1514 E 14th St, The Dalles, OR 97058
Local realty services provided by:Knipe Realty ERA Powered
1514 E 14th St,Thedalles, OR 97058
$399,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: molly whiteman, alondra alcantar
Office: cascade hasson sotheby's international realty
MLS#:509463847
Source:PORTLAND
Price summary
- Price:$399,000
About this home
Classic 1925 bungalow charm meets dependable income potential in this thoughtfully maintained duplex in The Dalles. Currently configured as two units, the upper level offers a 1-bedroom plus an office or small bedroom, 1-bath residence, while the lower level provides a comfortable 1-bedroom, 1-bath unit with separate living quarters in a finished basement space. Whether you continue operating as a duplex or explore conversion to a single-family home with an attached ADU, the flexibility here is exceptional.Situated on a 5,000–6,999 sq ft lot in the Dry Hollow neighborhood, the property features territorial views, terraced landscaping, mature trees, and a charming pond that creates a peaceful outdoor setting. Driveway and on-street parking add convenience, while public water and sewer simplify ownership.Key system updates include a newer composition roof (approximately five years old) and an efficient heat pump providing both heating and cooling . The home is in solid, good condition — well cared for and functional — offering opportunity for cosmetic refinement over time without immediate major capital improvements.Financially, this is a compelling small multifamily asset. The property generates $36,000 annually in gross income with a reported net operating income of $27,220 and a 6.82% cap rate at the current price Tenants are month-to-month, allowing immediate income with flexibility for repositioning, owner occupancy, or rent optimization.Properties of this scale remain highly desirable for investors seeking manageable, two-stream income, as well as buyers looking to offset a mortgage with rental revenue. Character, versatility, and solid numbers combine here to create a property that feels approachable yet strategic — a rare balance in today’s market.
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Home facts
- Year built:1925
- Listing ID #:509463847
- Added:2 day(s) ago
- Updated:February 21, 2026 at 12:27 PM
Heating and cooling
- Cooling:Heat Pump
- Heating:Heat Pump
Structure and exterior
- Roof:Composition
- Year built:1925
- Lot area:0.12 Acres
Schools
- High school:The Dalles
- Middle school:The Dalles
- Elementary school:Dry Hollow
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$399,000
- Tax amount:$2,157 (2025)
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