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7-Unit Apartment Building
For Sale
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Pending

123 S Molalla Ave, Molalla, OR 97038

Two-story apartment property with a varied unit mix and individually rented bedrooms in select larger units.

Property SizeContact for details
Lot Size0.14 Acres
Days on Market142

Property Features for 123 S Molalla Ave

General Information

Standard status Pending
Lot size 0.14 Acres
Property subtype Multifamily

Units

Unit Mix 1 x Studio, 3 x 1BR/1BA, 2 x 5BR/1BA, 1 x 4BR/1BA
Multifamily Units 7

Building Details

Year Built 1912
Buildings 1
Stories 2
Listing Agency: SVN Imbrie Realty
Listed By: Ru Budhi · License #OR #201214342
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 3:12PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Imbrie Realty

Investment Insights

Based on property information with market context.

This 7-unit apartment building at 123 S Molalla Ave occupies 0.14 acres and was built in 1912. The two-story structure has painted wood siding and a pitched metal roof. Five units are located on the ground floor, including a studio, three one-bedroom units, and a 1,447-square-foot unit with bedrooms rented individually. The upper level contains a 1,038-square-foot five-bedroom unit and a 1,468-square-foot four-bedroom unit, with two exit staircases serving the floor. Ground-floor units have separate exterior exits.

An Intelliknight alarm system was installed in Unit F. The property is within walking distance of restaurants and shops, and its Walk Score is 57. The address is in Molalla, Oregon, within Clackamas County.

Key Highlights

  • 7‑unit apartment building on 0.14 acres
  • Built in 1912 with painted wood siding and a pitched metal roof
  • Unit mix includes a 249 Sf studio and three one‑bedroom units measuring 430 Sf, 585 Sf, and 440 Sf

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service (Bike/Boat/Book/etc) Store Bakery Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units

Location Intelligence

Trade Area within ½ mile

519
Businesses Nearby

Demographics for 97038, OR

17,173
Population
6,423
Households
2.7
Avg Household Size
38
Median Age
20%
College-Educated
90%
High-School Grad
130.8 sq mi
ZIP Area
131
Density / Sq Mi
$87,585
Median Household Income
$45,681
Median Earnings
$1,497
Median Rent
$452,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-story apartment property with a varied unit mix and individually rented bedrooms in select larger units.
Where is this apartment building located?
The property is located at 123 S Molalla Ave Molalla, OR.
What are key features of this property?
This property features: 7‑unit apartment building on 0.14 acres; Built in 1912 with painted wood siding and a pitched metal roof; Unit mix includes a 249 Sf studio and three one‑bedroom units measuring 430 Sf, 585 Sf, and 440 Sf
More about this property
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