118 Engle Ave

Molalla, OR 97038

$425,000
Price
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Beds
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Baths
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per Sq. Ft.

Description

The Commercial unit rent increase to $1,400 coming Jan. 1, 2026! Versatile Investment Property with Two Apartments, 1 commercial unit In A Prime Location! Incredible investment opportunity in a buzzing commercial corridor! This unique property offers the best of both worlds. There's a spacious commercial unit currently with two 26’x16’ salon-style suites, each equipped with a closet and private bathroom, plus an additional private office space. This commercial section features a separate entrance...The Commercial unit rent increase to $1,400 coming Jan. 1, 2026! Versatile Investment Property with Two Apartments, 1 commercial unit In A Prime Location! Incredible investment opportunity in a buzzing commercial corridor! This unique property offers the best of both worlds. There's a spacious commercial unit currently with two 26’x16’ salon-style suites, each equipped with a closet and private bathroom, plus an additional private office space. This commercial section features a separate entrance to maintain business privacy and flow. Additionally, there are two charming 1-bedroom apartments with their own private entrances, perfect for owner-occupancy or tenant rental. The residential units include living room/kitchens, a cozy bedroom, and a bathroom with a walk-in shower making this an ideal setup for live/work flexibility or added passive income. Strategically located in a high-traffic area, close to public transportation, and surrounded by thriving local businesses, it's the perfect setup to draw in clientele and benefit from surrounding activity. Zoned for various commercial uses – confirm specifics with the city. Don’t miss this chance to establish your business or expand your portfolio with a multi-use, income-producing property in a high-demand area!
  1. Listed by Nick Shivers • eXp Realty, LLC • 503-389-0821
  2. Listed by Marcus Winklepleck • eXp Realty, LLC

Property Details for 118 Engle Avenue

Parking Features
Off Street
Zoning
Comm
Parking Total
7.00
LISTING UPDATED: 01/27/2026 12:20 AM

Property Details for 118 Engle Avenue

StatusActive
MLS #322193075
Days on Market165
Taxes$3,563 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1978
Lot Size0.14 AC / 6,098 SF
CountyClackamas County

Location

Listing Courtesy of eXp Realty, LLC
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Building Information for 118 Engle Avenue

Stories1Residences3Year Built1978Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$2,368 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,071

Property Taxes

$297

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 118 Engle Avenue

Summary
Location and General Information
  • Country: US
  • Directions: E Main St to Engle Ave
  • Road Surface: Paved
School Information
  • Elementary School: Molalla
  • High School: Molalla
  • Middle Or Junior School: Molalla River
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $3,562.77
  • Parcel Number: 01099028
  • Tax Legal Description: 333 GREGORYS 1ST ADD LT 9 BLK 1
Property
Lot Information
  • Acres: 0.14
  • Lot Description: Level
  • Lot Size Square Feet: 6098.0
  • Lot Size Dimension: 50x120
  • 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: Existing
  • Year Built: 1978
Utilities
  • Cooling Description: Wall Unit
  • Fuel Description: Electricity
  • Heating Description: Zoned
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Wood Siding
  • Roof Type: Composition
Interior Features
  • Stories: 1
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
  • Gross Income Actual: $42,000.00
  • Gross Rent Multiplier: $10.12
  • Net Income Actual: $32,072.00
  • Operating Expense: $9,928.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Rent: $1,100
  • Unit Type 1 SqFt: 460.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Rent: $1,100
  • Unit Type 2 SqFt: 460.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 1
  • Unit Type 3 Rent: $1,300
  • Unit Type 3 SqFt: 832.0
  • Unit Type 3 Units Total: 1

Public Records for 118 Engle Avenue

Taxable ValueLand-Additions-Total-
Tax Record2025$3,686 ($307 / month)
Home Facts
Lot Size6,000 SqFtStyleMiscellaneous CommercialYear Built1978ZoningC1CountyCLACKAMASAPN52E09CC10200

Schools near 118 Engle Avenue

This home is within Molalla River School District 35.
Rating
School
Type
Grades
Distance
Molalla Elementary School
Public - K to 5
Molalla River Middle School
Public - 6 to 8
Molalla High School
Public - 9 to 12
Dickey Prairie Elementary School
Public - 1 to 5
Rating
School
Distance
Molalla Elementary School
PublicK to 5

Molalla River Middle School
Public6 to 8

Molalla High School
Public9 to 12

Dickey Prairie Elementary School
Public1 to 5

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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More information about 118 Engle Avenue, Molalla, OR 97038

118 Engle Avenue is a multi-family home for sale in Molalla, OR 97038. This property was listed for sale on August 15, 2025 by eXp Realty, LLC, it's currently listed at $425,000. This listing's school district is Molalla River School District 35. Nearby schools include Molalla Elementary School, Molalla River Middle School and Molalla High School. 118 Engle Avenue is a 0-bed, 0-bath, multi-family home built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, LLC

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: 01/27/2026 12:20 AM