Downtown Live-Work Corner
150 SW Deer Street Prineville, OR 97754
150 SW Deer Street, Prineville, OR, 97754
$425,000
Pending
For Sale
$425,000
Pending
COMMERCIAL - Prineville, OR
Property Size1,560 SF
Lot Size0.17 Acres
Days on Market182
Property Features for 150 SW Deer Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Driveway, RV, On Street
- Security features
- Security System
- Window features
- Double Pane Windows, Vinyl Frames
- Patio and Porch features
- Porch
- Interior features
- Built-in Features, Ceiling Fan(s), Solar Tube(s), Solid Surface Counters, Tile Counters
- Exterior features
- Courtyard
- Basement
- Unfinished, Partial
- Standard status
- Pending
- APN
- 8827
- Size
- 1,560 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2856
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air, Heat Pump (Heating)
- Cooling system
- Central Air, Heat Pump
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 1
- Flooring type
- Carpet, Tile, Concrete, Laminate
- Building materials
- Frame
- Roof type
- Metal
- Additional Structures
- Storage
Listing agency
Root & Branch Realty Group
(541) 447-8993
Listed by
Joseph Raymond Becker · License #201232547
(541) 233-6990
Added: Jan 22 Updated: Jul 9 at 2:38AM Checked: Jul 23 at 2:06AM
MLS# 220214139
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This versatile, extensively renovated two-level property offers approximately 1,560 square feet of flexible interior space with two kitchens. Improvements include updated wiring, plumbing, insulation, windows, reinforced floor systems, and concrete floors, supported by public utilities, natural gas, and modern mechanical systems. The layout supports multiple configurations, and the property also features a detached two-car garage.
Located in downtown Prineville on a prominent corner lot at SW Deer Street and 1st Street, the property is about one block from the Crook County Justice Center. The site provides ample on-site and street parking and emphasizes straightforward access and visibility.
The property is zoned R2 and may offer options for live/work use or short-term rental use, though any buyer should verify permitted uses. It has been recently used in part as a short-term rental with demonstrated income, and it may appeal to owner-users or investors seeking a flexible-use asset.
Located in downtown Prineville on a prominent corner lot at SW Deer Street and 1st Street, the property is about one block from the Crook County Justice Center. The site provides ample on-site and street parking and emphasizes straightforward access and visibility.
The property is zoned R2 and may offer options for live/work use or short-term rental use, though any buyer should verify permitted uses. It has been recently used in part as a short-term rental with demonstrated income, and it may appeal to owner-users or investors seeking a flexible-use asset.
Key Highlights
- Approx. 1,560 SF across two levels with a flexible layout and two kitchens
- Extensively renovated: updated wiring, plumbing, insulation, windows, reinforced floor systems, and concrete floors
- Downtown Prineville corner lot on Deer St and 1st St, about one block from the Crook County Justice Center
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.8k | $20.40 |
| − Vacancy | −$2.0k | −$1.25 |
| EGI | $29.9k | $19.15 |
| − OpEx | −$7.5k | −$4.79 |
| NOI | $22.4k | $14.36 |
1,560 SF · lease $20.40/SF/yr · vacancy 6.14% · expense 25.00%
Alternative Uses
Best Use
Office B
$320.0K
$280.0K – $373.4K
NOI $22,403 @ 7.0% cap · market cap 5.27%
Second Best
Mixed Use
$314.2K
$275.0K – $366.6K
NOI $21,996 @ 7.0% cap · market cap 5.18%
Theoretical Best
Specialty Retail
$673.9K
$589.7K – $786.2K
NOI $47,174 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Extensively renovated two-level property with two kitchens and modern systems, located on a prominent downtown corner lot.
Where is this live-work space located?
The property is located at 150 SW Deer Street Prineville, 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: Approx. 1,560 SF across two levels with a flexible layout and two kitchens; Extensively renovated: updated wiring, plumbing, insulation, windows, reinforced floor systems, and concrete floors; Downtown Prineville corner lot on Deer St and 1st St, about one block from the Crook County Justice Center
