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Brett Fischer

brett@fischeroregonrealty.com +1(503) 758-8848

Listed by Cascade Hasson Sotheby's International Realty • 503-701-5022

$ 390,000

Est. payment | -/mo

5,227 Sqft Lot

Save

$ 390,000

Est. payment | -/mo

Save

5,227 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 509463847

HOA Y/N No

Year Built 1925

Annual Tax Amount $2,157

Tax Year 2025

Lot Size 5,227 Sqft

Property Description

Classic 1925 bungalow charm meets dependable income potential in this thoughtfully maintained duplex in The Dalles. Currently configured as two units, the upper level offers a 1-bedroom plus an office or small bedroom, 1-bath residence, while the lower level provides a comfortable 1-bedroom, 1-bath unit with separate living quarters in a finished basement space. Whether you continue operating as a duplex or explore conversion to a single-family home with an attached ADU, the flexibility here is exceptional.Situated on a 5,000–6,999 sq ft lot in the Dry Hollow neighborhood, the property features territorial views, terraced landscaping, mature trees, and a charming pond that creates a peaceful outdoor setting. Driveway and on-street parking add convenience, while public water and sewer simplify ownership.Key system updates include a newer composition roof (approximately five years old) and an efficient heat pump providing both heating and cooling . The home is in solid, good condition — well cared for and functional — offering opportunity for cosmetic refinement over time without immediate major capital improvements.Financially, this is a compelling small multifamily asset. The property generates $36,000 annually in gross income with a reported net operating income of $27,220 and a 6.82% cap rate at the current price Tenants are month-to-month, allowing immediate income with flexibility for repositioning, owner occupancy, or rent optimization.Properties of this scale remain highly desirable for investors seeking manageable, two-stream income, as well as buyers looking to offset a mortgage with rental revenue. Character, versatility, and solid numbers combine here to create a property that feels approachable yet strategic — a rare balance in today's market.

Location

State OR

County Wasco

Community Alllandscaping, Centralair

Area _351

Zoning R1

Rooms

Basement Finished, Full Basement, Separate Living Quarters Apartment Aux Living Unit

Interior

Heating Heat Pump

Cooling Heat Pump

Exterior

Community Features AllLandscaping, CentralAir

View Territorial

Roof Type Composition

Garage No

Building

Lot Description Level, Pond, Terraced, Trees

Story 2

Foundation Concrete Perimeter, Slab

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Dry Hollow

Middle Schools The Dalles

High Schools The Dalles

Others

Acceptable Financing Cash, Conventional, VALoan

Listing Terms Cash, Conventional, VALoan

Regional Multiple Listing Service (RMLS)

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 758-8848

brett@fischeroregonrealty.com

2175 NW Raleigh St Ste 110, Portland, Oregon, 97210, USA

1514 E 14TH ST The Dalles, OR 97058