582 Winchester Avenue

Sold 10/6/20
Sold 10/6/20
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Last Sold Price
$260,000
582 Winchester Ave, Reedsport, OR 97467

Description

Great cash flow on this six-plex! 3 upper apartments are currently rented with income of $2300 per month. Seller is using the three ground floor commercial spaces for retail business that is liquidating. Upstairs units include a 2 bedroom 1 1/2 bath, 1 bedroom 1 bath and a Studio apartment. All units are spacious and remodeled. Heavy duty rubber roof is only 2 years old. Potential for conversion to apartments on ground floor too or excellent retail/office space.Great cash flow on this six-plex! 3 upper apartments are currently rented with income of $2300 per month. Seller is using the three ground floor commercial spaces for retail business that is liquidating. Upstairs units include a 2 bedroom 1 1/2 bath, 1 bedroom 1 bath and a Studio apartment. All units are spacious and remodeled. Heavy duty rubber roof is only 2 years old. Potential for conversion to apartments on ground floor too or excellent retail/office space.
LISTING CLOSED: 10/06/2020 12:00 AM

  1. Listed by Elizabeth Adamo • Mal & Seitz Real Estate

Property Details for 582 Winchester Avenue

Status
Sold
MLS #
20693928
Days on Market
8
Taxes
$1,719 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Multi Family
Year Built
1964
Lot Size
-
County
Douglas County

Amenities

  • Ground Floor
  • Parking Included
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Location

Listing Courtesy of Mal & Seitz Real Estate

Sold By Berkshire Hathaway HomeServices NW Real Estate

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Building Information for 582 Winchester Avenue

Stories2Residences6Year Built1964Building Size-Lot Size-

Payment Calculator

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$1,465 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,322

Property Taxes

$143

HOA Dues

$0

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Property Information for 582 Winchester Avenue

Summary
Location and General Information
  • Area: Douglas Co: North Douglas County
  • Country: US
  • Directions: Highway 101 to Winchester Ave., to address
  • Road Surface: Paved
Parking
  • Parking Features: Carport,Open
Taxes and HOA Information
  • FIRPTA Y/N: No
  • Tax Year: 2019
  • Tax Deferral YN: No
Virtual Tour
  • Video Virtual Tour 1 Y/N: No
Property
Lot Information
  • Lot Description: Corner Lot
  • Zoning: Com/Res
Property and Assessments
  • Water Description: Public
  • Property Condition: Updated/Remodeled
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity
  • Heating Description: Baseboard
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Block, T-111 Siding
  • Roof Type: Rubber
Interior Features
  • Basement: None
  • Foundation Details: Slab
  • View Y/N: Yes
  • View: Territorial
Multi Family
Multi-Family Information
  • Gross Income Actual: $27,600
  • Gross Income Projected: $45,600
  • Gross Rent Multiplier: 11
  • Investor Information: Incomplete
  • Net Income Actual: $21,100
  • Net Income Projected: $36,700
  • Occupancy Types: Month To Month, Vacant
  • Operating Expenses Actual: $6,500
  • Operating Expenses Projected: $8,900
  • SqFt Approximate Building Total: 4672
  • Storage: None
  • Unit Features: Deck, Fireplace, Refrigerator, Unfurnished, Washer/Dryer Hookup
  • Unit Type Type: 1, 2, 3, 4, 5, 6
Unit 1
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Fireplace, Refrigerator, Unfurnished, Washer/Dryer Hookup
  • Unit Type 1 Rent: $1,300
  • Unit Type 1 SqFt: 1200.0
  • Unit Type 1 Units Total: 1
Unit 2
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Deck, Refrigerator, Unfurnished
  • Unit Type 2 Rent: $500
  • Unit Type 2 SqFt: 600.0
  • Unit Type 2 Units Total: 1
Unit 3
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 0
  • Unit Type 3 Features: Refrigerator, Unfurnished
  • Unit Type 3 Rent: $500
  • Unit Type 3 SqFt: 530.0
  • Unit Type 3 Units Total: 1
Unit 4
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Beds Total: 0
  • Unit Type 4 Rent: $0
  • Unit Type 4 UnitsTotal: 1
Unit 5
  • Unit Type 5 Baths Total: 1
  • Unit Type 5 Beds Total: 0
  • Unit Type 5 Rent: $0
  • Unit Type 5 Units Total: 1
Unit 6
  • Unit Type 6 Baths Total: 1
  • Unit Type 6 Beds Total: 0
  • Unit Type 6 Rent: $0
  • Unit Type 6 Units Total: 1

Property History for 582 Winchester Avenue

DateEvent & SourcePriceAppreciation
Nov 17, 2015

Sold (Public Record)

Public Record #560512639

$95,000

+4.5% / yr

Dec 30, 2011

Sold (Public Record)

Public Record #321519936

$80,000

-22.5% / yr

Sep 28, 2005

Sold (Public Record)

Public Record #241871904

$395,000—
DateEvent & SourcePrice
11/17/2015

Sold (Public Record)

Public Record #560512639

$95,000

+4.5% / yr

12/30/2011

Sold (Public Record)

Public Record #321519936

$80,000

-22.5% / yr

09/28/2005

Sold (Public Record)

Public Record #241871904

$395,000

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

Public Records for 582 Winchester Avenue

Taxable ValueLand-Additions-Total-
Tax Record2025$4,729 ($394 / month)
Home Facts
Total Finished SqFt4,304 SqFtAbove Grade Finished SqFt4,304 SqFtStories2Lot Size4,356 SqFtStyleStoresYear Built1964Year Renovated1995CountyDOUGLASAPN21-12W-35CD-01900

Schools near 582 Winchester Avenue

This home is within Reedsport School District 105.
Rating
School
Type
Grades
Distance
Highland Elementary School
Public - K to 6
Reedsport Community Charter School
Charter - K to 12
Rating
School
Distance
Highland Elementary School
PublicK to 6

Reedsport Community Charter School
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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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 Mal & Seitz Real Estate

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: 10/07/2020 07:22 AM