600 4TH ST, Gervais, OR 97026

  • $3,500,000

Overview

  • 2025
    Year Built
  • MultiFamily
    Property Type
  • 594412183
    MLS#
  • 0.46 Acres
    Land Area
  • Premiere Property Group, LLC
    Office Name
  • Patrick Ledbetter
    Agent Name

Description

This is more than just an opportunity; this is an asset that’ll keep paying out for years to come. Be an investor with these brand spanking new 8 apartments and 4-8 retail/business offices in downtown Gervais. Luxury Apartments are 1,000 sqft 9′ ceilings and feature beautiful kitchens, LVP flooring, granite countertops, stainless steel appliances, 2 bedroom, 2 baths with air-conditioning, washer/dryer hookup, balcony, and storage. The ground-level 4 unit retail/offices can be split from 2,000 sq-ft to 1,000 or even smaller to rent out, could be a hair salon, nails, chiropractic office, or accountant office, bring your dream and your ideas. The parking lot is also big enough to rent out to culinary food trailers/trucks. There is also an area on the south side of the parking lot that is approved for an 800sqft commercial building thats already plumbed for water and sewer.This is a “Gold Mine” of opportunity. Minutes from I-5, between Portland and Salem. Gervais is such a great community and has grown substantially in the last few years, having its own schools, Elementary up through High School. Seller is also willing to carry a contract on this for 20 years with a sizable down payment. The projected yearly gross income is over 300k. The estimated time of completion is July. Super easy access to I-5 in Woodburn, which is smack-dab in the middle between Portland and Salem. Don’t let this phenomenal opportunity pass this up.

Details

Updated on February 27, 2026 at 8:43 pm
  • MLS# 594412183
  • Price $3,500,000
  • Land Area 0.46 Acres
  • Garage Size x x
  • Year Built 2025
  • Property Type MultiFamily
  • Property Status Active
  • Office Name Premiere Property Group, LLC
  • Agent Name Patrick Ledbetter
  • Office Phone 503-670-9000

Additional details

  • Listing Terms Call Listing Agent, Cash, Contract, Conventional, FHA, Owner Will Carry
  • Roof Composition
  • Sewer Public Sewer
  • Cooling Wall Unit
  • Heating Wall Heater
  • County Marion
  • Property Type MultiFamily
  • Parking Assigned, Paved
  • Elementary School Gervais
  • Middle School Gervais
  • High School Gervais
  • Community Features All Landscaping

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