716 Pioneer Road

Brookings, OR 97415

$995,000
Price
Beds
Baths
5,696 Sq. Ft.
$175 / Sq. Ft.
5,696
Sq. Ft.
$175
per Sq. Ft.

Description

Opportunity is knocking! With six residential units, this multifamily complex is a unique and rare investment opportunity. Each unit features two bedrooms, 1.5 or 2 bathrooms, private backyard area, & a garage for additional storage . These units currently generate a stable income stream, with a gross monthly rental income of $5,175. There is also upside potential, presenting an opportunity for an investor to grow revenue as the final unit is leased & adjusting rents to market levels. In addition...Opportunity is knocking! With six residential units, this multifamily complex is a unique and rare investment opportunity. Each unit features two bedrooms, 1.5 or 2 bathrooms, private backyard area, & a garage for additional storage . These units currently generate a stable income stream, with a gross monthly rental income of $5,175. There is also upside potential, presenting an opportunity for an investor to grow revenue as the final unit is leased & adjusting rents to market levels. In addition to the strong income, the property has already undergone substantial improvements, with over $130,000 invested over the past year & a half. With a stable income, recent improvements, & the potential for additional rent, this property represents a solid & rare investment opportunity. Furthermore, the growing demand for rental units in the area adds to the long-term potential, making it an attractive option for investors looking for both stability & growth.
  1. Listed by Chris Martin • Land Leader
  2. Listed by Ashley Lacer • Land Leader

Property Details for 716 Pioneer Road

Parking Features
Garage
Zoning
R-2
View
Territorial
Garage Spaces
7.00
Parking Total
6.00
LISTING UPDATED: 02/14/2025 01:33 PM

Property Details for 716 Pioneer Road

StatusActive
MLS #24205581
Days on Market82
Taxes$7,046 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1991
Lot Size0.62 AC / 27,007 SF
CountyCurry County

Building Information for 716 Pioneer Road

Stories2Residences6Year Built1991Building Size-Lot Size0.62 AC / 27,007 SF

Property Information for 716 Pioneer Road

Summary
Location and General Information
  • Country: US
  • Directions: Call Listing Agent
  • Road Surface: Paved
School Information
  • Elementary School: Kalmiopsis
  • High School: Brookings-Harbr
  • Middle Or Junior School: Azalea
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $7,046.07
  • Parcel Number: R21617
  • Tax Legal Description: ACRES 0.62
Property
Lot Information
  • Acres: 0.62
  • Lot Description: Level
  • Lot Size Square Feet: 27007.0
  • Lot Size Range: Sq Ft20000to Acres1
  • Lot Size: 20,000 Sq Ft to .99 Acres
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Approximately
  • Year Built: 1991
Utilities
  • Cooling Description: None
  • Fuel Description: Electricity
  • Heating Description: Wall Furnace
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Lap Siding
  • Roof Type: Composition
Interior Features
  • Basement: None
  • Foundation Details: Concrete Perimeter
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
  • Gross Income Actual: $78,300.00
  • Gross Income Projected: $82,020.00
  • Gross Rent Multiplier: $12.71
  • Investor Information: Leases, Maintenance Records Available, Rent Records
  • Net Income Actual: $47,164.00
  • Operating Expense: $31,136.00
  • Storage: Garage
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5, Unit Type Type6
  • SqFt Approximate Building Total: 5696
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Baths Decimal: 2.00
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 1 Rent: $0
  • Unit Type 1 SqFt: 949.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Baths Decimal: 2.00
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 2 Rent: $0
  • Unit Type 2 SqFt: 949.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 2
  • Unit Type 3 Baths Decimal: 2.00
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 3 Rent: $0
  • Unit Type 3 SqFt: 949.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 2
  • Unit Type 4 Baths Decimal: 2.00
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 4 Rent: $0
  • Unit Type 4 SqFt: 949
  • Unit Type 4 UnitsTotal: 1
Unit 5 Information
  • Unit Type 5 Baths Total: 2
  • Unit Type 5 Baths Decimal: 1.10
  • Unit Type 5 Beds Total: 2
  • Unit Type 5 Features: Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 5 Rent: $0
  • Unit Type 5 SqFt: 950.0
  • Unit Type 5 Units Total: 1
Unit 6 Information
  • Unit Type 6 Baths Total: 2
  • Unit Type 6 Baths Decimal: 1.10
  • Unit Type 6 Beds Total: 2
  • Unit Type 6 Features: Range, Refrigerator, Washer Dryer Hookup
  • Unit Type 6 Rent: $0
  • Unit Type 6 SqFt: 950.0
  • Unit Type 6 Units Total: 1

Public Records for 716 Pioneer Road

Taxable ValueLand-Additions-Total-
Tax Record2023$6,841 ($570 / month)
Home Facts
Total Finished SqFt949 SqFtAbove Grade Finished SqFt949 SqFtLot Size27,007 SqFtStyleMulti-Family Dwelling (2-4)Year Built1991ZoningR2CountyCURRYAPN4113-05BB-03300

Schools near 716 Pioneer Road

This home is within Brookings-Harbor School District 17c.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 1 to 6
Rating
School
Distance
Kalmiopsis Elementary School
PublicK to 5

Azalea Middle School
Public6 to 8

Brookings-Harbor High School
Public9 to 12

Upper Chetco Charter School
Charter1 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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716 Pioneer Road is a multi-family home for sale in Brookings, OR 97415. This property was listed for sale on December 13, 2024 by Land Leader, it's currently listed at $995,000. This listing's school district is Brookings-Harbor School District 17c. Nearby schools include Kalmiopsis Elementary School, Azalea Middle School and Brookings-Harbor High School. 716 Pioneer Road is a 0-bed, 0-bath, 5,696 sqft multi-family home built in 1991.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Land Leader

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