533 Washington Street

Port Orford, OR 97465

$475,000
Price
Beds
3,551 Sq. Ft.
$134 / Sq. Ft.
3,551
Sq. Ft.
$134
per Sq. Ft.

Description

Welcome to your exclusive investment opportunity in the heart of a charming coastal town on the picturesque Oregon coast! Nestled above Port Orford Harbor, this stunning triplex offers not just a home, but a lifestyle. Boasting a solid rental history, this triplex presents a rare opportunity for savvy investors. With three rental units, each offering comfortable living spaces and modern amenities, this property is perfectly positioned to generate consistent rental income. Whether it's long-term tenants...Welcome to your exclusive investment opportunity in the heart of a charming coastal town on the picturesque Oregon coast! Nestled above Port Orford Harbor, this stunning triplex offers not just a home, but a lifestyle. Boasting a solid rental history, this triplex presents a rare opportunity for savvy investors. With three rental units, each offering comfortable living spaces and modern amenities, this property is perfectly positioned to generate consistent rental income. Whether it's long-term tenants seeking the tranquility of coastal living or vacationers yearning for a memorable seaside escape, this triplex caters to a variety of rental needs. With four garages and three storage units, this property provides ample space for tenants or extra rental income. Plus, being centrally located in town means residents are just steps away from charming local shops, restaurants, and the Beach, enhancing the overall desirability of the property. This property offers not just a sound financial investment, but also a piece of the coveted coastal lifestyle. Whether you're looking to diversify your investment portfolio or capitalize on the booming demand for coastal properties, this triplex is your gateway to coastal living and investment success.
  1. Listed by Christine Speed • Neath The Wind Realty, Inc. • neaththewindrealty@gmail.com

Property Details for 533 Washington Street

Parking Features
Garage, Open
Zoning
4C
View
City, Mountain, Ocean
Garage Spaces
4.00
Parking Total
5.00

Location

Listing Courtesy of Neath The Wind Realty, Inc.
Add your commute
LISTING UPDATED: 05/02/2024 05:15 PM

Property Details for 533 Washington Street

StatusPending
MLS #24650541
Days on Market12
Taxes$2,464 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1941
Lot Size0.29 AC / 12,632 SF
CountyCurry County

Location

Listing Courtesy of Neath The Wind Realty, Inc.
Add your commute

Building Information for 533 Washington Street

Stories2Residences3Year Built1941Building Size-Lot Size0.29 AC / 12,632 SF

Payment Calculator

$2,798 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,592

Property Taxes

$205

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 533 Washington Street

Summary
Location and General Information
  • Country: US
  • Directions: West off Hwy 101 onto Harbor St (look for Port of Port Orford Sign) apt complex on R side of road
  • Road Surface: Paved
School Information
  • Elementary School: Driftwood
  • High School: Pacific
  • Middle Or Junior School: Driftwood
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $2,464.03
  • Parcel Number: R15911
  • Tax Legal Description: ACRES 0.29 TRS: 3315-05DA-06600
Property
Lot Information
  • Acres: 0.29
  • Lot Description: Gentle Sloping, Level, Ocean Beach One Quarter Mile Or Less
  • Lot Size Square Feet: 12632.0
  • Lot Size Dimension: 100x128
  • 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: Existing
  • Year Built: 1941
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity
  • Heating Description: Zoned
  • Hot Water Description: Electricity, Tank
  • Sewer Description: Public Sewer
  • Rent Includes: Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cedar, Cement Siding, Shake Siding
  • Roof Type: Metal
Interior Features
  • Basement: Crawl Space, Daylight, Storage Space
  • Foundation Details: Slab
  • Stories: 2
Amenities
Amenities Information
  • Internet Service Type: Cable, DSL
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
  • Gross Income Actual: $36,000.00
  • Gross Rent Multiplier: $13.19
  • Investor Information: According To Owner, Leases, Utility Records Available
  • Net Income Actual: $26,086.00
  • Operating Expense: $9,914.00
  • Security Features: Security Lights
  • Storage: Garage, Individual Storage Units
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3
  • Common Amenities: Front Yard Landscaping
  • SqFt Approximate Building Total: 3551
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Range, Refrigerator
  • Unit Type 1 Rent: $1,000
  • Unit Type 1 SqFt: 660.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 3
  • Unit Type 2 Features: Deck, Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 2 Rent: $1,050
  • Unit Type 2 SqFt: 1136.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Range, Refrigerator
  • Unit Type 3 Rent: $950
  • Unit Type 3 SqFt: 888.0
  • Unit Type 3 Units Total: 1

Property History for 533 Washington Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 533 Washington Street

Taxable ValueLand-Additions-Total-
Tax Record2023$2,464 ($205 / month)
Home Facts
Total Finished SqFt888 SqFtAbove Grade Finished SqFt888 SqFtLot Size12,632 SqFtStyleTriplexYear Built1941Year Renovated2005Zoning4CCountyCURRYAPN3315-05DA-06600

Schools near 533 Washington Street

This home is within Port Orford-Langlois School District 2cj.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Driftwood Elementary School
PublicK to 8

Pacific High School
Public9 to 12

Blanco School
PublicK to 8

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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Neath The Wind Realty, Inc.

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 © 2024 RMLS, Portland, Oregon. Last updated: 05/02/2024 05:15 PM