Property Description
Well-located 9-unit multifamily investment in Butte Falls offering immediate cash flow w/value-add upside. The property consists of three two-story buildings totaling approx. 6,200 SF on an ±0.43 acre parcel. Unit mix includes 1 and 2 bedroom units w/separate gas and electric meters, on-site storage sheds, and ample off-street parking. Currently 7 of 9 units occupied, providing in-place income with near-term upside through lease-up of two vacant units. One vacant unit requires routine make-ready only (carpet and interior paint). Several long-term tenants support stable rental demand. A portion of the income is HUD-subsidized, offering reliable rent payments and downside protection. No HOA. Public utilities. Professionally managed. Pricing reflects current occupancy and market conditions, creating an attractive entry point for investors seeking steady cash flow w/upside through lease-up and operational optimization. Do not disturb tenants. Financials & rent roll avail. upon request.
Property Features
Feature Descriptions
Listed By / Shown By
Listed By
Agency Name: RE/MAX Platinum
Shown By
Agent Name: William Raven Broker
Agent Phone: (541) 280-9701
Agency Title: Bend Premier Real Estate
Estimate Your Payment
Estimated Payment
$ 4,039.97 per month $3,160.34 Principal & Interest $697.33 Property Tax $182.29 Homeowner's InsuranceChange Payment Information
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248 South Street | MLS# 220208089
This multi-family property located at 248 South Street, Butte Falls, OR 97522 is currently listed for sale with an asking price of $625,000. Search Butte Falls real estate on www.williamraven.realtor today.