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  • Price cut: $25K (7/1)
    $525,000

    172 S Old Pacific Hwy, Myrtle Creek, OR 97457

    --beds
    336sqft
    : 
    $3,381/mo
    Get pre-qualified
    Multi Family
    Built in 1954
    -- sqft lot
    $-- Zestimate®
    $1,563/sqft
    $-- HOA

    What's special

    Highway frontageExceptional visibilityDedicated parking
    Prime mixed-use income property with highway frontage and multiple revenue streams on 2.52 acres! 10% cap rate on rental income alone. This Multi-Family listing highlights the residential income components: a 336 sq ft studio cabin rented at $800/month and four long-term rental spaces (tenant-owned units) at $400/month each, while additional rental income comes from the 2,404 sq ft tavern/bar. Currently operated as the established Tri City Country Club, this space offers exceptional visibility, dedicated parking, and longstanding local activity, creating a rare opportunity to own and operate a local landmark. Current owner is willing to sign a lease to remain in the commercial space or transition operations to a new owner. Most of the property is zoned C2 with a small R2 portion, offering a wide range of potential uses and income opportunities. Call your agent for additional details. With established residential income, an active commercial component, and flexible zoning that allows for a variety of permitted uses, this property offers an exceptional combination of cash flow potential and future opportunity. See Commercial MLS #714690645 for full commercial details. Owner carry available with a large down payment. Motivated seller!
    322 days
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    113
    |
    2
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    Zillow last checked:

    Listing updated:

    Listed by:

    Najla Slater 541-391-2028,

    Stellar Realty Northwest

    Source: RMLS (OR),MLS#: 697706513MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 3
      • Full bathrooms: 3
      Cooling
      • Wall Unit(s)
      Appliances
      • Included: Range, Refrigerator, Gas Water Heater
      Features
      • Basement: None
      Interior area
      • Total structure area: 336
      • Total interior livable area: 336 sqft

      Property

      Parking
      • Parking features: Driveway, Off Street
      • Has uncovered spaces: Yes
      Features
      • Stories: 1
      • Has view: Yes
      • View description: Mountain(s), Territorial, Trees/Woods
      Lot
      • Size: 2.52 Acres
      • Features: Level, Acres 1 to 3
      Details
      • Parcel number: R26586
      • Zoning: C2 & R2

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Wood Siding
      • Foundation: Slab
      • Roof: Composition
      Condition
      • Approximately
      • Year built: 1954

      Utilities & green energy

      • Gas: Gas
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Myrtle Creek

      Financial & listing details

      • Price per square foot: $1,563/sqft
      • Annual tax amount: $2,330
      • Date on market: 9/18/2025
      • Listing terms: Cash,Other,Owner Will Carry
      • Total actual rent: 4900
      • Road surface type: Gravel

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/1/2026Price change$525,000-4.5%$1,563/sqft
        Source: RMLS (OR) #697706513 Report a problem
        2/17/2026Price change$550,000-8.2%$1,637/sqft
        Source: RMLS (OR) #697706513 Report a problem
        11/13/2025Listed for sale$599,000+54%$1,783/sqft
        Source: RMLS (OR) #697706513 Report a problem
        4/12/2014Listing removed$389,000$1,158/sqft
        Source: The Real Estate Book #12571384 Report a problem
        2/11/2014Listed for sale$389,000$1,158/sqft
        Source: The Real Estate Book #12571384 Report a problem
        4/7/2013Listing removed$389,000$1,158/sqft
        Source: The Real Estate Book #12571384 Report a problem
        3/13/2013Listed for sale$389,000$1,158/sqft
        Source: The Real Estate Book #12571384 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 97457

        Getting around

        29 / 100
        Car-Dependent
        31 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Myrtle Creek
        • Middle: Coffenberry
        • High: South Umpqua

        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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