Charming Investment Property Zoned for Short-Term Rentals in Downtown EnterpriseLocation: Nestled just minutes from downtown Enterprise, this property is ideally zoned for short-term rentals, making it a prime opportunity for both tourists and business travelers. Whether you're looking for a vacation rental investment or a property with steady income potential, this location offers exceptional appeal.**Property Setup:** This versatile property features two separate units:- **1-bedroom, 1-bath** unit- **studio with a bath** Perfect for renting one unit and living in the other, or renting both units for maximum income potential. The flexible layout offers endless opportunities.**Income Potential:** With a proven rental history and current cap rate of over 8%, this property offers a reliable and solid return on investment. It's a great choice for those looking to add a profitable short-term rental to their portfolio or enter the rental business.**Extras:** - **Two-car garage** for added convenience - **Additional shed** for extra storage - Ample space for **boat and RV parking**, appealing to renters with recreational vehicles. These features not only enhance the property's usability but also add significant value for renters, increasing overall appeal.**Growth Potential:** The property has notable **growth potential**, with opportunities to increase revenue through strategic pricing or upgrades. The increasing demand for short-term rentals in this area makes it an ideal choice for capitalizing on future trends.**Don't miss out on this exceptional investment opportunity**—contact us today to schedule a showing!
Active
Price cut: $100K (3/22)
$449,000
306 NW 1st St, Enterprise, OR 97828
1beds
1,180sqft
Est.:
Residential, Single Family Residence
Built in 2008
8,276.4 Square Feet Lot
$-- Zestimate®
$381/sqft
$-- HOA
What's special
- 35 days
- on Zillow |
- 362 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: March 22, 2025 at 05:18am
Listed by:
Robin Despain 541-432-4060,
Real Estate Associates
Source: RMLS (OR),MLS#: 157984943

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
Rooms
- Room types: Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Level: Main
Family room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Ductless, Mini Split, Zoned
Cooling
- Has cooling: Yes
Appliances
- Included: Dishwasher, Free-Standing Range, Free-Standing Refrigerator, Microwave, Stainless Steel Appliance(s), Electric Water Heater
Features
- Ceiling Fan(s), Granite
- Flooring: Laminate
- Windows: Vinyl Frames
- Basement: Crawl Space
- Fireplace features: Propane, Stove
- Furnished: Yes
Interior area
- Total structure area: 1,180
- Total interior livable area: 1,180 sqft
Property
Parking
- Total spaces: 1
- Parking features: Driveway, RV Access/Parking, Attached, Detached
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Garage On Main, Main Floor Bedroom Bath, Accessibility
Features
- Stories: 1
- Patio & porch: Deck, Porch
- Exterior features: Yard
- Fencing: Fenced
- Has view: Yes
- View description: City, Mountain(s), Trees/Woods
Lot
- Size: 8,276.4 Square Feet
- Features: Corner Lot, Level, SqFt 7000 to 9999
Details
- Additional structures: GuestQuarters, RVParking, SecondGarage, Furnished
- Parcel number: 681
- Zoning: C-1
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin,Log
- Property subtype: Residential, Single Family Residence
Materials
- Log, Other
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 2008
Utilities & green energy
- Gas: Propane
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Satellite Internet Service
Community & HOA
Community
- Security: Security Lights, Sidewalk
HOA
- Has HOA: No
Location
- Region: Enterprise
Financial & listing details
- Price per square foot: $381/sqft
- Tax assessed value: $437,070
- Annual tax amount: $2,794
- Date on market: 3/22/2025
- Listing terms: Cash,Conventional,VA Loan
- Road surface type: Paved
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