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Shannon Lambert

homeinsightshannon@gmail.com +1(503) 347-0159

Listed by Keller Williams Southern Oregon-Umpqua Valley • 541-371-5500

$ 995,000

Est. payment | -/mo

4,975 SqFt

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$ 995,000

Est. payment | -/mo

Save Virtual Tour

4,975 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,975 sqft

Price per Sqft $200

MLS Listing ID 24623896

Year Built 1952

Annual Tax Amount $4,400

Tax Year 2023

Lot Size 0.830 Acres

Property Description

Exceptional Riverfront Investment Opportunity in Roseburg! Discover this unique 6-unit multifamily property offering stable, long-term rental income with virtually no owner involvement required. Nestled in a serene, riverfront neighborhood, this property features four buildings thoughtfully designed for flexibility and minimal vacancy risk. Building 1: Two 1-bedroom, 1-bath units converted into a spacious 3-bedroom, 2-bath unit – recently renovated in 2023 (1,350 sqft). Building 2: Two 1-bedroom, 1-bath units, also convertible to a 3-bedroom, 2-bath unit (1,350 sqft). Building 3: One 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit, currently converted to a combined 4-bedroom, 2-bath layout – fully rebuilt in 2023(2,100 sqft). Building 4: Dedicated laundry facility for tenant convenience(175 sqft). All units are separately metered, ensuring low operating costs. The property generates a robust $72,000 NOI annually, backed by long-term, reputable tenants on a stable NN lease. Recent renovations mean no deferred maintenance, with tenants responsible for their own upkeep and remodeling needs. This riverfront property is particularly attractive to its current tenant, an adult home care service provider, due to its state-specific licenses that are not easily transferable, ensuring long-term tenant stability. A rare find with nearly zero vacancy risk, this multifamily gem promises steady net income with peace of mind, all while offering serene water views. Don't miss out on this rare riverfront investment opportunity. Contact us today to schedule a private tour and explore the potential of this unique property!

Location

State OR

County Douglas

Community Alllandscaping

Area _253

Zoning MR14

Rooms

Basement Crawl Space

Interior

Heating Forced Air

Cooling Central Air, Mini Split

Exterior

Garage Spaces 3.0

Community Features AllLandscaping

Waterfront Yes

Waterfront Description RiverFront

View Mountain, River

Roof Type Composition

Parking Type Carport, Driveway

Garage No

Building

Lot Description Cleared, Gentle Sloping, Level

Story 1

Foundation Stem Wall

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Fullerton

Middle Schools Fremont

High Schools Roseburg

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 347-0159

homeinsightshannon@gmail.com

1112 Daniels St, Suite 102-D, Vancouver, 98660, USA

730 SE FLINT ST Roseburg, OR 97470