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.
Sold
$650,000
1080 5th St, Woodburn, OR 97071
8beds
3,328sqft
Multi Family
Built in 1965
-- sqft lot
$674,700 Zestimate®
$195/sqft
$1,570 Estimated rent
Home value
$674,700
$607,000 - $749,000
$1,570/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Nanci Egan 503-421-9099,
John L. Scott
Bought with:
OR and WA Non Rmls, NA
Non Rmls Broker
Source: RMLS (OR),MLS#: 24626528
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air
Appliances
- Included: Range, Refrigerator, Electric Water Heater
- Laundry: Washer Dryer Hookup
Features
- Basement: Crawl Space
Interior area
- Total structure area: 3,328
- Total interior livable area: 3,328 sqft
Property
Parking
- Total spaces: 6
- Parking features: Off Street, Open
- Has uncovered spaces: Yes
Features
- Stories: 1
Lot
- Size: 0.39 Acres
- Features: Level, SqFt 15000 to 19999
Details
- Parcel number: 512863
- Zoning: RM
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Concrete Perimeter, Other
- Roof: Composition
Condition
- Year built: 1965
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Woodburn
HOA & financial
Other financial information
- Total actual rent: 4235
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 1/9/2025 | Sold | $650,000-7.1%$195/sqft |
Source:  RMLS (OR) #24626528 Report a problem | ||
| 11/19/2024 | Pending sale | $699,900$210/sqft |
Source: RMLS (OR) #24626528 Report a problem | ||
| 10/22/2024 | Price change | $699,900-12.4%$210/sqft |
Source: RMLS (OR) #24626528 Report a problem | ||
| 6/4/2024 | Listed for sale | $799,000$240/sqft |
Source: RMLS (OR) #24626528 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 97071
Nearby schools
GreatSchools rating
- 3/10Nellie Muir Elementary SchoolGrades: K-5Distance: 0.7 mi
- 1/10Woodburn SuccessGrades: 7-12Distance: 0.7 mi
- 2/10Valor Middle SchoolGrades: 6-8Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Nellie Muir
- Middle: French Prairie
- High: Woodburn
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$674,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$674,700
- Oregon
- Marion County
- Woodburn
- 97071
- 1080 5th St
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