529 RAILROAD ST, Brookings, OR 97415
- $1,400,000
- 6,812
- SqFt
- List Price
- $1,400,000
- Days on Market
- 14
- MLS#
- 381662052
- Property Type
- Multifamily
- Sqft. of Residence
- 6,812
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Curry Co: City, Airport, Marina Hts, NB Chetco
- Status
- ACTIVE
Property Description
If you're in need of a low maintenance, highly profitable, centrally located 8-plex close to the coast & walking distance to the iconic Chetco Point, this is the one for you! At list price, this turn-key asset operates at a strong 7% CAP Rate (includes projected rent from owners unit). Seven of the units offer spacious 2 bed, 1 bath open floorplans and one of the units is a 1 bed, 1 bath. Coin operated laundry room generates consistent ancillary income. Rents are currently $1325, $1320, $1418, $1250, $1450, $1295, $825.50, & owners remodeled premium unit (beautifully updated in 2022-2023) is expected to rent at $1500 per month. Owner pays for sewer, water, & trash. Each unit has its own power meter (tenants pay for their own electricity) & detached carport includes 1 dedicated covered parking space to each tenant. Owner spared no expense after purchasing this property by painting the exterior, remodeling multiple units, & much more!
/u.realgeeks.media/westernoregonhomes/Oregon_Life.jpg)
Additional Information
- Tax Amount
- $3,939
- Year Built
- 1973
- High School
- Brookings-Harbr
- Elementary School
- Kalmiopsis
- Middle School
- Azalea
- Living Area
- 6,812
- Stories
- 2
- Terms
- Cash, Conventional
- Cooling Description
- Other
- Fuel Description
- Electricity
- Heating Description
- Baseboard
- Hoa Rent Includes
- Cable TV, Sewer, Trash Collection, Water
- Hot Water Description
- Electricity, Tank
- Exterior Description
- Other, T-111 Siding
- Roof Type
- Composition, Membrane
- Sewer Description
- Public Sewer
- View
- Mountain(s), Territorial
- Parking
- Carport, Driveway
- Security Or Entry
- None, Sidewalk
- Parking Description
- Carport, Driveway
- Road Surface
- Gravel, Paved
- Number Of Units Total
- 8
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1325
- Unit Type One Sq Ft
- 820
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 2
- Unit Type Three Rent
- 1418
- Unit Type Three Sq Ft
- 820
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 1
- Unit Type Four Beds Total
- 2
- Unit Type Four Sq Ft
- 820
- Unit Type Four Units Total
- 1
- Unit Type Five Rent
- 1250
- Unit Type Five Sq Ft
- 820
- Unit Type Five Units Total
- 1
Mortgage Calculator
Listing courtesy of John L. Scott Medford.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.