Welcome to 721 Cole Rd in beautiful Oakland, OR—a rare opportunity to own a charming multi-family property on 9.78 acres of serene, usable land. This creek frontage property includes water irrigation rights from Calapooya Creek and a peaceful pond with small mouth bass, creating a tranquil setting. The main home offers 737 sqft of cozy living space with 2 bedrooms and 1 bathroom. Inside, warm wood floors and vaulted ceilings create an inviting atmosphere, while a brand-new pellet stove adds warmth and charm. Enjoy the covered porch with cobblestone accents or relax on the back deck, ideal for morning coffee or unwinding. The kitchen is fully equipped with modern appliances, including a fridge, range, dishwasher, microwave, and pantry, plus a convenient laundry area with a washer/dryer combo. In addition, the property features a delightful second home at 695 Cole Rd—a whimsical 1-bed, 1-bath cottage with board and batten siding and a wrap-around concrete porch. Inside, a cozy new wood stove and beautiful wood accents, including tongue and groove ceilings and log-style details, add rustic character. The kitchen includes a fridge, range, and portable dishwasher, with laundry hookups and a finished attic space enhancing functionality. Beyond the homes, this property is a gardener’s paradise and ideal for hobby farmers. It includes a large 2 story barn, 3 medium and 2 commercial-size hoop houses, and a greenhouse—perfect for year-round growing. A 90x30 garden with berries and vegetables is supported by an efficient drip irrigation system. There’s ample space for RV parking and three gated entrances for easy access and privacy. Plus, enjoy reliable DFN fiber internet in this peaceful country setting. This unique property combines comfortable living with abundant outdoor amenities, offering versatility for multi-generational living, hobby farming, or simply enjoying a serene lifestyle surrounded by nature.
Active
Price cut: $10K (11/7)
$620,000
721 Cole Rd, Oakland, OR 97462
3beds
1,697sqft
Est.:
Multi Family
Built in 1953
-- sqft lot
$-- Zestimate®
$365/sqft
$-- HOA
What's special
Modern appliancesWater irrigation rightsPeaceful pondCozy living spaceBack deckRv parkingCovered porch
- 122 days |
- 530 |
- 37 |
Zillow last checked: 8 hours ago
Listing updated: 21 hours ago
Listed by:
Mary Gilbert 541-371-5500,
Keller Williams Southern Oregon-Umpqua Valley,
Deidre Jovin 510-712-0870,
Keller Williams Southern Oregon-Umpqua Valley
Source: RMLS (OR),MLS#: 370746329
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Wall Furnace, Zoned
Cooling
- None, Window Unit(s)
Appliances
- Included: Refrigerator, Range, Electric Water Heater
- Laundry: Washer Dryer Hookup
Features
- Flooring: Wood
- Basement: Crawl Space
- Attic: Storage
- Fireplace features: Wood Burning Stove
Interior area
- Total structure area: 1,697
- Total interior livable area: 1,697 sqft
Property
Parking
- Total spaces: 4
- Parking features: Off Street, RV Access/Parking
Features
- Stories: 1
- Patio & porch: Deck
- Has view: Yes
- View description: Creek/Stream, Territorial, Valley
- Has water view: Yes
- Water view: Creek/Stream
- Waterfront features: Creek, Pond
- Body of water: Calapooya Creek
Lot
- Size: 9.78 Acres
- Features: Level, Pasture, Acres 7 to 10
Details
- Parcel number: R26488
- Zoning: FG
- Other equipment: Irrigation Equipment
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Board & Batten Siding, T111 Siding, Wood Siding
- Foundation: Concrete Perimeter
- Roof: Metal
Condition
- Approximately
- Year built: 1953
Utilities & green energy
- Sewer: Standard Septic
- Water: Well
Community & HOA
Community
- Security: Security Gate
- Subdivision: Sh
HOA
- Has HOA: No
Location
- Region: Oakland
Financial & listing details
- Price per square foot: $365/sqft
- Tax assessed value: $377,244
- Annual tax amount: $1,523
- Date on market: 8/26/2025
- Listing terms: Cash,Conventional,VA Loan
- Road surface type: Gravel
Estimated market value
Not available
Estimated sales range
Not available
$1,311/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/7/2025 | Price change | $620,000-1.6%$365/sqft |
Source: | ||
| 10/21/2025 | Price change | $630,000-0.8%$371/sqft |
Source: | ||
| 8/26/2025 | Listed for sale | $635,000+6.7%$374/sqft |
Source: | ||
| 5/10/2022 | Sold | $595,000+3.5%$351/sqft |
Source: | ||
| 4/19/2022 | Pending sale | $575,000$339/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2017 | $2,411 -1.9% | $290,141 +3% |
| 2016 | $2,457 | $281,691 +3% |
| 2015 | $2,457 +6.2% | $273,487 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,487/mo
Principal & interest
$2944
Property taxes
$326
Home insurance
$217
Climate risks
Neighborhood: 97462
Nearby schools
GreatSchools rating
- 4/10Oakland Elementary SchoolGrades: K-4Distance: 5.4 mi
- 5/10Lincoln Middle SchoolGrades: 5-8Distance: 5.4 mi
- 7/10Oakland High SchoolGrades: 9-12Distance: 5.4 mi
Schools provided by the listing agent
- Elementary: Oakland
- High: Oakland
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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