118 Engle Ave, Molalla, OR 97038

Local realty services provided by:Knipe Realty ERA Powered
118 Engle Ave,Molalla, OR 97038
$425,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: nick shivers, marcus winklepleck
Office: keller williams pdx central
MLS#:576668239
Source:PORTLAND

Price summary

  • Price:$425,000

About this home

*The Commercial unit rent increase to $1,400 coming Jan. 1, 2026! Versatile Investment Property with Two Apartments, 1 commercial unit In A Prime Location! Incredible investment opportunity in a buzzing commercial corridor! This unique property offers the best of both worlds. There's a spacious commercial unit currently with two 26’x16’ salon-style suites, each equipped with a closet and private bathroom, plus an additional private office space. This commercial section features a separate entrance to maintain business privacy and flow. Additionally, there are two charming 1-bedroom apartments with their own private entrances, perfect for owner-occupancy or tenant rental. The residential units include living room/kitchens, a cozy bedroom, and a bathroom with a walk-in shower making this an ideal setup for live/work flexibility or added passive income. Strategically located in a high-traffic area, close to public transportation, and surrounded by thriving local businesses, it's the

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Home facts

  • Year built:1978
  • Listing ID #:576668239
  • Added:92 day(s) ago
  • Updated:November 16, 2025 at 10:18 PM

Heating and cooling

  • Cooling:Wall Unit
  • Heating:Zoned

Structure and exterior

  • Roof:Composition
  • Year built:1978
  • Lot area:0.14 Acres

Schools

  • High school:Molalla
  • Middle school:Molalla River
  • Elementary school:Molalla

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$425,000
  • Tax amount:$3,563 (2024)
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Knipe Realty ERA Powered are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2025 RMLS, Portland, Oregon. Last updated: November 16, 2025

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