145 Main St, Jefferson, OR 97352
- Commercial real estate
- 0.28 lot acres
Current Use by Public Records
- Derek's Barber Shop / Barber Shop
Property Details for 145 Main St
- Year built
- 1937
- Lot size
- 0.28 lot acres
- Property type
- Commercial real estate
Description
This exceptional 9-unit apartment building presents a compelling investment opportunity in the heart of Jefferson, Oregon. Situated on a 0.28-acre lot at 145 S Main St, this two-story building, constructed in 1937 and extensively renovated between 2023 and 2024, boasts a mix of updated and well-maintained units. Six units have undergone complete renovations. The property includes six separately rented storage units, adding to the overall income potential. Current monthly rents range from $700 to $1,050, with some units scheduled for rent increases in September. The building features a new roof, oversized gravel parking, and a convenient location near schools, shopping, dining, and the river. Easy access to I-5 provides excellent commuting and travel options. The property is zoned MU-M, offering flexibility for future development. The asking price is $1,099,000, representing a price per unit of $122,111.11. This owner/user investment presents a strong cash flow opportunity with significant upside potential. The property's prime location and recent renovations make it an attractive investment for both seasoned and new investors seeking a stable and profitable multifamily asset in a desirable Oregon community.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Jefferson
- County
- Marion
- State
- Oregon
- Longitude
- -123.0114327
- Latitude
- 44.7167892
