29 Nehalem St, Nehalem, OR 97131

Multifamily + 1 office space! Great visibility & upside in this mixed-use, two-story building in the center of Clatskanie, Oregon just off HWY 30! The Town has many yummy restaurants and interesting retail shops. There are many community Events across the street in the huge park with a great community pool. It is close to Longview WA and a short drive to Astoria OR. The building is approx. 4,114 SF and sits on top of 5,451 SF of land. The ground floor includes an approx. 1,200 SF commercial space leased to State Farm Insurance and a residential unit behind the commercial space with one bedroom/one bathroom. The second floor has three fully leased units; two large units with one bedroom/one bathroom and a unit with two bedrooms/one bathroom. The property includes seven uncovered parking spaces. This property has great potential upside if rents are brought to market rates. Current annual gross income $55,000. Currently offering a 7.3% CAP Rate and a GRM of 9 times gross. Call today for more details.