529 Railroad Street, Brookings, OR 97415

Brookings
Local realty services provided by:Duke Warner Realty ERA Powered
529 Railroad Street,Brookings, OR 97415
$1,245,000
  • - Beds
  • - Baths
  • 6,912 sq. ft.
  • Multi-family
  • Active
Listed by: alex m aaronson
Office: john l. scott medford
MLS#:220225188
Source:OR_SOMLS

Price summary

  • Price:$1,245,000
  • Price per sq. ft.:$180.12

About this home

Attention investors! Housing shortage! Highly profitable, centrally located 8-plex close to the coast & walking distance to the iconic Chetco Point! At list price, this turn-key asset operates at a strong 8%+ CAP Rate (includes projected rent from owners unit). Seven of the units offer spacious 2 bed, 1 bath open floorplans and one of the units is a 1 bed, 1 bath. Coin operated laundry room generates consistent ancillary income. Rents are currently $1325, $1320, $1418, $1450, $1450, $1295, $825.50, & owners remodeled premium unit (beautifully updated in 2022-2023) is expected to rent at $1500 per month. Owner pays for sewer, water, & trash. Each unit has its own power meter (tenants pay for their own electricity) & detached carport includes 1 dedicated covered parking space to each tenant. Owner spared no expense after purchasing this property by painting the exterior, remodeling multiple units, & much more!

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Home facts

  • Year built:1973
  • Subdivision & Development:N/A
  • Listing ID #:220225188
  • Added:105 day(s) ago
  • Updated:October 27, 2026 at 04:16 PM

Rooms and interior

  • Flooring:Carpet, Laminate
  • Bathrooms Description:Shower/Tub Combo
  • Kitchen Description:Microwave, Oven, Range, Range Hood, Refrigerator
  • Living area:6,912 sq. ft.

Heating and cooling

  • Heating:Baseboard, Electric

Structure and exterior

  • Roof:Composition, Membrane
  • Year built:1973
  • Building area:6,912 sq. ft.
  • Lot area:0.29 Acres
  • Lot Features:Corner Lot, Level
  • Architectural Style:Contemporary
  • Construction Materials:Frame
  • Foundation Description:Slab
  • Levels:2 Story

Schools

  • High school:Brookings-Harbor High
  • Middle school:Azalea Middle
  • Elementary school:Kalmiopsis Elem

Utilities

  • Water:Private, Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,245,000
  • Price per sq. ft.:$180.12
  • Tax amount:$3,939 (2025)

Features and amenities

  • Appliances:Microwave, Oven, Range, Range Hood, Refrigerator, Water Heater

Parking

  • Parking description:Asphalt, Detached Carport, Driveway, Gravel, On Street, Parking Lot

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