1135 Rhododendron Drive

Sold 10/17/24
Sold 10/17/24
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Last Sold Price
$252,500
1135 Rhododendron Dr, Florence, OR 97439

Description

Discover a prime investment opportunity nestled near the historic Old Town Florence District! This duplex presents an ideal chance for investors seeking to capitalize on the thriving real estate market in this charming locale. Currently occupied by long-term tenants, the property offers immediate rental income while also harboring significant potential for enhancement. Unit 1135 boasts a spacious layout encompassing 3 bedrooms and 2 bathrooms spread across 1,272 square feet. Adjacent, a 336-square-foot...Discover a prime investment opportunity nestled near the historic Old Town Florence District! This duplex presents an ideal chance for investors seeking to capitalize on the thriving real estate market in this charming locale. Currently occupied by long-term tenants, the property offers immediate rental income while also harboring significant potential for enhancement. Unit 1135 boasts a spacious layout encompassing 3 bedrooms and 2 bathrooms spread across 1,272 square feet. Adjacent, a 336-square-foot single-car garage provides convenient parking and additional storage options. Complementing this, Unit 1137 features a cozy 520-square-foot configuration with 1 bedroom and 1 bathroom, catering perfectly to varying tenant needs. Strategically positioned near the Historic Old Town Florence District, this property promises not only steady rental income but also the allure of transformation into a lucrative short-term rental hotspot. With its current tenant occupancy, you have the flexibility to maintain stable rental revenue on a month-to-month basis or seize the opportunity to refurbish and elevate the property? s appeal, thereby enhancing its rental potential even further. The choice is yours to either capitalize on immediate returns or embark on a venture to maximize future profitability. Surrounded by the timeless charm of Old Town Florence, residents and visitors alike relish the proximity to historic landmarks, local shops, vibrant dining options, and scenic vistas. This location not only ensures a desirable living environment for tenants but also solidifies its standing as a sought-after destination for vacationers seeking authentic experiences. Act now to secure your stake in this promising investment opportunity .
LISTING CLOSED: 10/17/2024 12:00 AM

  1. Listed by John Barnett • Coldwell Banker Coast Real Est
  2. Listed by Justin Young • Coldwell Banker Coast Real Est

Property Details for 1135 Rhododendron Drive

Status
Sold
MLS #
24496642
Days on Market
3
Taxes
$2,710 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Multi Family
Year Built
1979
Lot Size
0.14 AC / 6,098 SF
County
Lane County
Parking Features
Driveway, Garage
Zoning
MR
View
City

Recent comparable sales

Median sold price

$455,000

Avg days on market

48

Sale-to-list ratio

95.2%

[Florence, OR]

9 comparable properties found

$665,000 | 1126 9th Street, Florence, OR 97439
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1

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Bathrooms
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Square Feet
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Acres

1126 9th Street, Florence, OR 97439

a view of a house with a yard
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Sold 09/16/24

Unavailable
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Square Feet
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Acres

2137 10th Street, Florence, OR 97439

$260,000 | 1500 Highway 101 North, Florence, OR 97439
1/7
3

$260,000

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Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
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Acres

1500 Highway 101 North, Florence, OR 97439

$695,000 | 1610 19th Street, Florence, OR 97439
1/49
4

$695,000

Sold 06/01/26

Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
0.24
Acres

1610 19th Street, Florence, OR 97439

a house view with a garden space
1/2
5

$455,000

Sold 04/30/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,440
Square Feet
0.23
Acres

2024 Oak Street, Florence, OR 97439

a view of outdoor space and yard
1/20
6

$450,000

Sold 07/22/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,080
Square Feet
0.18
Acres

1680 22nd Street, Florence, OR 97439

a front view of a house with a garden
1/8
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$605,000

Sold 02/13/26

Unavailable
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Unavailable
Bathrooms
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Square Feet
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Acres

1675 22nd Street, Florence, OR 97439

a black and white building with trees in the background
1/41
8

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Sold 04/22/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.18
Acres

150 Outer Drive, Florence, OR 97439

a view of a house with a yard and garage
1/49
9

$485,000

Sold 04/07/26

Unavailable
Bedrooms
Unavailable
Bathrooms
2,245
Square Feet
0.16
Acres

3397 Oak Street, Florence, OR 97439

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Location

Listing Courtesy of Coldwell Banker Coast Real Est

Sold By Coldwell Banker Coast Real Est

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Building Information for 1135 Rhododendron Drive

Stories1Residences3Year Built1979Building Size-Lot Size0.14 AC / 6,098 SF

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$1,509 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,283

Property Taxes

$226

HOA Dues

$0

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Property Information for 1135 Rhododendron Drive

Summary
Location and General Information
  • Country: US
  • Directions: N on Hwy 101, Left on to Rhododendron Drive Property on the right
  • Road Surface: Paved
School Information
  • Elementary School: Siuslaw
  • High School: Siuslaw
  • Middle Or Junior School: Siuslaw
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $2,710.23
  • Parcel Number: 0799476
  • Tax Legal Description: 18-12-27-43-06300
Property
Lot Information
  • Acres: 0.14
  • Lot Size Square Feet: 6098.0
  • Lot Size Range: Sq Ft5000to6999
  • Lot Size: 5,000 to 6,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Approximately
  • Year Built: 1979
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity
  • Heating Description: Baseboard
  • Hot Water Description: Electricity, Tank
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Lap Siding
  • Roof Type: Composition, Fiberglass
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Concrete Perimeter
  • Stories: 1
Amenities
Amenities Information
  • Internet Service Type: Cable
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
  • Gross Income Actual: $1,750.00
  • Gross Income Projected: $21,000.00
  • Gross Rent Multiplier: $157.14
  • Investor Information: Incomplete, Rent Records
  • Net Income Actual: $1,200.00
  • Net Income Projected: 14400
  • Operating Expense: $1,550.00
  • Unit Type Type: Unit Type Type1
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Baths Decimal: 2.00
  • Unit Type 1 Beds Total: 3
  • Unit Type 1 Features: Dishwasher, Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 1 Rent: $1,050
  • Unit Type 1 SqFt: 1272.0
  • Unit Type 1 Units Total: 1
Unit 5 Information
  • Unit Type 5 Baths Total: 1
  • Unit Type 5 Baths Decimal: 1.00
  • Unit Type 5 Beds Total: 1
  • Unit Type 5 Features: Dishwasher, Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 5 Rent: $500
  • Unit Type 5 SqFt: 520.0
  • Unit Type 5 Units Total: 2

Property History for 1135 Rhododendron Drive

DateEvent & SourcePriceAppreciation
Oct 16, 2024

Sold (Public Record)

Public Record #1542684690

$252,500—
DateEvent & SourcePrice
10/16/2024

Sold (Public Record)

Public Record #1542684690

$252,500

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1135 Rhododendron Drive

Taxable ValueLand-Additions-Total-
Tax Record2025$2,870 ($239 / month)
Home Facts
Baths3Total Finished SqFt1,792 SqFtAbove Grade Finished SqFt1,792 SqFtStories1Lot Size6,098 SqFtStyleDuplexYear Built1979Year Renovated1981ZoningRS-SINGLE FAMCountyLANEAPN18-12-27-43-06300-000Fireplace TypeHas Fireplace

Schools near 1135 Rhododendron Drive

This home is within Siuslaw School District 97j.
Rating
School
Type
Grades
Distance
Siuslaw Elementary School
Public - K to 5
Siuslaw Middle School
Public - 6 to 8
Siuslaw High School
Public - 9 to 12
Rating
School
Distance
Siuslaw Elementary School
PublicK to 5

Siuslaw Middle School
Public6 to 8

Siuslaw High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1135 Rhododendron Drive, Florence, OR 97439
$252,500
–
–
–
6,098
522 Juniper Street, Florence, OR 97439
–
2
1
1,012
4,792
490 Juniper Street, Florence, OR 97439
$114,000
2
994
9,147
527 Juniper Street, Florence, OR 97439
–
2
2
2,034
9,148
1138 6th Street, Florence, OR 97439
–
3
2
1,342
6,098
509 Kingwood Street, Florence, OR 97439
$240,000
–
–
–
–

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Coast Real Est

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 10/18/2024 09:42 AM