123 S MOLALLA AVE Molalla, OR97038
$651,500
8 total units
17 total bedrooms
$116,100 annual income
Capitilization Rate: 11.84
6336 total sq. ft
5,000 to 6,999 SqFt
Elementary School: Molalla
Middle School: Molalla River
High School: Molalla
Zoning: C1
1156 days on market
VestorFilter™
Price per unit$81.4K/unit
Price per ft²$102.83/ft²
Price per acre$5.55M/ac
Price per bedroom$38.3K/bed
Time on market1156 days
Property Description
8 plex! Crazy good income producing property! Seller says over $9000 per month! Tons more potential income too! Fantastic, walkable location in the heart of downtown Molalla! Many, many upgrades on this beautiful, unique building! Seller says very easy to keep rented with some long term renters. Heat is gas and electric. Low monthly expenses. This is a gem! Buyer to do due diligence. Sqft is approx. Seller rents out by the room at this time, but could be used as just an 8 plex.
{{ compliance-logo }}Listing Provided By MORE Realty
Financial Data
Date Sold2021-06-04
Sold Price$651,500
Original Price$799,000
Current Price$651,500
Property Taxes$4,694
Find On Map
Home Facts
StatusSold
Year Built1912
Exterior Features
MLS ID21045587
Unit Details
Unit 1
Unit 2
Unit 3
Unit 4
Unit 5
Unit 6
Unit 7
