529 RAILROAD ST, Brookings, OR 97415
- $1,295,000
- $1,325,000
529 RAILROAD ST, Brookings, OR 97415
- $1,295,000
- $1,325,000
Overview
- 6812 Sqft
- 1973
- MultiFamily
- 381662052
- John L. Scott Medford
- Alex Aaronson
Description
Attention investors! Housing shortage! Highly profitable, centrally located 8-plex close to the coast & walking distance to the iconic Chetco Point! At list price, this turn-key asset operates at a strong 7.7% 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!
Details
Updated on September 8, 2026 at 5:52 pm-
MLS# 381662052
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Price $1,295,000
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Property Size 6812 Sqft
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Garage Size x x
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Year Built 1973
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Property Type MultiFamily
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Property Status Active
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Office Name John L. Scott Medford
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Agent Name Alex Aaronson
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Office Phone 541-779-3611
Additional details
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Listing Terms Cash, Conventional
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Roof Composition, Membrane
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Sewer Public Sewer
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Cooling Other
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Heating Baseboard
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County Curry
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Property Type MultiFamily
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Parking Carport, Driveway
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Elementary School Kalmiopsis
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Middle School Azalea
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High School Brookings-Harbr
Walkscore
Mortgage Calculator
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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PMI
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Monthly HOA Fees
Contact Information
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