Pending
1080 5TH ST
Woodburn OR, 97071
$699,900
$210.31 per sqft
Pending
8 Beds
4 Baths
3,328 sqft
Multi-family
Built in 1965
Courtesy of John L. Scott
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.
24626528
MLSⓇ ID
June 4, 2024
Listed
November 22, 2024
Updated
Map
1080 5TH ST
Woodburn OR, 97071
Interior Features
Total Stories
1
Bedrooms
8
Total Bathrooms
4
Full Bathrooms
4
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.39 Acres
Lot Features
Level
Roof
Composition
Sewer
Public Sewer
School Information
High School
Woodburn
Elementary School
Nellie Muir
Other Property Details
Area Name
_170
Taxes
$4,906
Tax Frequency
Annually
Days on Market
163
Garage
No
Parking
Off Street, Open
Parking Total
6
View
No
County
Marion
Water Source
Public Water
Pool
No
Zoning
RM
Listing History
Date | Event | Price |
|---|---|---|
11/20/2024 | Pending | — |
10/22/2024 | Price change | $699,900 -13% |
Listing Courtesy of John L. Scott, Nanci Egan. 503-421-9099
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