5-Unit Mixed-Use
223 S 6TH St, Cottage Grove, OR 97424
For Sale
New
$850,000
MultiFamily, CottageGrove, OR
Property Size4,870 SF
Lot Size0.15 Acres
Price / SF$174.54
Days on Market6
Property Features for 223 S 6TH St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Elementary school
Middle school
High school
Directions
Subdivision
Standard status
APN
Lot size
Additional Details
Mixed-Use Components
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Building Details
Year built
Floors in Building
Number of units
Roof type
Buildings
Listing Agency:
TLC Realty
(541) 942-9141
Listed By:
Jeremy Parmenter · License OR #200606399
(541) 255-5685
Added: Nov 5
Last Checked: Nov 10 at 7:06AM
MLS# 514861558
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.
This two-story mixed-use building contains 4,870 square feet across five units: three residences and two retail spaces. The residential units are upstairs and have received updates that include new LVP flooring, interior paint, kitchen cabinets, appliances, light fixtures, and windows. Units 2 and 3 also have washer and dryer hookups and appliances. The property was built in 1947 and sits on approximately 0.15 acres, with paved parking on site.
Key Highlights
- Five units: three residential and two retail
- 4,870‑square‑foot, two‑story building
- Upstairs residences updated with new flooring, paint, kitchen cabinets, appliances, lighting, 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 Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story building combines retail suites and residential rentals under C2P zoning.
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 and two retail; 4,870‑square‑foot, two‑story building; Upstairs residences updated with new flooring, paint, kitchen cabinets, appliances, lighting, and windows
