600 4th St

Gervais, OR 97026

$3,500,000
Price
—
Beds
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Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.
a front view of a house with cars parked
a view of a house with a patio
a front view of a building with street
a view of livingroom with stairs
a view of a room with gym equipment
a large bedroom with a bed and a dresser in it
an empty room with a window
an empty room with a window
a view of hallway with washer and dryer
a utility room with a sink
a view of empty room
an empty room with wooden floor and windows
wooden floor in an empty room with a window
a view of a hallway with wooden floor and staircase
a view of an empty room
an empty room with wooden floor and windows
a view of hallway with wooden floor
a kitchen with kitchen island wooden cabinets and stainless steel appliances
a living room with furniture and a wooden floor

Description

This is more than just an opportunity; this is an asset that'll keep paying out for years to come. Be an investor with these brand spanking new 8 apartments and 4-8 retail/business offices in downtown Gervais. Luxury Apartments are 1,000 sqft 9' ceilings and feature beautiful kitchens, LVP flooring, granite countertops, stainless steel appliances, 2 bedroom, 2 baths with air-conditioning, washer/dryer hookup, balcony, and storage. The ground-level 4 unit retail/offices can be split from 2,000 sq-ft...This is more than just an opportunity; this is an asset that'll keep paying out for years to come. Be an investor with these brand spanking new 8 apartments and 4-8 retail/business offices in downtown Gervais. Luxury Apartments are 1,000 sqft 9' ceilings and feature beautiful kitchens, LVP flooring, granite countertops, stainless steel appliances, 2 bedroom, 2 baths with air-conditioning, washer/dryer hookup, balcony, and storage. The ground-level 4 unit retail/offices can be split from 2,000 sq-ft to 1,000 or even smaller to rent out, could be a hair salon, nails, chiropractic office, or accountant office, bring your dream and your ideas. The parking lot is also big enough to rent out to culinary food trailers/trucks. There is also an area on the south side of the parking lot that is approved for an 800sqft commercial building thats already plumbed for water and sewer. This is a "Gold Mine" of opportunity. Minutes from I-5, between Portland and Salem. Gervais is such a great community and has grown substantially in the last few years, having its own schools, Elementary up through High School. Seller is also willing to carry a contract on this for 20 years with a sizable down payment. The projected yearly gross income is over 300k. The estimated time of completion is July. Super easy access to I-5 in Woodburn, which is smack-dab in the middle between Portland and Salem. Don't let this phenomenal opportunity pass this up.
  1. Listed by Patrick Ledbetter • Premiere Property Group, LLC
  2. Listed by Greg Whistler • Premiere Property Group, LLC

Property Details for 600 4th Street

Parking Features
Assigned, Paved
Zoning
COM
View
City, Seasonal
Parking Total
27.00
LISTING UPDATED: 11/05/2025 08:02 AM

Property Details for 600 4th Street

StatusActive
MLS #594412183
Days on Market213
Taxes$521 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built2025
Lot Size0.46 AC / 20,037 SF
CountyMarion County

Location

Listing Courtesy of Premiere Property Group, LLC
Add your commute

Building Information for 600 4th Street

Stories3Residences8Year Built2025Building Size-Lot Size0.46 AC / 20,037 SF

Payment Calculator

$17,338 per month

30 year fixed, 6.28% Interest

Principal and Interest

$17,295

Property Taxes

$43

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 600 4th Street

Summary
Location and General Information
  • Country: US
  • Directions: 3rd or 4th right next to City Hall.
  • Road Surface: Paved
School Information
  • Elementary School: Gervais
  • High School: Gervais
  • Middle Or Junior School: Gervais
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $520.90
  • Parcel Number: 599287
  • Tax Legal Description: GERVAIS LOTS 6 & 7 BLK 35 ANNEXATION NO 86-463 ANNEXATION NO 92-6
Property
Lot Information
  • Acres: 0.46
  • Lot Description: Corner Lot, Level
  • Lot Size Square Feet: 20037.0
  • Lot Size Range: Sq Ft15000to19999
  • Lot Size: 15,000 to 19,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Under Construction
  • Year Built: 2025
Utilities
  • Cooling Description: Wall Unit
  • Fuel Description: Electricity
  • Heating Description: Wall Heater
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Maintenance Grounds
Interior and Exterior Features
Exterior Features
  • Exterior Description: Lap Siding
  • Roof Type: Composition
Interior Features
  • Basement: None
  • Foundation Details: Slab
  • Stories: 3
Amenities
Amenities Information
  • Internet Service Type: Cable, Fiber Optics
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
  • Gross Income Actual: $.00
  • Gross Income Projected: $330,000.00
  • Investor Information: According To Owner
  • Net Income Actual: $.00
  • Net Income Projected: 300000
  • Operating Expenses Projected: $30,000.00
  • Operating Expense: $.00
  • Storage: Attached, Individual Storage Units
  • Unit Type Type: Unit Type Type1
  • Common Amenities: All Landscaping
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Baths Decimal: 2.00
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Air Conditioning, Deck, Storage, Washer Dryer Hookup
  • Unit Type 1 Rent: $0
  • Unit Type 1 SqFt: 1000.0
  • Unit Type 1 Units Total: 8

Public Records for 600 4th Street

Taxable ValueLand-Additions-Total-
Tax Record2024$521 ($43 / month)
Home Facts
Total Finished SqFt1,300 SqFtAbove Grade Finished SqFt1,300 SqFtStories1Lot Size10,019 SqFtStyleCommercialYear Built1900ZoningCRCountyMARIONAPN052W26AC07900

Schools near 600 4th Street

This home is within Gervais School District 1.
Rating
School
Type
Grades
Distance
Brooks Elementary School
Public - K to 5
Gervais Middle School
Public - 6 to 8
Gervais High School
Public - 9 to 12
Samuel Brown Academy
Public - 6 to 12
Rating
School
Distance
Brooks Elementary School
PublicK to 5

Gervais Middle School
Public6 to 8

Gervais High School
Public9 to 12

Samuel Brown Academy
Public6 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 600 4th Street, Gervais, OR 97026

600 4th Street is a multi-family home for sale in Gervais, OR 97026. This property was listed for sale on May 27, 2025 by Premiere Property Group, LLC, it's currently listed at $3,500,000. This listing's school district is Gervais School District 1. Nearby schools include Brooks Elementary School, Gervais Middle School and Gervais High School. 600 4th Street is a 0-bed, 0-bath, multi-family home built in 2025.

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 Premiere Property Group, 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 © 2025 RMLS, Portland, Oregon. Last updated: 11/05/2025 08:02 AM