172 S Old Pacific, Myrtle Creek, OR 97457
172 S Old Pacific, Myrtle Creek, OR 97457
172 S Old Pacific, Myrtle Creek, OR 97457
172 S Old Pacific, Myrtle Creek, OR 97457
172 S Old Pacific, Myrtle Creek, OR 97457
172 S Old Pacific, Myrtle Creek, OR 97457
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HomeSmart Realty Group

HomeSmart Realty Group

+1(971) 599-5865
Listed by Stellar Realty Northwest
$ 525,000
Est. payment | /mo

336 SqFt

Save
$ 525,000
Est. payment | /mo
Save

336 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 336 sqft

Price per Sqft $1,562

MLS Listing ID 697706513

Year Built 1954

Annual Tax Amount $2,330

Tax Year 2025

Lot Size 2.520 Acres

Property Description

Prime mixed-use income property with highway frontage and multiple revenue streams on 2.52 acres! Most of the property is zoned C2 with a small R2 portion, offering a wide range of potential uses and income opportunities. This Multi-Family listing highlights the residential income components: a 336 sq ft studio cabin rented at $800/month and four long-term rental spaces (tenant-owned units) at $400/month each, all fully occupied. Seller pays water, sewer, and garbage for these units.The property also features a 2,404 sq ft commercial building currently operated as the decades-old Tri City Country Club bar. This space offers exceptional visibility, dedicated parking, and longstanding local activity, creating a rare opportunity to own and operate a local landmark or keep it leased for additional income.Approximate ROI just from the rental spaces, cabin, and commercial building is $4,500/month, excluding any additional income generated from operating the bar as an owner/operator. Current owner is willing to sign a lease to remain in the commercial space or transition operations to a new owner. Call your agent for additional details.With established residential income, an active commercial component, and flexible zoning that allows for a variety of permitted uses, this property offers an exceptional combination of cash flow potential and future opportunity. See Commercial MLS #714690645 for full commercial details. Owner carry available with a large down payment. Motivated seller!

Location

State OR

County Douglas

Area _258

Zoning C2 & R2

Rooms

Basement None

Interior

Heating Wall Heater

Cooling Wall Unit

Exterior

View Mountain, Territorial, Trees Woods

Roof Type Composition

Garage No

Building

Lot Description Level

Story 1

Foundation Slab

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Myrtle Creek

Middle Schools Coffenberry

High Schools South Umpqua

Others

Acceptable Financing Cash, Other, OwnerWillCarry

Listing Terms Cash, Other, OwnerWillCarry

Regional Multiple Listing Service (RMLS)

Nearby Locations

HomeSmart Realty Group

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

+1(971) 599-5865

broker@hsmartrealtygroup.com

3240 Commercial St SE, Ste 100, Salem, OR, 97302

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172 S Old Pacific