1308 E Main St, Cottage Grove, OR 97424
Local realty services provided by:CENTURY 21 Agate Realty
Listed by: lindsay martinez
Office: wonderland realty llc.
MLS#:286066990
Source:PORTLAND
Price summary
- Price:$1,650,000
- Price per sq. ft.:$362.32
About this home
Exceptional Mixed-Use Investment Opportunity in the Heart of Cottage Grove! Built by JDL Construction in late 2020, this nearly new development includes a fully rented triplex and a separate commercial building, offering immediate income, long-term stability, and strong investment potential. The triplex features two 575 sq ft 1 bed / 1 bath apartments on the ground level, each equipped with stainless steel appliances and stackable washer/dryers. Above is a stunning 1,704 sq ft penthouse accessed by a private elevator inside the attached two-car garage. This luxurious residence offers 2 bedrooms, 2 bathrooms, an office, indoor laundry, and a large walk-in closet. The chef’s kitchen includes two refrigerators, stainless appliances, gas range, quartz countertops, and custom cabinetry. Additional highlights include wide-plank oak flooring, heated tile floors, custom lighting, on-demand hot water, and large picture windows overlooking Coiner Park. The Trex front deck with decorative wrought iron railing spans the length of the penthouse and is accessible through French doors from the primary suite and living room. The separate 1,700 sq ft commercial building is leased with 8 years remaining, providing stable, long-term income. It features ADA compliance, off-street parking, bay door access, ductless HVAC, two bathrooms, conference room, storage room, and front lobby. An electronic wrought iron gate separates the residential and commercial spaces. With existing tenants and strong rental demand, this property offers excellent income potential and future CAP rate upside. Live in the penthouse while generating rental income, or maintain it as a fully functioning investment property. Additional benefit: transferable tax deferral with approximately 4 years remaining, resulting in property taxes of only $756 per year. Prime location, just minutes to I-5 and historic downtown district. A rare opportunity to own one of the best commercial lots on Main Street with built-in income!
Contact an agent
Home facts
- Year built:2020
- Listing ID #:286066990
- Added:1 day(s) ago
- Updated:March 10, 2026 at 11:22 PM
Rooms and interior
- Living area:4,554 sq. ft.
Heating and cooling
- Heating:Ductless
Structure and exterior
- Roof:Flat, Metal
- Year built:2020
- Building area:4,554 sq. ft.
- Lot Features:Level, On Busline
- Levels:2 Stories
Schools
- High school:Cottage Grove
- Middle school:Lincoln
- Elementary school:Bohemia
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,650,000
- Price per sq. ft.:$362.32
- Tax amount:$757 (2025)
New listings near 1308 E Main St
- New
$344,995Active3 beds 1 baths1,098 sq. ft.1760 Bryant Ave, CottageGrove, OR 97424
MLS# 621493198Listed by: KNIPE REALTY ERA POWERED - New
$220,000Active3 beds 2 baths1,080 sq. ft.575 Patrick Loop, CottageGrove, OR 97424
MLS# 106952729Listed by: JOHN L. SCOTT EUGENE - New
$365,000Active3 beds 2 baths1,493 sq. ft.975 N 16th St, CottageGrove, OR 97424
MLS# 514430111Listed by: EXP REALTY LLC - New
$425,000Active5 beds 3 baths3,106 sq. ft.2110 E Main St, CottageGrove, OR 97424
MLS# 230280698Listed by: JIM DOWNING REALTY
$380,000Pending3 beds 2 baths1,134 sq. ft.2075 Bryant Ave, CottageGrove, OR 97424
MLS# 782571936Listed by: EXP REALTY LLC- New
$339,900Active3 beds 1 baths960 sq. ft.645 S 14th St, CottageGrove, OR 97424
MLS# 151512243Listed by: YOSS TEAM RE PROFESSIONALS
$900,000Active4 beds 3 baths3,855 sq. ft.211 S 3rd St, CottageGrove, OR 97424
MLS# 511664899Listed by: MATIN REAL ESTATE
$45,000Pending2 beds 2 baths924 sq. ft.1557 N Pacific Hwy, CottageGrove, OR 97424
MLS# 329610097Listed by: WINDERMERE RE LANE COUNTY
$542,000Active4 beds 3 baths2,038 sq. ft.835 Ash Ave, CottageGrove, OR 97424
MLS# 241385504Listed by: HYBRID REAL ESTATE