Attention investors! Housing shortage! Highly profitable, centrally located 8-plex close to the coast & walking distance to the iconic Chetco Point! At list price, this turn-key asset operates at a strong 7.7% CAP Rate (includes projected rent from owners unit). Seven of the units offer spacious 2 bed, 1 bath open floorplans and one of the units is a 1 bed, 1 bath. Coin operated laundry room generates consistent ancillary income. Rents are currently $1325, $1320, $1418, $1250, $1450, $1295, $825.50, & owners remodeled premium unit (beautifully updated in 2022-2023) is expected to rent at $1500 per month. Owner pays for sewer, water, & trash. Each unit has its own power meter (tenants pay for their own electricity) & detached carport includes 1 dedicated covered parking space to each tenant. Owner spared no expense after purchasing this property by painting the exterior, remodeling multiple units, & much more!
Active
Price cut: $30K (9/8)
$1,295,000
529 Railroad St, Brookings, OR 97415
15beds
6,812sqft
Multi Family
Built in 1973
-- sqft lot
$1,210,900 Zestimate®
$190/sqft
$-- HOA
What's special
Coin operated laundry room
- 59 days
- 254
- 16
Zillow last checked:
Listing updated:
Listed by:
Alex Aaronson 541-613-3778,
John L. Scott Medford
Source: RMLS (OR),MLS#: 381662052
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Baseboard
Cooling
- Other
Appliances
- Included: Electric Water Heater, Tank Water Heater
Features
- Basement: None
Interior area
- Total structure area: 6,812
- Total interior livable area: 6,812 sqft
Property
Parking
- Total spaces: 8
- Parking features: Carport, Driveway
- Has carport: Yes
- Has uncovered spaces: Yes
Features
- Stories: 2
- Has view: Yes
- View description: Mountain(s), Territorial
Lot
- Features: Level, SqFt 5000 to 6999
Details
- Parcel number: R17660
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other, T111 Siding
- Foundation: Slab
- Roof: Composition,Membrane
Condition
- Updated/Remodeled
- Year built: 1973
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: None, Sidewalk
Location
- Region: Brookings
Financial & listing details
- Price per square foot: $190/sqft
- Annual tax amount: $3,939
- Date on market: 7/13/2026
- Listing terms: Cash,Conventional
- Total actual rent: 8883
- Road surface type: Gravel, Paved
Estimated market value
$1,210,900
$1.15M - $1.27M
$1,821/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/8/2026 | Price change | $1,295,000-2.3%$190/sqft |
Source:  RMLS (OR) #381662052 Report a problem | ||
| 7/29/2026 | Price change | $1,325,000-5.4%$195/sqft |
Source: RMLS (OR) #381662052 Report a problem | ||
| 7/13/2026 | Listed for sale | $1,400,000+40%$206/sqft |
Source:  Oregon Datashare #220225188 Report a problem | ||
| 6/27/2022 | Sold | $1,000,000-9.1%$147/sqft |
Source: RMLS (OR) #22448859 Report a problem | ||
| 6/6/2022 | Pending sale | $1,100,000$161/sqft |
Source: RMLS (OR) #22448859 Report a problem | ||
| 5/6/2022 | Listed for sale | $1,100,000+144.4%$161/sqft |
Source: RMLS (OR) #22448859 Report a problem | ||
| 12/22/2015 | Sold | $450,000-5.3%$66/sqft |
Source: Oregon Datashare #102950641 Report a problem | ||
| 11/16/2015 | Pending sale | $475,000$70/sqft |
Source: Summa Real Estate Group #15020979 Report a problem | ||
| 11/4/2015 | Listed for sale | $475,000$70/sqft |
Source: Summa Real Estate Group #15020979 Report a problem | ||
| 10/9/2015 | Pending sale | $475,000$70/sqft |
Source: Summa Real Estate Group #15020979 Report a problem | ||
| 9/22/2015 | Price change | $475,000-4.8%$70/sqft |
Source: John L Scott Real Estate #2950641 Report a problem | ||
| 7/23/2015 | Price change | $499,000-1%$73/sqft |
Source: John L Scott Real Estate #2950641 Report a problem | ||
| 4/9/2015 | Price change | $504,000-1.9%$74/sqft |
Source: John L Scott Real Estate #2950641 Report a problem | ||
| 2/28/2015 | Price change | $514,000-1.9%$75/sqft |
Source: John L Scott Real Estate #2950641 Report a problem | ||
| 1/16/2015 | Price change | $524,000-0.9%$77/sqft |
Source: John L Scott Real Estate #2950641 Report a problem | ||
| 11/22/2014 | Price change | $529,000-1.9%$78/sqft |
Source: John L Scott Real Estate #2950641 Report a problem | ||
| 10/30/2014 | Price change | $539,000-1.8%$79/sqft |
Source: John L Scott Real Estate #2950641 Report a problem | ||
| 9/24/2014 | Listed for sale | $549,000$81/sqft |
Source: john L. Scott Real Estate Grants Pass #2950641 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.Climate risks
Neighborhood: 97415
Nearby schools
Schools provided by the listing agent
- Elementary: Kalmiopsis
- Middle: Azalea
- High: Brookings-Harbr
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
