223 1st Street Culver, OR 97734
COMMERCIAL - Culver, OR
- Added:
- Jul 9, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 12 at 4:06 am
Property Features for 223 1st Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot, Alley
- Window features
- Vinyl Frames, Double Pane Windows, Wood Frames
- Patio and Porch features
- Deck
- Standard status
- Active
- APN
- 3269
- Size
- 2,098 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1976
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Laminate, Carpet
- Building materials
- Frame
- Roof type
- Asphalt
Listing agent Michael Boynton License #201249802 (541) 420-9814
Listing office Coldwell Banker Sun Country 715 NW 3rd St, Prineville, OR (541) 447-4433
Listing date Jul 9, 2026
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.
The commercial building has been newly remodeled inside and is currently leased. Both the home and the commercial building have new roofs, supporting a straightforward transition for the next owner.
For buyers seeking rental income, the property provides two income streams in a live-and-work layout option, since the home and commercial space are on the same site. The home tenant is in the process of relocating, while the commercial tenants would like to stay. This configuration can also appeal to operators looking to occupy one portion while collecting rent from the other, with parking and storage already in place on the property.
Key Highlights
- Corner lot with a single‑level 2 bed, 1 bath home plus an income‑producing commercial building
- Commercial building newly remodeled inside and currently leased; tenants want to stay
- Both the home and commercial building have new roofs
Local Financial Insights For Apartment 5plus
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 | $52.9k | $25.20 |
| − Vacancy | −$4.0k | −$1.92 |
| EGI | $48.9k | $23.28 |
| − OpEx | −$22.0k | −$10.48 |
| NOI | $26.9k | $12.81 |
