1130 TO 1136 MAIN STPhilomath, OR97370
$465,000
$53,793 annual income
0.3 acres
SqFt10000to14999
Zoning: C-2
359 days on market
VestorFilter™
Recent price drop$35,000
Price per acre$1.55M/ac
Time on market359 days
Property Description
Multi-use investment property located on HWY 20/Main St. in Philomath. The property consists of 5 buildings and a storage container. Leased spaces: 2 residential apartments, 3 retail/office spaces, 2 units in metal shop/building, and a small storage shed. This owner managed property has generated fantastic income with $53,793 in 2022. 7.23% Cap Rate on 2022 Actuals. Pro-forma at 7.81% Cap Rate. ODOT funded HWY 20 project underway to revitalize Main St.
{{ compliance-logo }}Listing Provided By AndCo Real Estate
Financial Data
Date Sold2023-10-13
Sold Price$400,000
Price ChangeDropped $35,000 on 10/16/2023
Total $35,000 drop
Total $35,000 drop
Original Price$500,000
Current Price$465,000
Property Taxes$3,104
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Home Facts
StatusSold
Year Built1913
MLS ID23246878
