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$537,000   Price Analysis
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300 E Main St
Sheridan, OR 97378
8 bed 4 bath 2,956 SqFt ($181/SqFt)
0.34 acre lot. Built 1918
Listed 2024-02-06, Taxes $2,887
USDA Eligible
near Sheridan, OR
 Restrictions may apply
due to home size

4 PLEX Great rental opportunity!

Fully occupied. 3 units have 2 bedrooms and 1 bth and space for stackable washer/dryer unit. Downstairs unit has 2 bedrooms, 1 bath, space for stackable washer/dryer unit and an extra room off living room, could be used as an office. Large kitchens with lots of storage and counterspace. Baseboard heat in bedrooms with gas fireplace in living room.

Large backyard along the Yamhill River, that tenants use for gardening and outdoor enjoyment. Storage shed in backyard. Laundromat in parking lot next to four-plex. Bus line stop conveniently located across Main St. Interior pictures are when one unit was vacant. All units are currently rented and tenants would like to stay. Do not disturb tenants or walk on property with out appointment.


Presented by Bobbi Bryan at
eXp Realty, LLC.
Listing Agent Photo

Property MLS #24503907 from RMLS

Bedrooms: 8

Full Bathrooms: 4

Heating Features: Baseboard
Heating: Yes
Water Heaters: Electricity

Basement Description: CrawlSpace

RiverFront

Lot Description: FloodZone, Level
Lot Size Acres: 0.34
Lot Size Square Feet: 14810

Road Surface Type: Paved

Parking Features: Open, Paved

View: River
Security Features: HandicapAccess

Elementary School: Faulconer-Chap
High School: Sheridan
Middle School: Faulconer-Chap

Sheridan High School is a public high school located approximately 0.3 miles away.
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Faulconer-Chapman School is a public elementary and middle school located approximately 0.6 miles away.
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Delphian School is a private elementary, middle and high school located approximately 2.7 miles away.
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Gross Income: 50400

Number of Units: 4
Unit Type: UnitTypeType1, UnitTypeType2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1

Calculated Total Monthly Association Fees: 0

LotSizeRange: SqFt10000to14999
Annual Tax Amount: 2970.329999999
Source Listing Status: Active
County: Yamhill
Cap Rate: 6.73
Directions: Main St, Business Hwy 18
Tax Year: 2023
Source Property Type: MultiFamily
Parcel Number: 219418
Zoning: R3
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$224,864
$2,887
2021$unknown + $unknown
$218,315
$3,220
2020$unknown + $unknown
$211,956
$3,088
2019$unknown + $unknown
$205,783
$2,987
2018$134,019 + $58,075
$192,094
$2,762
2017$128,615 + $41,964
$170,579
$2,481
2016$113,434 + $31,691
$145,125
$2,111
2015$88,227 + $29,578
$117,805
$1,722
2014$99,225 + $31,193
$130,418
$1,910
2013$89,437 + $32,446
$121,883
$1,785
2012$unknown + $unknown
$121,481
$1,791
2011$181,576 + $18,215
$199,791
$3,109

Price Changed 2024-04-04
$537,000
RMLS
Price Changed 2024-03-03
$539,000
RMLS
Price Changed 2024-02-20
$549,000
RMLS
Price Changed 2024-02-15
$569,000
RMLS
Listed 2024-02-06
$579,000
RMLS
Listing removed 2023-12-01
$579,000
RMLS
Listing removed 2023-11-30
$0
RMLS
Price Changed 2023-09-04
$579,000
RMLS
Listed 2023-08-30
$599,000
RMLS
Listing removed 2023-04-26
$335,000
RMLS
Sold 2017-12-29
$349,900
RMLS
Listed 2017-11-06
$349,900
RMLS
Listing removed 2017-10-03
$335,000
RMLS
Listed 2017-09-19
$335,000
RMLS
Sold 2015-04-27
$230,000
Public Record
Sold 2007-12-14
$314,500
Public Record
Sold 2005-08-22
$275,000
Public Record

Net Operating Income: 36159
Operating Expense: 14241

Year Built: 1918
Building Area Total: 2956
Building Exterior Type: VinylSiding
Foundation Details: Block, ConcretePerimeter
Property Age: 106
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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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.