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Listed by Real Estate Associates • 541-432-4060
Bought with Ruby Peak Realty, Inc.

$432,000

Est. payment - /mo

1 Bed

2 Baths

1,180 SqFt

Sold on 07/23/2025

306 NW 1ST ST Enterprise, OR 97828

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Victoria Marchese

Agent | License ID: 970900118

+1(503) 780-1937

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Key Details

Sold Price $432,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 1,180 sqft

Price per Sqft $366

MLS Listing ID 157984943

Style Cabin, Log

Bedrooms 1

Full Baths 2

Year Built 2008

Annual Tax Amount $2,794

Tax Year 2024

Lot Size 8,276 Sqft

Property Sub-Type Single Family Residence

Property Description

Charming Investment Property Zoned for Short-Term Rentals in Downtown EnterpriseLocation: Nestled just minutes from downtown Enterprise, this property is ideally zoned for short-term rentals, making it a prime opportunity for both tourists and business travelers. Whether you're looking for a vacation rental investment or a property with steady income potential, this location offers exceptional appeal.**Property Setup:** This versatile property features two separate units:- **1-bedroom, 1-bath** unit- **studio with a bath** Perfect for renting one unit and living in the other, or renting both units for maximum income potential. The flexible layout offers endless opportunities.**Income Potential:** With a proven rental history and current cap rate of over 8%, this property offers a reliable and solid return on investment. It's a great choice for those looking to add a profitable short-term rental to their portfolio or enter the rental business.**Extras:** - **Two-car garage** for added convenience - **Additional shed** for extra storage - Ample space for **boat and RV parking**, appealing to renters with recreational vehicles. These features not only enhance the property's usability but also add significant value for renters, increasing overall appeal.**Growth Potential:** The property has notable **growth potential**, with opportunities to increase revenue through strategic pricing or upgrades. The increasing demand for short-term rentals in this area makes it an ideal choice for capitalizing on future trends.**Don't miss out on this exceptional investment opportunity**—contact us today to schedule a showing!

Location

State OR

County Wallowa

Area _470

Zoning C-1

Interior

Heating Ductless, Mini Split, Zoned

Cooling Mini Split

Fireplaces Type Propane, Stove

Exterior

Exterior Feature Deck, Fenced, Guest Quarters, Porch, R V Parking, Second Garage, Tool Shed, Yard

Parking Features Attached, Detached

Garage Spaces 1.0

View City, Mountain, Trees Woods

Roof Type Composition

Building

Lot Description Corner Lot, Level, Public Road

Story 1

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Schools

Elementary Schools Enterprise

Middle Schools Enterprise

High Schools Enterprise

Others

Acceptable Financing Cash, Conventional, VALoan

Listing Terms Cash, Conventional, VALoan

Regional Multiple Listing Service (RMLS)

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Victoria Marchese

Agent | License ID: 970900118

+1(503) 780-1937

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306 NW 1ST ST Enterprise, OR 97828

Key Details

Location

Interior

Exterior

Building

Schools

Others

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306 NW 1ST ST