600 4TH ST, Gervais, OR 97026
- $3,500,000
Overview
- 2025
- MultiFamily
- 594412183
- 0.46 Acres
- Premiere Property Group, LLC
- Patrick Ledbetter
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
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Price $3,500,000
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Land Area 0.46 Acres
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Garage Size x x
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Year Built 2025
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Property Type MultiFamily
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Property Status Active
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Office Name Premiere Property Group, LLC
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Agent Name Patrick Ledbetter
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Office Phone 503-670-9000
Additional details
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Listing Terms Call Listing Agent, Cash, Contract, Conventional, FHA, Owner Will Carry
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Roof Composition
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Sewer Public Sewer
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Cooling Wall Unit
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Heating Wall Heater
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County Marion
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Property Type MultiFamily
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Parking Assigned, Paved
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Elementary School Gervais
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Middle School Gervais
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High School Gervais
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Community Features All Landscaping
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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