$1,245,000
529 Railroad Street
Brookings, OR 97415 · N/A
- Baths
- 0
- Acres
- 0.29
- Built
- 1973
About this property
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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Price history
Cut $155K| Date | Event | Price |
|---|---|---|
| Oct 13, 2026 | Price cut−$155,000 (11.1%) | $1,245,000 |
| Oct 22, 2026 | Listed for sale | $1,400,000 |
From the MLS: original list price and latest price change. 1 days on market.
Drive times
~309 min to downtown Bend- Mt. Bachelor~284 min · 242.8 mi
- Sunriver Village~291 min · 248.6 mi
- Old Mill District~308 min · 264.5 mi
- Downtown Bend~309 min · 265.2 mi
- St. Charles Bend~313 min · 268.3 mi
- Sisters~314 min · 269.2 mi
- Redmond Airport (RDM)~332 min · 285 mi
- Smith Rock State Park~340 min · 292.4 mi
Approx. Straight-line distance × 1.3 for roads, at in-town and highway speeds. No traffic, snow, or Hwy 97 construction. Ask Cody about real commute times.
Facts & features
Built 1973- Type
- Multi Family
- Year built
- 1973
- Stories
- 2
- Lot
- 0.29 AC · 12,632 SF
- HOA
- None reported
- Taxes
- $3,939/yr
- Subdivision
- N/A
- County
- Curry
- Days on market
- 1
- MLS #
- 220225188
- Interior
- Ceiling Fan(s) · Laminate Counters · Linen Closet · Open Floorplan · Shower/Tub Combo
- Appliances
- Disposal · Microwave · Oven · Range · Refrigerator · Range Hood · Water Heater
- Flooring
- Carpet · Laminate · Other
- Heating
- Baseboard · Electric
- Cooling
- Other
- Parking
- Asphalt · Detached Carport · Driveway · Gravel · No Garage · On Street · Parking Lot
- View
- Mountain(s) · Neighborhood
- Lot
- Corner Lot · Level
- Construction
- Frame
- Roof
- Composition · Membrane
Location & schools
N/A42.0509° N · 124.2799° W
Directions- Elementary
- Kalmiopsis Elem
- Middle
- Azalea Middle
- High
- Brookings-Harbor High
Assignments come from the listing broker and boundaries change. Verify with the school district before you count on them.
Monthly payment
$7,091/mo$7,091/mo
$996,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $6,295
- Property tax (listing)
- $328
- Home insurance (est.)
- $467
Loan term
Estimate only. Taxes use the listing's reported amount when there is one; insurance is approximated. A lender can give you an exact number.
MLS# 220225188 · Active
Listing information provided by Oregon Data Share. Data last updated Oct 23, 2026, 5:00 PM.
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