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  • Price cut: $105K (2/14)
    $995,000

    716 Pioneer Rd, Brookings, OR 97415

    8beds
    0baths
    5,696sqft
    : 
    Multi Family
    Built in 1991
    -- sqft lot
    $-- Zestimate®
    $175/sqft
    $-- HOA

    What's special

    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.
    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#: 220193622MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 716 Pioneer Rd.

    Next available tour time:Today at 1:30pm

    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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