147 Water Alley

Prairie City, OR 97869

$265,000
Price
2
Beds
2,883 Sq. Ft.
$92 / Sq. Ft.
2,883
Sq. Ft.
$92
per Sq. Ft.

Description

Rare Dual-Income Opportunity: (See MLS 668547505 if your interested in two commercial buildings.) Maximize your ROI with this versatile commercial-residential hybrid. This unique property features two high-visibility storefronts perfect for retail, office space, or studio use. Tucked privately behind the commercial wing is a stunning, open-concept residence currently operating as a successful rental. The living quarters boast a modern, airy layout with 2 bedrooms, 2 bathrooms, and a massive open...Rare Dual-Income Opportunity: (See MLS 668547505 if your interested in two commercial buildings.) Maximize your ROI with this versatile commercial-residential hybrid. This unique property features two high-visibility storefronts perfect for retail, office space, or studio use. Tucked privately behind the commercial wing is a stunning, open-concept residence currently operating as a successful rental. The living quarters boast a modern, airy layout with 2 bedrooms, 2 bathrooms, and a massive open loft upstairs—ideal for an additional sleeping area or creative studio. Guests and residents alike will enjoy the paved outdoor patio and charming low-maintenance yard, all framed by breathtaking mountain views. Whether you run your business from the front and live in the back, or rent all three units for maximum cash flow, this property is a turnkey gem.
  1. Listed by Deborah Brown • Madden Realty • 541-419-8156

Property Details for 147 Water Alley

Style
Other
Parking Features
On Street, Parking Pad
View
Mountain
Garage Spaces
.00
Parking Total
.00
LISTING UPDATED: 01/28/2026 12:21 AM

Property Details for 147 Water Alley

StatusActive
MLS #612356219
Days on Market21
Taxes$2,426 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1902
Lot Size0.17 AC / 7,405 SF
CountyGrant County

Location

Listing Courtesy of Madden Realty
Add your commute

Building Information for 147 Water Alley

Stories2Year Built1902Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

$1,494 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,292

Property Taxes

$202

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 147 Water Alley

Summary
Location and General Information
  • Country: US
  • Directions: Hwy 26
  • Road Surface: Paved
School Information
  • Elementary School: Prairie City
  • High School: Prairie City
  • Middle Or Junior School: Prairie City
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $2,426.10
  • Parcel Number: 13S3302CD9300
  • Tax Legal Description: .17 ACRES
Property
Lot Information
  • Acres: 0.17
  • Lot Description: Level
  • Lot Size Square Feet: 7405.0
  • Lot Size Range: Sq Ft7000to9999
  • Lot Size: 7,000 to 9,999 Sq Ft
  • SqFt Source: assor
Property and Assessments
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Water Description: Public Water
  • Property Condition: Resale
  • Year Built: 1902
Utilities
  • Fuel Description: Oil
  • Heating Description: Laser Oil Stove
  • Sewer Description: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Board Batten Siding
  • Exterior Features: Patio
  • Roof Type: Composition
Interior Features
  • Basement: Crawl Space
  • Window Features: Vinyl Frames
  • Fireplace Description: Stove, Wood Burning
  • Interior Features: High Ceilings, Laundry, Wallto Wall Carpet, Washer Dryer
  • SqFt Calculated: 2883
  • SqFt Lower Level Total: 0
  • SqFt Main Level Total: 1779
  • SqFt Upper Level Total: 1104
  • Bedrooms Total: 2
  • Stories: 2
  • Baths Total: 2.0
Master Bedroom
  • Room Description: Primary Bedroom
Bedroom 2
  • Room Description: _2nd Bedroom
Dining Room
  • Room Description: Dining Room
Family Room
  • Room Description: Family Room
Kitchen
  • Room Description: Kitchen
  • Kitchen Appliances: Dishwasher, Free Standing Range, Free Standing Refrigerator
Living Room
  • Room Description: Living Room
Baths
  • Baths Lower Level Full: 0
  • Baths Lower Level Partial: 0
  • Baths Lower Level Total: 0.0
  • Baths Main Level Full: 1
  • BathsMainLevelPartial: 0
  • Baths Main Level Total: 1.0
  • Bathrooms Full: 2
  • Baths Partial: 0
  • Total Bathrooms: 2
  • Baths Upper Leve lFull: 1
  • Baths Upper Level Partial: 0
  • Baths Upper Level Total: 1.0
Multi Family
Multi-Family Information
  • SqFt Approximate Building Total: 2883

Schools near 147 Water Alley

This home is within Prairie City School District 4.
Rating
School
Type
Grades
Distance
Prairie City School
Public - K to 12
Oregon Connections Academy
Charter - K to 12
Virtual Preparatory Academy of Oregon
Charter - K to 12
Rating
School
Distance
Prairie City School
PublicK to 12

Oregon Connections Academy
CharterK to 12

Virtual Preparatory Academy of Oregon
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.

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More information about 147 Water Alley, Prairie City, OR 97869

147 Water Alley is a single family home for sale in Prairie City, OR 97869. This property was listed for sale on January 7, 2026 by Madden Realty, it's currently listed at $265,000. This listing's school district is Prairie City School District 4. Nearby schools include Prairie City School, Oregon Connections Academy and Virtual Preparatory Academy of Oregon. 147 Water Alley is a 2-bed, 2-bath, 2,883 sqft single family home built in 1902.

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 Madden Realty

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