1308 E Main St

Cottage Grove, OR 97424

$1,650,000
Price
—
Beds
—
Baths
4,554 Sq. Ft.
$362 / Sq. Ft.
4,554
Sq. Ft.
$362
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Virtual Tour
Virtual Tour
a view of a balcony with sitting area
a front view of a house with swimming pool
a view of a building with sitting area
a view of walk in closet
a living room with furniture and a couch
a living room with furniture and a flat screen tv
a kitchen with a stove and wooden floor
a kitchen with stainless steel appliances granite countertop a stove a sink and a microwave
a very nice looking dining room with kitchen island furniture a clock and a view of kitchen
a kitchen with granite countertop a sink window and cabinets
a room with pool table and windows
a room with lots of furniture and view of kitchen
a bedroom with a bed and wooden floor
a open kitchen with kitchen island granite countertop a refrigerator and cabinets
a bathroom with a bathtub a sink a mirror and a shower
a bathroom with a shower
a bathroom with a sink mirror and vanity
a view of a walk in closet
a bedroom with a bed and a table
a utility room with dryer and washer
a view of a balcony with couch and wooden floor
a view of an outdoor space and yard
a house view with a outdoor space
a backyard of a house with lots of green space
a front view of a house
a living room with furniture and a dining table
a living room with furniture and a flat screen tv
a workspace with furniture and window
a kitchen with kitchen island white cabinets appliances and sink
a kitchen with granite countertop white cabinets and stainless steel appliances
a living room with furniture and a flat screen tv
a bathroom with a sink a toilet and shower
a bedroom with a bed and a window
a view of washer and dryer in a utility room
a terrace of a house with outdoor seating
a view of an outdoor space and yard
a living room with a couch
a view of a building with a patio
a living room with furniture
a living room with furniture and a table
a living room with furniture and a flat screen tv
a living room with furniture and a flat screen tv
a view of bathroom with a toilet sink and mirror
a view of city and mountain
a view of a city
a view of a city
a view of city

Description

Exceptional Mixed-Use Investment Opportunity in the Heart of Cottage Grove! Built by JDL Construction in late 2020, this nearly new development includes a fully rented triplex and a separate commercial building, offering immediate income, long-term stability, and strong investment potential. The triplex features two 575 sq ft 1 bed / 1 bath apartments on the ground level, each equipped with stainless steel appliances and stackable washer/dryers. Above is a stunning 1,704 sq ft penthouse accessed...Exceptional Mixed-Use Investment Opportunity in the Heart of Cottage Grove! Built by JDL Construction in late 2020, this nearly new development includes a fully rented triplex and a separate commercial building, offering immediate income, long-term stability, and strong investment potential. The triplex features two 575 sq ft 1 bed / 1 bath apartments on the ground level, each equipped with stainless steel appliances and stackable washer/dryers. Above is a stunning 1,704 sq ft penthouse accessed by a private elevator inside the attached two-car garage. This luxurious residence offers 2 bedrooms, 2 bathrooms, an office, indoor laundry, and a large walk-in closet. The chef’s kitchen includes two refrigerators, stainless appliances, gas range, quartz countertops, and custom cabinetry. Additional highlights include wide-plank oak flooring, heated tile floors, custom lighting, on-demand hot water, and large picture windows overlooking Coiner Park. The Trex front deck with decorative wrought iron railing spans the length of the penthouse and is accessible through French doors from the primary suite and living room. The separate 1,700 sq ft commercial building is leased with 4 years remaining, providing stable, long-term income. It features ADA compliance, off-street parking, bay door access, ductless HVAC, two bathrooms, conference room, storage room, and front lobby. An electronic wrought iron gate separates the residential and commercial spaces. With existing tenants and strong rental demand, this property offers excellent income potential and future CAP rate upside. Live in the penthouse while generating rental income, or maintain it as a fully functioning investment property. Additional benefit: transferable tax deferral with approximately 4 years remaining, resulting in property taxes of only $756 per year. Prime location, just minutes to I-5 and historic downtown district. A rare opportunity to own one of the best commercial lots on Main Street with built-in income!
  1. Listed by Lindsay Martinez • Wonderland Realty LLC

Property Details for 1308 East Main Street

Parking Features
Off Street, Secured
Zoning
C2P
View
City, Mountain, Park Greenbelt
Garage Spaces
2.00
Parking Total
10.00
LISTING UPDATED: 04/14/2026 10:44 AM

Property Details for 1308 East Main Street

StatusActive
MLS #286066990
Days on Market50
Taxes$757 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built2020
Lot Size-
CountyLane County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Wonderland Realty LLC
Add your commute

Virtual Tour

Building Information for 1308 East Main Street

Stories2Residences4Year Built2020Building Size-Lot Size-

Payment Calculator

Get preapproved with Rocket Mortgage1

$8,372 per month

30 year fixed, 6.46% Interest

Principal and Interest

$8,309

Property Taxes

$63

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 1308 East Main Street

Summary
Location and General Information
  • Country: US
  • Directions: I5 South, Exit 174, straight on Gateway Blvd, R on E. Main St, R at address
  • Road Surface: Paved
School Information
  • Elementary School: Bohemia
  • High School: Cottage Grove
  • Middle Or Junior School: Lincoln
Taxes and HOA
  • Tax Year: 2025
  • Tax Deferral Desc: MUPTE
  • Tax Annual Amount: $756.61
  • Parcel Number: 0898831
  • Tax Legal Description: TL 06500
Property
Lot Information
  • Lot Description: Level, On Busline
  • Lot Size Range: Sq Ft10000to14999
  • Lot Size: 10,000 to 14,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Approximately
  • Year Built: 2020
Utilities
  • Cooling Description: Mini Split
  • Fuel Description: Electricity, Gas
  • Heating Description: Ductless
  • Hot Water Description: Gas, Tankless
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Stucco
  • Roof Type: Flat, Metal
Interior Features
  • Stories: 2
Amenities
Amenities Information
  • Internet Service Type: Cable
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $61,800.00
  • Gross Income Projected: $95,400.00
  • Gross Rent Multiplier: $26.70
  • Investor Information: Annual Property Operation Data, Leases, Maintenance Records Available, Rent Records
  • Net Income Actual: $34,878.00
  • Net Income Projected: 68478
  • Operating Expenses Projected: $12,610.00
  • Operating Expense: $7,840.00
  • Security Features: Fire Sprinkler System, Handicap Access, Security Gate, Security System Owned
  • Storage: Attached, Garage
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3
  • SqFt Approximate Building Total: 4554
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 Features: Air Conditioning, Dishwasher, Refrigerator, Washer Dryer
  • Unit Type 1 Rent: $1,200
  • Unit Type 1 SqFt: 575.0
  • Unit Type 1 Units Total: 2
Unit 2 Information
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Baths Decimal: 2.00
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Air Conditioning, Hardwood Floors, Refrigerator, Washer Dryer
  • Unit Type 2 Rent: $0
  • Unit Type 2 SqFt: 1704.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 2
  • Unit Type 3 Baths Decimal: .20
  • Unit Type 3 Beds Total: 0
  • Unit Type 3 Features: Air Conditioning, Storage
  • Unit Type 3 Rent: $2,750
  • Unit Type 3 SqFt: 1700.0
  • Unit Type 3 Units Total: 1

Public Records for 1308 East Main Street

Taxable ValueLand-Additions-Total-
Tax Record2025$757 ($63 / month)
Home Facts
Total Finished SqFt2,854 SqFtAbove Grade Finished SqFt2,854 SqFtStories2Lot Size15,246 SqFtStyleDuplexYear Built2020CountyLANEAPN20-03-28-42-06500-000

Schools near 1308 East Main Street

This home is within South Lane School District 45j3.
Rating
School
Type
Grades
Distance
Bohemia Elementary School
Public - K to 5
Lincoln Middle School
Public - 6 to 8
Cottage Grove High School
Public - 9 to 12
Academy For Character Education
Charter - K to 12
Rating
School
Distance
Bohemia Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Cottage Grove High School
Public9 to 12

Academy For Character Education
CharterK 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.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 1308 East Main Street, Cottage Grove, OR 97424

1308 East Main Street is a multi-family home for sale in Cottage Grove, OR 97424. This property was listed for sale on March 10, 2026 by Wonderland Realty LLC, it's currently listed at $1,650,000. This listing's school district is South Lane School District 45j3. Nearby schools include Bohemia Elementary School, Lincoln Middle School and Cottage Grove High School. 1308 East Main Street is a 0-bed, 0-bath, 4,554 sqft multi-family home built in 2020.

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 Wonderland 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: 04/14/2026 10:44 AM