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$225,000   Price Analysis
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203 NE Second St
Oakland, OR 97462
2 bed 2 bath 1,398 SqFt ($160/SqFt)
Built 1900
Listed 2023-08-29, Taxes $1,088
USDA Eligible
near Oakland, OR
 

Adorable turn-of-the-century building in Historic Oakland converted into a quality duplex.

Great rental history and recently updated. Low er unit is 771 sqft, 1 bedroom, 1 full updated bathroom, updated kitchen, new ductless HVAC and cute covered patio - rents for $1050/month.

Upper unit is 627 sqft studio with original wood floors, new ductless HVAC - rents for $850/month. Common laundry area. Contmporary roof and exterior paint. Low maintenance, easy to rent and extraordinary return. Amazing investment opportunity for under $300K!


Presented by Jacob Gilman at
The Neil Company Real Estate.
Listing Agent Photo

Property MLS #23147935 from RMLS

Bedrooms: 2

Cooling Features: HeatPump
Heating Features: MiniSplit
Heating: Yes
Water Heaters: Electricity

Full Bathrooms: 2

Basement Description: CrawlSpace

Lot Description: Level

Road Surface Type: Paved

Parking Features: Open

View: City

Elementary School: Oakland
High School: Oakland
Middle School: Lincoln

Oakland High School is a public high school located approximately 0.3 miles away.
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Oakland Elementary School is a public elementary school located approximately 0.4 miles away.
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Lincoln Middle School is a public elementary and middle school located approximately 0.5 miles away.
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Sutherlin Adventist Christian School is a private elementary and middle school located approximately 2.7 miles away.
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Gross Income: 22800
Rent Includes: Electricity, Water

Number of Units: 2
Unit Type: UnitTypeType1, UnitTypeType2
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1

Community Features: Laundry

LotSizeRange: SqFt3000to4999
Annual Tax Amount: 1121.380000000
Source Listing Status: Active
County: Douglas
Cap Rate: 7.29
Directions: Front 1st St, right on Oak, left on 2nd, property on corner
Tax Year: 2023
Source Property Type: MultiFamily
Parcel Number: R32227
Zoning: GC
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$76,523
$1,088
2021$unknown + $unknown
$74,295
$1,090
2020$43,380 + $28,752
$72,132
$1,015
2019$43,380 + $28,752
$72,132
$1,016
2018$43,380 + $28,752
$72,132
$1,017
2017$41,211 + $27,314
$68,525
$995
2016$unknown + $unknown
$70,276
$1,064
2015$unknown + $unknown
$68,230
$996
2014$unknown + $unknown
$66,243
$966
2013$unknown + $unknown
$64,314
$938
2012$unknown + $unknown
$62,441
$912
2011$unknown + $unknown
$60,623
$887
2010$unknown + $unknown
$58,858
$860
2009$unknown + $unknown
$57,144
$834
2008$unknown + $unknown
$55,480
$789
2007$unknown + $unknown
$53,865
$763

Price Changed 2024-04-03
$225,000
RMLS
Price Changed 2024-02-08
$250,000
RMLS
Price Changed 2024-01-20
$288,888
RMLS
Price Changed 2024-01-19
$0
RMLS
Listed 2023-08-29
$288,888
RMLS
Sold 2021-06-09
$228,000
Public Record
Sold 2016-04-27
$67,500
RMLS
Price Changed 2016-04-05
$72,900
RMLS
Listed 2016-02-17
$79,900
RMLS
Listing removed 2009-03-06
$160,000
RMLS
Listing removed 2009-02-24
$160,000
RMLS
Listed 2008-09-16
$160,000
RMLS
Sold 2005-01-14
$61,500
RMLS
Listed 2004-01-09
$61,500
RMLS

Net Operating Income: 16400
Operating Expense: 6400

Year Built: 1900
Building Area Total: 1398
Building Exterior Type: LapSiding, WoodSiding
Property Age: 124
Property Condition: UpdatedRemodeled
Roof: Composition
Levels or Stories: 2

Sewer: PublicSewer
Water Source: PublicWater
Click Thumbnail Images To View Full Size
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kitchenunknownkitchenbathroombedroom
kitchenbathroomlaundry_roomlaundry_room

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.