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1221 Lewis St

The Dalles, OR 97058
  • $875,000
  • STATUS: Active
  • ON SITE: 57 Days
  • MLS #: 423369335
UPDATED: 74 min ago
$875,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,336
    SQFT
  • $262
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1982
County:

School Information

Elementary School:
Middle School:
High School:

Description

This well-maintained 4-plex offers an exceptional investment opportunity with the potential for rental income growth. Current Cap Rate: 5.97%. In August 2025, CAP rate will be 6.25% Each unit is thoughtfully equipped with a refrigerator, dishwasher, range, washer/dryer, window coverings, and private storage units, ensuring convenience and comfort for tenants. The property boasts low maintenance with an underground sprinkler system and has been upgraded with attic and floor insulation, as well as sealed ducts for energy efficiency. Forced air heat pumps provide both heating and cooling for each unit. Additionally, the property includes a paved off-street parking lot with space for 6-8 vehicles. With a strong rental history, including long-term tenants, this property is a turn-key investment opportunity. Utilities are separately metered, with tenants responsible for their own utility costs. Don't miss out on this prime investment!

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Listing content is copyright © 2025 RMLS™, Portland, Oregon. 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 Coho Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2025-04-19T22:48:14.937.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively 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 provided is deemed reliable but is not guaranteed accurate by RMLS™ or Coho Realty and should be independently verified.
www.coho.realty/homes/160695987
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1221 Lewis St The Dalles, OR 97058

  • Price: $875,000
  • Status: Active
  • On Site: 57 Days
  • Updated: 74 min ago
  • MLS #: 423369335
0
Beds
0
Baths
0
½ Baths
0.27
Acres
3,336
SQFT
$262
$/SQFT
1982
Built
Neighborhood:
351-Wasco Co:The Dalles
County:
Wasco
Area:
351-Wasco Co:The Dalles
Elementary School:
Dry Hollow
Middle School:
The Dalles
High School:
The Dalles
Property Description
This well-maintained 4-plex offers an exceptional investment opportunity with the potential for rental income growth. Current Cap Rate: 5.97%. In August 2025, CAP rate will be 6.25% Each unit is thoughtfully equipped with a refrigerator, dishwasher, range, washer/dryer, window coverings, and private storage units, ensuring convenience and comfort for tenants. The property boasts low maintenance with an underground sprinkler system and has been upgraded with attic and floor insulation, as well as sealed ducts for energy efficiency. Forced air heat pumps provide both heating and cooling for each unit. Additionally, the property includes a paved off-street parking lot with space for 6-8 vehicles. With a strong rental history, including long-term tenants, this property is a turn-key investment opportunity. Utilities are separately metered, with tenants responsible for their own utility costs. Don't miss out on this prime investment!
Exterior Features

Attached Garage YN No Exterior Description Wood Siding Foundation Details Concrete Perimeter Lot Features Corner Lot Level Trees Parking Features Off Street Open Parking Total 6 Road Surface Type Paved Roof Composition View Description Territorial View YN Yes

Interior Features

Basement Crawl Space Cooling Heat Pump Cooling YN Yes Heating Heat Pump Heating YN Yes

Property Features

Association YN No Bank Owned YN No Fuel Description Electricity Green Certification YN No Gross Income 61800 Hot Water Description Electricity IDXAddress Display YN Yes Internet Service Type Cable Satellite Listing Terms Cash Conventional Net Operating Income 52229 Operating Expense 9571 Property Attached YN No Property Condition Existing Rent Includes Maintenance Grounds Trash Collection Sewer Public Sewer Short Sale YN No Storage Individual Storage Units Locked Tax Annual Amount 5828.91 Tax Year 2024 Water Source Public Water Zoning RH

Listing provided courtesy of Northwest Realty Source: info@nwrealtysource.com.


Listing content is copyright © 2025 RMLS™, Portland, Oregon. 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 Coho Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2025-04-19T22:48:14.937.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively 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 provided is deemed reliable but is not guaranteed accurate by RMLS™ or Coho Realty and should be independently verified.
 
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Coho Realty
500 Liberty St SE, Suite 410
Salem OR, 97301