Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1011 5th St Hood River, OR 97031

    View on Map
    For Sale
    $600,000

    LAND - HoodRiver, OR

    Type:Single Family Residence
    Lot size:
    0.23 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    11
    Last Refresh:
    Apr 5 at 5:06 pm

    Property Features for 1011 5th St

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    R2
    Standard status
    Active
    APN
    6310
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Description
    03N10E36BD05700
    Tax Annual Amount
    1845

    We can help!

    Listing Contact
    Candice Richards
    Candice Richards

    Listing agent Candice Richards

    Listing office Copper West Real Estate 14 Oak St, Hood River, OR

    Listing date Mar 26, 2026

    MLS# 210378811

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hood River Heights Infill Lot

    This 0.23-acre infill lot is located in the Heights neighborhood of Hood River. Zoned R2, the property is suited for various residential development options, including a single-family home with an Accessory Dwelling Unit (ADU), a duplex, or a potential cottage cluster or middle housing project; verification with the City is recommended. The existing 1898 residence has no additional value. The property offers proximity to Indian Creek Trail, May Street Elementary, neighborhood shops, restaurants, and stair access to downtown Hood River. This level, usable lot presents a chance to create something new in an established neighborhood. It is ideal for a builder, investor, or future homeowner with a vision.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Hair Salon Spa & Massage Center Dental Office Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hood River
    County
    Hood River
    State
    Oregon
    Longitude
    -121.5155512
    Latitude
    45.7027946

    Nearby Similar for Sale

    • $699,000

      Serene Hood River Acreage

      5.21 acres with creek, pond, and building approvals.
      445 COUNTRY CLUB Rd, HoodRiver, OR 97031
      View Details
    • $499,000

      Land with Creek Frontage

      2.19 acres of ready-to-build land with creek frontage.
      455 COUNTRY CLUB Rd, HoodRiver, OR 97031
      View Details
    • $425,000

      Hood River Buildable Land Parcel

      Buildable parcel with Columbia River views in Hood River, Oregon.
      476 COUNTRY CLUB Rd, HoodRiver, OR 97031
      View Details
    • $349,000

      15-Acre Wooded Building Site

      15-acre wooded lot with building permit approval near Dee Hwy.
      3765 DEE Hwy, HoodRiver, OR 97031
      View Details
    • $430,000

      Hood River Land Parcel

      2.07-acre parcel in Hood River with mountain views.
      Douglas Fir Dr, HoodRiver, OR 97031
      View Details
    • $450,000

      Hood River Timbered Land

      43+ acres of timbered land in Hood River Valley.
      3125 DEE Hwy, HoodRiver, OR 97031
      View Details
    • $270,000

      Spacious Lot with Mountain Views

      Build-ready .26-acre lot with Mt. Hood views.
      3165 Maple Rd, HoodRiver, OR 97031
      View Details
    • $399,000

      Ready-to-Build Lots in Hood River

      Desirable Westside location with utilities, ADU zoning, and views.
      3940 CARR Dr lot: 2, HoodRiver, OR 97031
      View Details
    • $399,000

      Ready-to-Build Lots in Hood River

      Desirable Westside location with utilities and ADU potential.
      CARR Dr lot: 1, HoodRiver, OR 97031
      View Details
    • $399,000

      Ready-to-Build Lots in Hood River

      Desirable Westside location with utilities installed and ADU zoning.
      3940 CARR Dr lot: 3, HoodRiver, OR 97031
      View Details
    • $399,500

      Downtown Hood River View Lot

      Rare downtown lot with Columbia River and Mt. Adams views.
      1534 Lincoln St, HoodRiver, OR 97031
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.23-acre R2 zoned lot in Hood River Heights neighborhood.
    Where is this residential land & home lot located?
    The property is located at 1011 5th St Hood River, OR.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Rare 0.23‑acre infill lot in the desirable Heights neighborhood of Hood River.; R2 zoning allows for single‑family home with ADU, duplex, or cottage cluster/middle housing (buyer to verify).; Prime location: blocks from Indian Creek Trail, May Street Elementary, shops, restaurants, and downtown access.
    (541) 912-5999
    We can help!
    Listing Contact
    Candice Richards
    Candice Richards
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!