This investment opportunity offers a great potential for a steady income stream with the majority of units being two bedrooms. The old-style garages can provide additional storage space to attract potential tenants. The owner has already completed some of the needed capital repairs including a partial new roof and rehabilitation of several units.
The attractive brick construction and courtyard add to the property's appeal and can help in attracting tenants. The convenient location near parks, shopping, and restaurants can also make this property a beneficial rental option for many individuals. Additionally, the potential for owner financing can make the investment more accessible to interested buyers. Overall, this property presents a promising investment opportunity with potential for growth and a good return on investment. It may be worth considering for those looking to expand their real estate portfolio or generate passive income.
Active
$1,200,000
2236 3rd St, Malin, OR 97632
--beds
0baths
9,912sqft
Est.:
Multi Family
Built in 1939
-- sqft lot
$-- Zestimate®
$121/sqft
$-- HOA
What's special
Old-style garagesAdditional storage spaceAttractive brick construction
- 345 days
- on Zillow |
- 112 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: January 16, 2025 at 02:27pm
Listed by:
Action Realty 541-884-3367
Source: Oregon Datashare,MLS#: 220181757

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Cooktop, Oven, Range, Refrigerator, Water Heater
Features
- Shower/Tub Combo
- Flooring: Carpet, Laminate, Simulated Wood, Vinyl
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls,No One Above,No One Below
Interior area
- Total structure area: 9,912
- Total interior livable area: 9,912 sqft
Property
Parking
- Parking features: Driveway, Gravel, On Street, Shared Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: Neighborhood, Territorial
Lot
- Size: 0.72 Acres
- Features: Corner Lot, Level, Native Plants
Details
- Parcel number: 124074
- Zoning description: R
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Brick, Frame
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- New construction: No
- Year built: 1939
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Malin
HOA
- Has HOA: No
Location
- Region: Malin
Financial & listing details
- Price per square foot: $121/sqft
- Annual tax amount: $2,922
- Date on market: 1/16/2025
- Listing terms: Cash
- Road surface type: Paved
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