New

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$1,650,000

For Sale

12 hours ago

1308 E Main St, Cottage Grove, OR

MLS® 286066990

0 Bed

0 Bath

10 Parking

Key Facts
Description
Map

Key Facts

Type Other

Levels Residential Income

Size -

Garage Yes

HOA Fees

Taxes $757

Days Active 0

Approx. Age 2020

MLS® Number 286066990

Property Address: 1308 E Main St, Cottage Grove, OR, 97424-2236

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

Description

Exceptional Mixed-Use Investment Opportunity in the Heart of Cottage Grove! Built by JDL Construction in late 2020, this nearly new development includes a fully rented triplex and a separate commercial building, offering immediate income, long-term stability, and strong investment potential. The triplex features two 575 sq ft 1 bed / 1 bath apartments on the ground level, each equipped with stainless steel appliances and stackable washer/dryers. Above is a stunning 1, 704 sq ft penthouse accessed by a private elevator inside the attached two-car garage. This luxurious residence offers 2 bedrooms, 2 bathrooms, an office, indoor laundry, and a large walk-in closet. The chef’s kitchen includes two refrigerators, stainless appliances, gas range, quartz countertops, and custom cabinetry. Additional highlights include wide-plank oak flooring, heated tile floors, custom lighting, on-demand hot water, and large picture windows overlooking Coiner Park. The Trex front deck with decorative wrought iron railing spans the length of the penthouse and is accessible through French doors from the primary suite and living room. The separate 1, 700 sq ft commercial building is leased with 8 years remaining, providing stable, long-term income. It features ADA compliance, off-street parking, bay door access, ductless HVAC, two bathrooms, conference room, storage room, and front lobby. An electronic wrought iron gate separates the residential and commercial spaces. With existing tenants and strong rental demand, this property offers excellent income potential and future CAP rate upside. Live in the penthouse while generating rental income, or maintain it as a fully functioning investment property. Additional benefit: transferable tax deferral with approximately 4 years remaining, resulting in property taxes of only $756 per year. Prime location, just minutes to I-5 and historic downtown district. A rare opportunity to own one of the best commercial lots on Main Street with built-in income!

MLS® Number286066990

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageYes

Approx. Age2020

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 10, 2026List Date

$1,650,000List Price

Commute

Commute

Starting Address

Destination Address

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