Description
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 spacious 2-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 featuring brand-new carpet. 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.
Details
| MLS # | 723056012 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 258 |
| Listing Provided By | Cascade Hasson Sotheby's International Realty | Molly Whiteman |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,180 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | R1 |
| Acreage | 0.12 |
| Property View | Territorial |
Interior
| Heating | Heat Pump |
|---|---|
| Heating Yn | Yes |
| Cooling | Heat Pump |
| Cooling Yn | Yes |
| Appliances | Dishwasher, Free Standing Range, Free Standing Refrigerator |
Exterior
| Exterior Features | Fenced, Yard |
|---|---|
| Roof | Composition |
| Security Features | None |
| Foundation Details | Concrete Perimeter, Slab |
| Lot Features | Level, Pond, Terraced, Trees |
Parking
| Attached Garage Yn | No |
|---|---|
| Parking Features | Driveway, On Street |
Taxes
| Property | 2157 |
|---|
Area Information
| State | OR |
|---|---|
| County | Wasco |
| City | TheDalles |
| Zip Code | 97058 |
| School District | The Dalles |
| Elementary School | Dry Hollow |
| High School | The Dalles |
| Listing VS Median (in 97058) | |
Price: $350,000 low | high Med: $450,000 sqft: 1,180 low | high Med: 1,060 $ / sqft: $297 low | high Med: $473 On site: 258 low | high Med: 117 | |
Market Activity 97058
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Learn More About This Property
| State | OR |
|---|---|
| County | Wasco |
| City | TheDalles |
| Zip Code | 97058 |
| School District | The Dalles |
| Elementary School | Dry Hollow |
| High School | The Dalles |
| Listing VS Median (in 97058) | |
Price: $350,000 low | high Med: $450,000 sqft: 1,180 low | high Med: 1,060 $ / sqft: $297 low | high Med: $473 On site: 258 low | high Med: 117 | |