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541.292.4444
Rockwell Real Estate LLC
248 South Street 1 - 9 Unit 1 - 9, Butte Falls, OR 97522
- $550,000
- Sold Price
- $550,000
- List Price
- $619,000
- Status
- CLOSED
- Days on Market
- 42
- Closing Date
- Jun 25, 2026
- MLS#
- 220217327
- Subtype
- Commercial Sale
- Year Built
- 2000
- Lot Size
- 18,730
- Acres
- 0.43
Property Description
residential multifamily in Butte Falls: three two-story buildings, ±6,200 SF on 0.43 acres, built 2002. All nine units occupied; Unit C3 (2BR/1BA, 900 SF) has been fully refurbished with new flooring, windows, paint, and appliances. Price per unit: $68,778. Approximately 47-48% of gross income is HUD Section 8 HAP -- a reliable rental income floor. All units separately metered electric. Owner pays water/sewer, garbage, and common-area utilities. Central air, forced-air electric heat, vinyl double-pane windows, private storage shed per unit, 18 parking spaces. Pro Forma Stabilized NOI ≈ $44,300 at current rent roll (7.16% cap at $619K); ≈ $55,600 with Unit C3 now leased (≈8.99% cap). Value-add upside on B1 and B2 at next turnover. Seller has secured updated insurance quotes from a carrier willing to underwrite at reasonable rates -- available on request. Butte Falls is ~30 miles from Medford; local property management options available.
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Additional Information
- Taxes
- $8,574
- Zoning
- R
- Flooring
- Carpet, Vinyl
- Heating
- Electric, Forced Air
- Air Conditioning
- Central Air
- Stories
- Two
- Levels
- Two
- Roof
- Composition
- Foundation
- Pillar/Post/Pier, Stemwall
- Parking Features
- No Garage, Shared Driveway
Courtesy of Coldwell Banker Commercial Professional Group Selling Office: .
The data relating to real estate for sale on this web site comes in part from the Internet Data Display (IDX) of the Southern Oregon Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information subject to change and should be independently verified. Last updated: