sold by
Kathleen Pedersen Revocable Trust and Pedersen Kathleen
Bought by
Humble Kevin J and Humble Leilani J
Seller's Agent
Jennifer Kramer
RE/MAX Integrity
Buyer's Agent
Tim Snyder
Berkshire Hathaway HomeServices Real Estate Professionals
List Price
$524,900
Sold Price
$505,000
Premium/Discount to List
-$19,900
-3.79%
Views
14
Current Estimated Value
$485,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,198
Avg. Annual Appreciation
-6.57%
Original Mortgage
$378,750
Outstanding Balance
$376,383
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$109,419

Purchase Details

Closed on
Jul 7, 2016
Sold by
Knee Kathleen
Bought by
Pedersen Kathleen and Kathleen Pedersen Revocable Trust

Purchase Details

Closed on
Jun 16, 2016
Sold by
Pedersen Kathleen
Bought by
Pedersen Kathleen and Kathleen Pedersen Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $505,000 First American Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $378,750 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2025 05/12/25 Sold $505,000 -3.8% $161 / Sq Ft
04/11/2025 04/11/25 Pending -- -- --
03/26/2025 03/26/25 For Sale $524,900 -- $167 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

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 $3,699 $298,758 -- --
2024 $3,617 $290,057 -- --
2023 $3,513 $281,609 $0 $0
2022 $3,412 $273,407 $0 $0
2021 $3,314 $265,444 $0 $0
2020 $2,896 $233,243 $0 $0
2019 $3,218 $257,713 $0 $0
2018 $3,123 $0 $0 $0
2017 $3,194 $242,920 $0 $0
2016 $3,085 $235,845 $0 $0
2015 $3,045 $230,945 $0 $0
2014 $2,956 $224,219 $0 $0
2013 -- $217,689 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 481165401

Regional Multiple Listing Service (RMLS)

APN: R50003