Rare Multi-Family Investment with Clear Upside. Add a high-performing asset to your portfolio with this fully occupied fourplex. Currently operating with strong financials and reliable tenants, this property offers an immediate value-add avenue: the current owner pays utilities, providing the new buyer a clear path to significantly boost yield through a phased utility recovery rollout. Expand Your Footprint: Looking for more doors? The identical neighboring fourplex is also hitting the market, allowing a savvy investor to secure an 8-unit footprint in one transaction, along with a high performing Seaside duplex. Drive by only and please respect tenant privacy—do not walk the grounds or disturb residents. Interior showings will be scheduled following an accepted offer. Seller is a licensed Oregon real estate agent.
Sold
$755,625
2045 SE Azalea Ave, Warrenton, OR 97146
8beds
3,728sqft
Multi Family
Built in 2010
-- sqft lot
$755,400 Zestimate®
$203/sqft
$2,070 Estimated rent
Home value
$755,400
$718,000 - $793,000
$2,070/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Tyler Gramson 503-298-1318,
XP Realty LLC
Bought with:
Jenny Frank, 201205494
Non Rmls Broker
Source: RMLS (OR),MLS#: 719825362
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Dishwasher, Microwave, Refrigerator, Washer/Dryer, Electric Water Heater
Interior area
- Total structure area: 3,728
- Total interior livable area: 3,728 sqft
Property
Parking
- Parking features: Paved
Features
- Stories: 2
Lot
- Size: 10,454 Square Feet
- Features: SqFt 10000 to 14999
Details
- Parcel number: 57115
- Zoning: RH
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cement Siding
Condition
- Approximately
- Year built: 2010
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Warrenton
Financial & listing details
- Price per square foot: $203/sqft
- Tax assessed value: $754,024
- Annual tax amount: $4,689
- Date on market: 4/10/2026
- Cumulative days on market: 25 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 5900
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2026 | Sold | $755,625-8.4%$203/sqft |
Source:  RMLS (OR) #719825362 Report a problem | ||
| 5/6/2026 | Pending sale | $825,000$221/sqft |
Source: RMLS (OR) #719825362 Report a problem | ||
| 4/11/2026 | Listed for sale | $825,000+85.4%$221/sqft |
Source: RMLS (OR) #719825362 Report a problem | ||
| 5/23/2019 | Sold | $445,000+27.1%$119/sqft |
Source: Public Record Report a problem | ||
| 6/1/2016 | Sold | $350,000-9.1%$94/sqft |
Source: Public Record Report a problem | ||
| 3/11/2016 | Listed for sale | $385,000$103/sqft |
Source: Cascade Sotheby's Internationa #16164923 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,690 +3% | $352,430 +3% |
| 2024 | $4,551 +3.4% | $342,166 +3% |
| 2023 | $4,402 +1.7% | $332,201 +3% |
| 2022 | $4,328 +1.5% | $322,526 +3% |
| 2021 | $4,263 +2.4% | $313,133 +3% |
| 2020 | $4,164 | $304,014 +3% |
| 2019 | $4,164 +2.6% | $295,160 +3% |
| 2018 | $4,059 +19.5% | $286,564 +3% |
| 2017 | $3,397 +6.2% | $278,218 +3% |
| 2016 | $3,198 -0.1% | $270,116 +3% |
| 2015 | $3,201 +2.1% | $262,249 +3% |
| 2014 | $3,134 +3.5% | $254,612 +3% |
| 2013 | $3,027 | $247,197 +3% |
| 2012 | -- | $239,998 +3% |
| 2011 | -- | $233,008 +594.7% |
| 2010 | -- | $33,541 +3% |
| 2009 | -- | $32,565 +1357% |
| 2008 | -- | $2,235 |
Find assessor info on the county website
Neighborhood: 97146
Nearby homes
- $--2 bd1 ba932 sqft2045 SE Azalea Ave #B, Warrenton, OR 97146Off Market
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- $--2 bd1 ba932 sqft2045 SE Azalea Ave #9164761, Warrenton, OR 97146Off Market
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- $493,2002 bd1 ba-- sqft1460 SE Willow Dr APT A, Warrenton, OR 97146Off Market
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- $--2 bd1 ba920 sqft2035 SE Azalea Ave #C, Warrenton, OR 97146Off Market
- $--2 bd1 ba900 sqft2035 SE Azalea Ave #UPSTAIRS, Warrenton, OR 97146Off Market
Nearby schools
GreatSchools rating
- 4/10Warrenton Grade SchoolGrades: K-5Distance: 1.8 mi
- 4/10Warrenton Middle SchoolGrades: 6-8Distance: 0.6 mi
- 3/10Warrenton High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Warrenton
- Middle: Warrenton
- High: Warrenton
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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- Oregon
- Clatsop County
- Warrenton
- 97146
- 2045 SE Azalea Ave
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