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$995,000

8 Beds 7 Baths 4,672 SQFT 0.10 Acres
Type: Multi-Family

582 WINCHESTER AVE
Reedsport, OR 97467

MLS#: 414753101
Omar Arellano
Omar Arellano
Premiere Property Group
Broker
Phone: 503.442.8378
Office: 503.716.8644
Presented by: Triple Oaks Realty LLC - 541-225-8815

Property Description

 

Prime Mixed-Use Investment Opportunity in Old Town Reedsport – 6 Units with Incredible Income & Upside! Welcome to an exceptional multi-use investment property located just one block from charming Old Town Reedsport! Priced at $995,000, this fully renovated 6-unit property delivers stellar monthly gross rents with even more room to grow. Featuring a versatile 6-unit mix comprised of 5 residential units and 1 commercial space, this asset is designed for strong cash flow right out of the gate. Most units have been meticulously updated with modern finishes, luxury flooring, and contemporary kitchens and baths, minimizing deferred maintenance for the new owner. Fully renovated features throughout attract high-quality tenants and command top-tier market rents. The Commercial Space features a convenient bathroom and dedicated office area. Situated in a high-visibility, pedestrian-friendly area just steps away from Old Town Reedsport’s local shopping, dining, and scenic waterfront views. Don't miss out on this high-performing coastal income property. Schedule your tour today!


 

Interior Features

Bedrooms

Unit 1 Beds Total3
Unit 2 Beds Total1
Unit 3 Beds Total1
Unit 4 Beds Total2
Unit 5 Beds Total1
Unit 6 Beds Total0

Bathrooms

UnitType5BathsTotal1
UnitType6BathsTotal1
Unit 1 Baths Total2
Unit 2 Baths Total1
Unit 3 Baths Total1
Unit 4 Baths Total1

Other Interior Features

UnitType1ActualRent2250
UnitType1FeaturesMicrowave, Range, Refrigerator, WasherDryer
UnitType1UnitsTotal1
UnitType2ActualRent1525
UnitType2FeaturesMicrowave, Range, Refrigerator
UnitType2UnitsTotal1
UnitType3ActualRent500
UnitType3FeaturesMicrowave, Range, Refrigerator
UnitType3UnitsTotal1
UnitType4ActualRent1550
UnitType4FeaturesMicrowave, Range, Refrigerator
UnitType4UnitsTotal1
UnitType5ActualRent915
UnitType5FeaturesMicrowave, Range, Refrigerator
UnitType5UnitsTotal1
UnitType6ActualRent850
UnitType6UnitsTotal1
FuelDescriptionElectricity
BasementNone
Hot WaterElectricity
Unit TypeUnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6

General

Accessory Dwelling Unit Y/NN
AttributionContact541-225-8815
CityReedsport
Community FeaturesLaundry
CoolingNone
CountyDouglas
DirectionsS Second St to Winchester Ave
DisclosuresDisclosure
Elementary SchoolHighland
Gross Income91080.0
HOANo
HeatingWallHeater
High SchoolReedsport
Legal DescriptionREEDSPORT AMENDED R/R ADD, BLOCK 104, LOT N1/2 OF 6, ACRES 0.1, N
Listing TermsCash, Conventional
Lot Size Square Feet4,356 sqft
MLS Area_265
Middle/Junior High SchoolReedsport
Net Operating Income81108.0
Number Of Units Total6
Operating Expense9972.0
Parcel Number0
Property ConditionUpdatedRemodeled
Property TypeMultiFamily
Rent IncludesElectricity, Water
RoofMembrane
SewerPublicSewer
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount$4,729
Tax Year2025
Year Built1964
ZoningCom/Res

Exterior

Building Area Total4,672 sqft
Exterior DescriptionBrick, WoodSiding
Foundation DetailsSlab
Lot FeaturesCornerLot, Level
Lot Size Acres0.1
Parking FeaturesCarport, OnStreet
Road Surface TypePaved
Water SourcePublicWater

Additional Details

Price History

Schools 

Elementary School Highland Elementary School
High School Reedsport High School
Middle School Reedsport Middle School

  

Similar Properties

$995,000

8 Beds 7 Baths 4,672 SQFT 0.10 Acres
Type: Multi-Family

582 WINCHESTER AVE
Reedsport, OR 97467

MLS#: 414753101
Omar Arellano
Omar Arellano
Premiere Property Group
Broker
Phone: 503.442.8378
Office: 503.716.8644