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
$1,500,000
2236 3rd St, Malin, OR 97632
--beds
0baths
9,912sqft
Est.:
Multi Family
Built in 1939
-- sqft lot
$-- Zestimate®
$151/sqft
$-- HOA
What's special
- 127 days |
- 82 |
- 0 |
Zillow last checked: 8 hours ago
Listing updated: October 14, 2025 at 05:17pm
Listed by:
Action Realty 541-884-3367
Source: Oregon Datashare,MLS#: 220209606
Tour with a local 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: Klamath Forest Estates
HOA
- Has HOA: No
Location
- Region: Malin
Financial & listing details
- Price per square foot: $151/sqft
- Annual tax amount: $3,097
- Date on market: 9/22/2025
- Cumulative days on market: 127 days
- Listing terms: Cash
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,025/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 9/22/2025 | Listed for sale | $1,500,000+25%$151/sqft |
Source:  Oregon Datashare #220209606 Report a problem | ||
| 7/2/2025 | Listing removed | $1,200,000$121/sqft |
Source: Oregon Datashare #220181757 Report a problem | ||
| 1/16/2025 | Listed for sale | $1,200,000+45.5%$121/sqft |
Source: Oregon Datashare #220181757 Report a problem | ||
| 11/10/2024 | Listing removed | $825,000$83/sqft |
Source: Oregon Datashare #220181757 Report a problem | ||
| 5/2/2024 | Listed for sale | $825,000$83/sqft |
Source: Oregon Datashare #220181757 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$7,053/mo
Principal & interest
$5816
Property taxes
$712
Home insurance
$525
Climate risks
Neighborhood: 97632
Nearby schools
GreatSchools rating
- 5/10Malin Elementary SchoolGrades: K-6Distance: 0.1 mi
- 6/10Lost River High SchoolGrades: 7-12Distance: 4.8 mi
Schools provided by the listing agent
- Elementary: Malin Elem
- High: Lost River High
Source: Oregon Datashare. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
