5-Unit Mixed-Use
New
For Sale
$850,000
223 S 6TH St, Cottage Grove, OR 97424
CommercialSale, CottageGrove, OR
Property Size4,870 SF
Lot Size0.15 Acres
Price / SF$174.54
Days on Market2
Property Features for 223 S 6TH St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2P
Directions
OR-99 turn Right onto S 6th
Subdivision
_235
Standard status
Active
APN
0897155
Size
4,870 SF
Lot size
0.15 Acres
Additional Details
Mixed-Use Components
residential, retail
Taxes and HOA fees
Tax Description
20-03-28-34-08100
Tax Annual Amount
4186
Legal Description
20-03-28-34-08100
Utilities
Heating system
Baseboard
Building Details
Year built
1947
Floors in Building
2
Roof type
Flat
Buildings
1
Listing Agency:
TLC Realty
(541) 942-9141
Listed By:
Jeremy Parmenter · License #200606399
(541) 255-5685
Added: Nov 5
Last Checked: Nov 6 at 5:06AM
MLS# 145999269
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.
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Investment Insights
Based on property information with market context.
At 223 S 6TH St in Cottage Grove, this two-story mixed-use property contains approximately 4,870 square feet across five units: three residential apartments and two retail spaces. The upstairs apartments have been remodeled with vinyl plank flooring, fresh paint, updated kitchen cabinets, new appliances, light fixtures, and windows. Units 2 and 3 also have washer and dryer hookups and appliances.
The property occupies approximately 0.15 acres and includes paved on-site parking. It is zoned C2P and is located in downtown Cottage Grove, near shops, restaurants, and local amenities. Built in 1947, the building is heated by baseboard systems and has a flat roof.
The property occupies approximately 0.15 acres and includes paved on-site parking. It is zoned C2P and is located in downtown Cottage Grove, near shops, restaurants, and local amenities. Built in 1947, the building is heated by baseboard systems and has a flat roof.
Key Highlights
- Five units: three residential apartments and two retail spaces
- Approximately 4,870 square feet in a two‑story building
- Upstairs apartments remodeled with new flooring, paint, kitchen cabinets, appliances, light fixtures, and windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,436
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,248,720
$1.2M
Cap Rate 7%
$891,943
$891.9K
Cap Rate 9%
$693,733
$693.7K
Market Conditions
NOI Build-Up for 4,870 SF
Gross rent
$96.4K $19.80/SF
− Vacancy
−$7.2K −$1.49/SF
EGI
$89.2K $18.32/SF
− OpEx
−$26.8K −$5.49/SF
NOI
$62.4K $12.82/SF
Area
Lane County, OR
Vacancy
7.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,248,720
Cap Rate 7%
$891,943
Cap Rate 9%
$693,733
Alternative Uses
Best Use
Retail
$891.9K
$780.5K – $1.04M
NOI $62,436 @ 7.0% cap · market cap 7.35%
Second Best
Mixed Use
$704.4K
$616.4K – $821.8K
NOI $49,309 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,243 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
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Business Placement
Demographics for 97424, OR
18,750
Population
7,920
Households
2.4
Avg Household Size
45
Median Age
22%
College-Educated
91%
High-School Grad
246.2 sq mi
ZIP Area
76
Density / Sq Mi
$71,985
Median Household Income
$36,588
Median Earnings
$1,012
Median Rent
$349,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two retail spaces and three remodeled apartments share a two-story building with paved on-site parking.
Where is this mixed-use property located?
The property is located at 223 S 6TH St Cottage Grove, OR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Five units: three residential apartments and two retail spaces; Approximately 4,870 square feet in a two‑story building; Upstairs apartments remodeled with new flooring, paint, kitchen cabinets, appliances, light fixtures, and windows
