529 Railroad ST, Brookings, OR 97415
See all 67 photos
529 Railroad ST, Brookings, OR 97415
529 Railroad ST, Brookings, OR 97415
529 Railroad ST, Brookings, OR 97415
529 Railroad ST, Brookings, OR 97415
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Wendrika Olofson

Wendrika Olofson

+1(541) 852-2242
$ 1,245,000
Est. payment /mo
Save
Price Dropped by $155K

529 Railroad ST Brookings, OR 97415

6,912 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,912 sqft

Price per Sqft $180

MLS Listing ID 220225188

Style Contemporary

Year Built 1973

Annual Tax Amount $3,939

Lot Size 0.290 Acres

Acres 0.29

Lot Dimensions 0.29

Property Sub-Type Multi Family

Property Description

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 8%+ 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, $1450, $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!

Location

State OR

County Curry

Rooms

Basement None

Interior

Interior Features Ceiling Fan(s), Laminate Counters, Linen Closet, Open Floorplan, Shower/Tub Combo

Heating Baseboard, Electric

Cooling Other

Window Features Aluminum Frames,Double Pane Windows,Vinyl Frames

Exterior

Parking Features Asphalt, Detached Carport, Driveway, Gravel, No Garage, On Street, Parking Lot

Roof Type Composition,Membrane

Building

Lot Description Corner Lot, Level

Foundation Slab

Water Private, Public

Architectural Style Contemporary

Level or Stories Two

Structure Type Frame

New Construction No

Schools

High Schools Brookings-Harbor High

Others

Senior Community No

Tax ID R17660

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Oregon Datashare (MLSCO/SOMLS/KCAR)
Listed by John L. Scott Medford
Wendrika Olofson

Wendrika Olofson

Principal Broker License ID: 201208533

+1(541) 852-2242

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Wendrika Olofson, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By checking this box, I agree to the Terms of Service, 

Privacy Policy, and Privacy Addendum of this website.

Go tour this home

529 Railroad ST