$930,000
PENDING

885 Sommerville Loop Harrisburg, OR 97446

Estimated payment $6,545/month

Total Views 938
-- Bed
-- Bath
34,486 Sq Ft
$27 Price per Sq Ft

Highlights

  • Territorial View
  • Laundry Facilities
  • Lap Siding
  • Outdoor Storage
  • Level Lot
  • No Heating

About This Home

**LIHTC-Section 42-Affordability Restrictions run through 2058** 28 units built in 1998. Townhouse style layouts. 14 separate buildings on 2.77 acres. 12%+ cap rate on stabilized operations. Offers due by 4pm on December 9, 2024.

Listing Agent

Kristena Cox-Schmick

Windermere RE Lane County Brokerage Phone: 541-501-3399 License #990100214

Windermere RE Lane County

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,245

Year Built

  • Built in 1998

Lot Details

  • 2.77 Acre Lot
  • Level Lot

Home Design

  • Slab Foundation
  • Composition Roof
  • Lap Siding
  • Cement Siding

Interior Spaces

  • 34,486 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Parking

  • 43 Parking Spaces
  • Covered Parking

Outdoor Features

  • Outdoor Storage

Schools

  • Harrisburg Elementary And Middle School
  • Harrisburg High School

Utilities

  • No Cooling
  • No Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0848493

Community Details

Building Details

  • Operating Expense $162,688
  • Gross Income $232,734
  • Net Operating Income $70,106

Additional Features

  • 28 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,245

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Standard Status: Pending
  • MLS Status: Pending
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1998
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: Deck
  • Lot Size Range: Acres1to3

Exterior Features

  • Exterior Description: CementSiding,LapSiding
  • Lot Size: 1 to 2.99 Acres
  • Foundation Details: Slab
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition
  • View: Territorial

Garage/Parking

  • Parking Description: Covered
  • Attached Garage: No
  • Total Parking Spaces: 43.0

Utilities

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

Condo/Co-op/Association

  • Community Features: AllLandscaping, Laundry

Schools

  • Elementary School: Harrisburg
  • High School: Harrisburg
  • Middle Or Junior School: Harrisburg

Lot Info

  • Zoning: R-2
  • Lot Size Acres: 2.77
  • Lot Size Sq Ft: 120661.0
  • Parcel #: 0848493

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 16245.0

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 28
  • Gross Rent Multiplier: 4.0
  • Annual Gross Income: 232734.0
  • Property Net Operating Income: 70106.0
  • Annual Operating Expense: 162688.0

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2024 12/12/24 Pending -- -- --
11/26/2024 11/26/24 For Sale $930,000 -- $27 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24479452

Regional Multiple Listing Service (RMLS)

Oregon Linn County Harrisburg 97446

885 Sommerville Loop, Harrisburg, OR

Homes for Sale in Harrisburg, OR

This home is located at 885 Sommerville Loop, Harrisburg, OR 97446 and is currently priced at $930,000, approximately $26 per square foot. This property was built in 1998. 885 Sommerville Loop is a home located in Linn County with nearby schools including Harrisburg Elementary School, Harrisburg Middle School, and Harrisburg High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) 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 Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing Agent
Kristena Cox-Schmick
Section Image
Windermere RE Lane County
(458) 237-4553