Opportunity is knocking! With six residential units, this multifamily complex is a unique and rare investment opportunity. Each unit features two bedrooms, 1.5 or 2 bathrooms, private backyard area, & a garage for additional storage . These units currently generate a stable income stream, with a gross monthly rental income of $5,175. There is also upside potential, presenting an opportunity for an investor to grow revenue as the final unit is leased & adjusting rents to market levels. In addition to the strong income, the property has already undergone substantial improvements, with over $130,000 invested over the past year & a half. With a stable tenant base, recent improvements, & the potential for additional rent, this property represents a solid & rare investment opportunity. Furthermore, the growing demand for rental units in the area adds to the long-term potential, making it an attractive option for investors looking for both stability & growth.
Active
Price cut: $105K (2/14)
$995,000
716 Pioneer Rd, Brookings, OR 97415
8beds
0baths
5,696sqft
Est.:
Multi Family
Built in 1991
-- sqft lot
$-- Zestimate®
$175/sqft
$-- HOA
What's special
- 136 days
- on Zillow |
- 236 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: February 14, 2025 at 01:32pm
Listed by:
Land Leader 866-559-3478
Source: Oregon Datashare,MLS#: 220193622

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 0
Heating
- Wall Furnace
Cooling
- None
Features
- Flooring: Carpet, Laminate, Vinyl
- Windows: Double Pane Windows, Vinyl Frames
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 5,696
- Total interior livable area: 5,696 sqft
Video & virtual tour
Property
Parking
- Parking features: Detached
Features
- Levels: One,Two
- Stories: 2
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.62 Acres
- Features: Level
Details
- Parcel number: R21617
- Zoning description: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- New construction: No
- Year built: 1991
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
HOA
- Has HOA: No
Location
- Region: Brookings
Financial & listing details
- Price per square foot: $175/sqft
- Tax assessed value: $726,370
- Annual tax amount: $7,046
- Date on market: 12/13/2024
- Listing terms: Cash,Conventional
- Inclusions: Stove, fridge, dishwasher
- Exclusions: Tenant personal property, including washer and dryers
- Road surface type: Paved
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