Sold
Last Sold Price
$1,800,000

8625 Grand Ronde Rd, Grand Ronde, OR 97347

Description

Unlimited Potential for a Motivated Buyer. The Property consists of 42 single family units ranging in size from 1 to 4 bedrms, 7 shop buildings, an office & 2 apartments. The sewer, water mains & infracture are part of properties. Overall condition varies from good to poor with updating in progess. 93% occupancy. Do not disturb tenants. Interior of homes to be viewed with accepted offer.Unlimited Potential for a Motivated Buyer. The Property consists of 42 single family units ranging in size from 1 to 4 bedrms, 7 shop buildings, an office & 2 apartments. The sewer, water mains & infracture are part of properties. Overall condition varies from good to poor with updating in progess. 93% occupancy. Do not disturb tenants. Interior of homes to be viewed with accepted offer.
1940Year Built
2 carsParking Spaces
Listing closed: 01/15/2016 12:00 AM
Source: RMLS, MLS#: 15553486
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Recent comparable sales

Median sold price

$279,500

Avg days on market

195

Sale-to-list ratio

91.7%

Grand Ronde, OR

9 comparable properties found

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$550,000 | 8373 Buffalo Lane, Grand Ronde, OR 97347
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Sold 02/28/25

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Location

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$10,269 per month

Principal and Interest

$9,609

Property Taxes

$659

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Property information

8625 Grand Ronde Road

Property Details

Building Information

  • Stories: 1
  • Residences: 43
  • Year Built: 1940

Summary

Location and General Information

  • Area: Polk Co: Except Salem
  • Country: US
  • Directions: Hwy 18, Grand Ronde Rd., First Left on South St.
  • Subdivision: Bunnsville

Parking

  • Garage Or Parking Spaces: 2
  • Parking Description: Open

Taxes and HOA Information

  • FIRPTA Y/N: No

Virtual Tour

  • Video Virtual Tour 1 Y/N: No

Property

Lot Information

  • Lot Description: Level
  • Zoning: Multifa

Property and Assessments

  • Water Description: Community

Utilities

  • Fuel Description: Electricity
  • Heating Description: Other
  • Hot Water Description: Electricity
  • Sewer Description: Community, Septic Tank

Interior and Exterior Features

Exterior Features

  • Exterior Description: Lap Siding
  • Roof Type: Composition

Interior Features

  • Basement Foundation: Crawl Space
  • View Y/N: Yes
  • View: Territorial, Creek/Stream

Multi Family

Multi-Family Information

  • Gross Income Actual: $292,400
  • Gross Rent Multiplier: 6
  • Net Income Actual: $76,976
  • Occupancy Types: Leased, Month to Month
  • Operating Expenses Actual: $215,824
  • SqFt Approximate Building Total: 1000
  • Storage: Individual Storage Units
  • Unit Features: Range, Refrigerator, Unfurnished
  • Unit Type Type: 1, 2, 3, 4

Unit 1

  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Range, Refrigerator, Unfurnished
  • Unit Type 1 Rent: $525
  • Unit Type 1 SqFt: 800.0
  • Unit Type 1 Units Total: 9

Unit 2

  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Range, Refrigerator, Unfurnished
  • Unit Type 2 Rent: $650
  • Unit Type 2 SqFt: 1000.0
  • Unit Type 2 Units Total: 18

Unit 3

  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 3
  • Unit Type 3 Rent: $700
  • Unit Type 3 Units Total: 10

Unit 4

  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Beds Total: 4
  • Unit Type 4 Features: Range, Refrigerator, Unfurnished
  • Unit Type 4 Rent: $750
  • Unit Type 4 SqFt: 1000
  • Unit Type 4 UnitsTotal: 3

Schools

Near 8625 Grand Ronde Road

This home is within Willamina School District 30j.

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 Berkshire Hathaway HomeServices NW 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: 05/11/2016 02:32 PM