Active

Multifamily

172 S Old Pacific

Myrtle Creek, OR 97457

Square Ft.

336

$550,000

Prime mixed-use income property with highway frontage and multiple revenue streams on 2.52 acres! Most of the property is zoned C2 with a small R2 portion offering a wide range of potential uses and income opportunities. This Multi-Family listing highlights the residential income components: a 336 sq ft studio cabin… Read MoreRead Less

Listing courtesy of Stellar Realty Northwest.

Listing Snapshot

Days Online

164

Last Updated

Mar 2, 2026

Square Ft.

336

Lot Size

2.52 Acres

Year Built

1954

MLS Number

697706513

30 Days Snapshot Of 97457

$349k

+32%

(avg) sold price

6

+20%

homes sold

111

-18%

(avg) days on market

Snapshot

Area Map

Source: Home Junction

Additional Details

Property Access

Road Surface Type: Gravel

Basement

Basement: None

Building

Building Area Total: 336, Built in 1954, Stories: 1, Unit Type Type: UnitTypeType1, UnitTypeType2

Cooling

Cooling: WallUnit

Disclosures

Disclosures: Disclosure

Expenses

Operating Expense Scheduled: 132300, Operating Expense: $132,300

Exterior Features

Exterior Description: WoodSiding

Foundation

Foundation Details: Slab

Heating

Heating: WallHeater

Income

CAP Rate: 13.91, Gross Income: $208,800, Gross Rent Multiplier: 2.63, Gross Scheduled Income: $208,800, Net Operating Income: $76,500, Net Scheduled Income: 76500

Lot

Features: Level, Size Acres: 2.52, Size Range: Acres1to3, Size Square Feet: 109,771, Size: 1 to 2.99 Acres

Parking

Features: Driveway, OffStreet

Property

Number Of Units Total: 5, Property Condition: Approximately, Zoning: C2 & R2

Roof

Roof: Composition

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $2,331, Legal Description, Other Annual Assessment Amount: $78, Tax Year: 2025

Unit One

Actual Rent: $800, Area: 336, Features: Range, Refrigerator, Units Total: 1, 1 total bathroom

Unit Two

Actual Rent: $400, Units Total: 4

Utilities

Fuel Description: Electricity, Gas, Hot Water Description: Gas, Water Source: PublicWater

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Tri City Elementary School 541-863-6887 Public PK-5

Coffenberry Middle School 541-863-3104 Public 6-8

South Umpqua High School 541-863-3118 Public 9-12

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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 Mar 2, 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 Mar 2, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

172 S Old Pacific

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