NOT LISTED FOR SALE

1080 5th St Unit 1102 Woodburn, OR 97071

Estimated Value: $655,063

8 Beds
4 Baths
3,328 Sq Ft
$197/Sq Ft Est. Value

Last Sold January 09, 2025

Last sale price $650,000 $195 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $4,060/month

162 Days on Market

Highlights

  • 0.39 Acre Lot
  • Forced Air Heating System
  • Wood Siding
  • No HOA
  • Level Lot
  • 1-Story Property

About This Home

As of January 2025

Income property with possible development potential. Two duplexes located on .37 acre level lot in Woodburn. Four units, each two-bedroom, one-bath single level with ample parking. All units rented; a couple with long term tenants with below market rents. Range, refrigerator included. Washer/dryer hookup in kitchen. Tenants pay all utilities except for garbage on two units. Rent and actual income based on 10% rent increase effective 9/1/24. Possible opportunity to build additional units. Preliminary conversation with City of Woodburn, along with approved land use on 3rd st (see attached) suggest possible development opportunity. Buyer to do all due diligence on development.

Last Listed By

Nanci Egan

John L. Scott License #200402434 Listed on: 06/04/2024

John L. Scott

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,906

Year Built

  • Built in 1965

Lot Details

  • 0.39 Acre Lot
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,328 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Parking

  • 6 Parking Spaces
  • Open Parking
  • Off-Street Parking

Schools

  • Nellie Muir Elementary School
  • French Prairie Middle School
  • Woodburn High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Rent includes trashcollection
  • Assessor Parcel Number 512863

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $10,000
  • Gross Income $51,150
  • Net Operating Income $41,150

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,906

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1965
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: None
  • Lot Size Range: SqFt15000to19999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 15,000 to 19,999 SqFt
  • Foundation Details: ConcretePerimeter, Other
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: OffStreet, Open
  • Attached Garage: No
  • Total Parking Spaces: 6.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Nellie Muir
  • High School: Woodburn
  • Middle Or Junior School: French Prairie

Lot Info

  • Zoning: RM
  • Lot Size Acres: 0.39
  • Lot Size Sq Ft: 16988.0
  • Parcel #: 512863

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None, TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 4906.02

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 13.68
  • Annual Gross Income: 51150.0
  • Property Net Operating Income: 41150.0
  • Annual Operating Expense: 10000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2024
Closed on
Dec 20, 2024
Sold by
Woodburn Real Properties Llc
Bought by
Lopez Jaime Grabiel Pere
Seller's Agent
Nanci Egan
John L. Scott
Buyer's Agent
OR and WA Non Rmls
Non Rmls Broker
List Price
$799,900
Sold Price
$650,000
Premium/Discount to List
-$149,900
-18.74%
Total Days on Market
162
Views
209
Current Estimated Value
$655,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,063
Avg. Annual Appreciation
2.71%
Original Mortgage
$487,500
Outstanding Balance
$487,085
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$167,978

Purchase Details

Closed on
Aug 7, 2009
Sold by
Tauman Charles and Tauman Nancy S
Bought by
Woodburn Real Properties Llc

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lopez Jaime Grabiel Pere $650,000 First American Title
Lopez Jaime Grabiel Pere $650,000 First American Title
Woodburn Real Properties Llc -- None Available
Tauman Nancy S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Jaime Grabiel Pere $487,500
Closed Lopez Jaime Grabiel Pere $487,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2025 01/09/25 Sold $650,000 -7.1% $195 / Sq Ft
11/14/2024 11/14/24 Pending -- -- --
10/22/2024 10/22/24 Price Changed $699,900 -12.5% $210 / Sq Ft
06/04/2024 06/04/24 For Sale $799,900 -- $240 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,937 $255,370 -- --
2023 $4,906 $247,940 $0 $0
2022 $4,647 $240,720 $0 $0
2021 $4,511 $233,710 $0 $0
2020 $4,377 $226,910 $0 $0
2019 $4,256 $220,310 $0 $0
2018 $4,166 $0 $0 $0
2017 $4,045 $0 $0 $0
2016 $3,925 $0 $0 $0
2015 $3,808 $0 $0 $0
2014 $3,441 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nanci Egan

    Seller's Agent in 2025

    Nanci Egan

    John L. Scott

    (503) 421-9099

    5 in this area

    47 Total Sales

    Nanci Egan
    Section Image

  • O

    Buyer's Agent in 2025

    OR and WA Non Rmls

    Non Rmls Broker

    (503) 236-7657

    278 in this area

    23,493 Total Sales

    OR and WA Non Rmls
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24626528

Regional Multiple Listing Service (RMLS)

APN: 512863

Oregon Marion County Woodburn 97071

1080 5th St Unit 1102, Woodburn, OR

Homes for Sale in Woodburn, OR

This home is located at 1080 5th St Unit 1102, Woodburn, OR 97071 since 04 June 2024 and is currently priced at $655,063, approximately $196 per square foot. This property was built in 1965. 1080 5th St Unit 1102 is a home located in Marion County with nearby schools including Nellie Muir Elementary School, Valor Middle School, and Woodburn Arthur Academy.

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