407 NE WAITE ST

Myrtle Creek, OR 97457

$339,000

Opportunity Awaits!Don't miss this exceptional chance to own a well-maintained turnkey triplex (3 units) in a desirable corner-lot location. Nestled in a scenic part of town and conveniently near schools, shopping, and local transit, this property is perfect for both investors and owner-occupants.Each of the three true one-bedroom units features… Read MoreRead Less

Listing courtesy of Trueblood Real Estate.

Listing Snapshot

Days Online

207

Last Updated

Apr 19, 2026

Lot Size

0.11 Acres

Year Built

1954

MLS Number

531035518

30 Days Snapshot Of 97457

$215k

-34%

(avg) sold price

-77%

homes sold

-81%

(avg) days on market

Snapshot

Area Map

Source: Home Junction

Additional Details

Property Access

Road Surface Type: Dirt, Paved

Basement

Basement: CrawlSpace

Building

Built in 1954, Storage: None, Stories: 1, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3

Cooling

Cooling: WindowUnit

Expenses

Operating Expense: $3,600

Exterior Features

Exterior Description: T111Siding

Foundation

Foundation Details: StemWall

Heating

Heating: Zoned

Income

CAP Rate: 7.66, Gross Income: $28,644, Gross Rent Multiplier: 11.83, Net Operating Income: $25,968

Lot

Features: CornerLot, Level, Size Acres: 0.11, Size Range: SqFt3000to4999, Size Square Feet: 4,791, Size: 3,000 to 4,999 SqFt

Miscellaneous

Investor Information: AccordingToOwner, RentRecords

Parking

Features: OnStreet, 1 total parking spot

Property

Number Of Units Total: 6, Property Condition: Approximately, Zoning: R-3

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $1,486, Legal Description, Tax Year: 2025

Unit One

Actual Rent: $850, Area: 480, Features: Range, Refrigerator, WasherDryerHookup, Units Total: 1, 1 total bathroom, 1 total bedroom

Unit Two

Actual Rent: $752, Area: 480, Features: Range, Refrigerator, WasherDryerHookup, Units Total: 2, 1 total bathroom, 1 total bedroom

Unit Three

Actual Rent: $850, Area: 480, Features: Range, Refrigerator, WasherDryerHookup, Units Total: 3, 1 total bathroom, 1 total bedroom

Utilities

Fuel Description: Electricity, Hot Water Description: Electricity, Tank, Internet Service Type: Cable, DSL, Water Source: PublicWater

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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 Oregon Life Homes are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on Apr 19, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on Apr 19, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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407 NE WAITE ST

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