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Listed by John L. Scott
Bought with Non Rmls Broker
Bought with Non Rmls Broker
$650,000
$699,900 7.1%
Est. payment /mo
3,328 SqFt
Sold on 01/09/2025
1080 5TH ST Woodburn, OR 97071
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UPDATED:
Key Details
Sold Price $650,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,328 sqft
Price per Sqft $195
MLS Listing ID 24626528
Year Built 1965
Annual Tax Amount $4,906
Tax Year 2023
Lot Size 0.390 Acres
Property Description
Income property with possible development potential. Two duplexes located on .37 acre level lot in Woodburn. Four units, each two-bedroom, one-bath single level with ample parking. All units rented; a couple with long term tenants with below market rents. Range, refrigerator included. Washer/dryer hookup in kitchen. Tenants pay all utilities except for garbage on two units. Rent and actual income based on 10% rent increase effective 9/1/24. Possible opportunity to build additional units. Preliminary conversation with City of Woodburn, along with approved land use on 3rd st (see attached) suggest possible development opportunity. Buyer to do all due diligence on development.
Location
State OR
County Marion
Area _170
Zoning RM
Interior
Heating Forced Air
Exterior
Roof Type Composition
Building
Lot Description Level
Story 1
Foundation Concrete Perimeter, Other
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Nellie Muir
Middle Schools French Prairie
High Schools Woodburn
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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