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    118 Engle Ave Molalla, OR 97038

    Sponsored
    For Sale
    $425,000

    MULTI_FAMILY - Molalla, OR

    Lot size:
    0.14 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 8 at 5:06 pm

    Property Features for 118 Engle Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Comm
    Rooms
    Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 3
    Bedrooms
    3
    APN
    01099028
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Zoned
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1978
    Floors in Building
    1
    Number of units
    3
    Roof type
    Composition

    Keller Williams Realty Portland Central (503) 548-4848 [email protected]

    Listing agent Nick Shivers (503) 548-4848

    Listing date Jan 7, 2026

    MLS# 576668239 Listing URL

    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

    Versatile Mixed-Use Investment Opportunity

    This versatile investment property features two apartments and a commercial unit in a prime location. The commercial unit, currently configured with two 26'x16' salon-style suites, each equipped with a closet and private bathroom, also includes an additional private office space. A separate entrance maintains business privacy and flow. The commercial unit rent is scheduled to increase to $1,400 on January 1, 2026. Additionally, the property includes two 1-bedroom apartments, each with a private entrance, living room/kitchen, cozy bedroom, and a bathroom with a walk-in shower. The property is located in a high-traffic area, close to public transportation, and surrounded by local businesses. The property is zoned for various commercial uses; specifics should be confirmed with the city. The lot size is 0.14 acres. This multi-use, income-producing property is located in Molalla, Oregon, in Clackamas County. The property offers live/work flexibility or added passive income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Molalla
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.576541
    Latitude
    45.146792

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    FAQs

    What type of property is this?
    Mixed-use property - Two apartments and a commercial unit in a prime location.
    Where is this mixed-use property located?
    The property is located at 118 Engle Ave Molalla, OR.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Income-producing property with a commercial unit and two 1-bedroom apartments.; - Commercial unit rent increases to $1,400 on Jan 1, 2026.; - Prime location in a high-traffic commercial corridor, close to public transportation and local businesses.
    (503) 548-4848
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    Realmo Value Estimation

    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.

    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.

    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
    118 Engle Ave Molalla, OR 97038
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