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248 South Street, Butte Falls, OR 97522

Butte Falls
Local realty services provided by:CENTURY 21 J.C. Jones American Dream
248 South Street,Butte Falls, OR 97522
$625,000
  • - Beds
  • - Baths
  • 6,200 sq. ft.
  • Multi-family
  • Pending
Listed by: robert jellesed
Office: re/max platinum
MLS#:220208089
Source:OR_SOMLS

Price summary

  • Price:$625,000
  • Price per sq. ft.:$100.81

About this home

Well-located 9-unit multifamily investment in Butte Falls offering immediate cash flow w/value-add upside. The property consists of three two-story buildings totaling approx. 6,200 SF on an ±0.43 acre parcel. Unit mix includes 1 and 2 bedroom units w/separate gas and electric meters, on-site storage sheds, and ample off-street parking. Currently 7 of 9 units occupied, providing in-place income with near-term upside through lease-up of two vacant units. One vacant unit requires routine make-ready only (carpet and interior paint). Several long-term tenants support stable rental demand. A portion of the income is HUD-subsidized, offering reliable rent payments and downside protection. No HOA. Public utilities. Professionally managed. Pricing reflects current occupancy and market conditions, creating an attractive entry point for investors seeking steady cash flow w/upside through lease-up and operational optimization. Do not disturb tenants. Financials & rent roll avail. upon request.

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Home facts

  • Year built:1999
  • Listing ID #:220208089
  • Added:202 day(s) ago
  • Updated:March 12, 2026 at 05:00 PM

Rooms and interior

  • Flooring:Carpet, Vinyl
  • Kitchen Description:Cooktop, Oven, Range, Refrigerator
  • Living area:6,200 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Electric
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:1999
  • Building area:6,200 sq. ft.
  • Lot area:0.43 Acres
  • Architectural Style:Northwest
  • Construction Materials:Frame
  • Foundation Description:Concrete Perimeter
  • Levels:2 Story

Schools

  • High school:Check with District
  • Middle school:Check with District
  • Elementary school:Check with District

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$625,000
  • Price per sq. ft.:$100.81
  • Tax amount:$8,368 (2024)

Features and amenities

  • Appliances:Cooktop, Oven, Range, Refrigerator, Water Heater

Parking

  • Parking description:Asphalt

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