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Listed price in listed location currency (USD).
$625,000

000

MLS® 220208089

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $8,368
Days Active 198
Lot Size 0.43 acres
Approx. Age 1999
MLS® Number 220208089

Property Address: 248 South St, Butte Falls, OR, 97522-0147

Average square foot calculated using Size range provided by listing agent.

Description

Well-located 9-unit multifamily investment in Butte Falls offering immediate cash flow w/value-add upside. The property consists of three two-story buildings totaling approx. 6, 200 SF on an ±0.43 acre parcel. Unit mix includes 1 and 2 bedroom units w/separate gas and electric meters, on-site storage sheds, and ample off-street parking. Currently 7 of 9 units occupied, providing in-place income with near-term upside through lease-up of two vacant units. One vacant unit requires routine make-ready only (carpet and interior paint). Several long-term tenants support stable rental demand. A portion of the income is HUD-subsidized, offering reliable rent payments and downside protection. No HOA. Public utilities. Professionally managed. Pricing reflects current occupancy and market conditions, creating an attractive entry point for investors seeking steady cash flow w/upside through lease-up and operational optimization. Do not disturb tenants. Financials & rent roll avail. Upon request.
MLS® Number220208089
Laundry Level
Central VacNo
FireplaceNo
Acreage0.43
Exterior
GarageYes
Approx. Age1999
BasementNone
DrivewayAsphalt, No Garage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 21, 2025List Date
$625,000List Price
  • Commute

Commute

Starting Address
Destination Address
248 South St, Butte Falls, OR

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