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    600 4Th St Gervais, OR 97026

    For Sale
    $3,500,000

    MULTI_FAMILY - Gervais, OR

    Lot size:
    0.46 Acres
    Days on Market:
    37
    Last Refresh:
    Dec 11 at 7:06 am

    Property Features for 600 4Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Zoning
    COM
    Rooms
    Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
    Bedrooms
    2
    APN
    599287
    Lot size
    0.46 Acres

    Utilities

    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    2025
    Floors in Building
    3
    Number of units
    8
    Roof type
    Composition

    Premiere Property Group, LLC (503) 670-9000 [email protected]

    Listing agent Patrick Ledbetter (503) 670-9000

    Listing date Nov 5, 2025

    MLS# 594412183 Listing URL

    Copyright © 2025 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

    New Mixed-Use Investment Opportunity

    This property features eight new luxury apartments and four retail/business offices in downtown Gervais. The apartments are 1,000 square feet with 9-foot ceilings, kitchens, LVP flooring, granite countertops, stainless steel appliances, two bedrooms, two baths, air-conditioning, washer/dryer hookups, balconies, and storage. The ground-level retail/office units can be divided from 2,000 square feet to 1,000 square feet or smaller. Potential uses include a hair salon, nail salon, chiropractic office, or accountant's office. The parking lot is large enough to accommodate culinary food trailers/trucks. There is an area on the south side of the parking lot approved for an 800-square-foot commercial building that is already plumbed for water and sewer. The property is located minutes from I-5, between Portland and Salem, in a community with its own schools from elementary through high school. The estimated time of completion is July. The lot size is 0.46 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Skin Care Clinic Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gervais
    County
    Marion
    State
    Oregon
    Longitude
    -122.896998
    Latitude
    45.108851

    Nearby Similar for Sale

    • $3,500,000
      12,000 SF

      New Mixed-Use Building in Gervais

      New apartments and retail spaces in downtown Gervais, Oregon.
      600 4Th St, Gervais, OR 97026
      View Details

    FAQs

    What type of property is this?
    Apartment building - New apartments and retail spaces in downtown Gervais, Oregon.
    Where is this apartment building located?
    The property is located at 600 4Th St Gervais, OR.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - New construction: **8 luxury apartments (1,000 sqft, 2 bed/2 bath)** and 4 retail/office spaces in downtown Gervais.; - High income potential: Projected yearly gross income over $300,000.; - Seller financing available: Contract for 20 years with a sizable down payment.
    (503) 670-9000
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    600 4Th St Gervais, OR 97026
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    Gervais, OR 97026
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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
    600 4Th St Gervais, OR 97026
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