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    FOR SALE
    Residential income homes

    50 S 17Th St, Cottage Grove, OR 97424

    3,600 SF 0.28 ac lot Built 2023
    Property ID
    US71-0584428
    50 S 17Th St, Cottage Grove, OR 97424 For Sale 1 / 20
    $999,000 3,600 SF
    50 S 17Th St, Cottage Grove, OR 97424
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    Property summary
    AI-generated overview

    This exceptional new construction fourplex in Cottage Grove, Oregon, presents a compelling investment opportunity. Boasting four individual, 900-square-foot units, each features an open layout and high-end finishes. The property totals 3,600 square feet on a 0.28-acre lot, zoned R1. Built in 2023, this Class A multifamily property commands a current rent of $1,650 per unit, generating substantial income. Approved for the Multi-Unit Property Tax Exemption (MUPTE) with a completion deadline of November 2024, this property offers significant tax savings for the next 10 years. The asking price is $1,000,000 ($250,000 per unit), with owner financing available. An adjacent parcel is also available for purchase, presenting potential for expansion or added value. This is a turnkey investment with exceptional quality and strong rental potential in a desirable location at 50 S 17th St, Cottage Grove, OR 97424.

    Property profile
    Verified
    Property type Residential income homes
    Year built 2023
    Total area 3,600 SF
    Lot 0.28 ac (12,197 SF)
    UPID US71-0584428
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
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