721 COLE RD
Oakland, OR, 97462 $ 620,000
Bedrooms3 Baths2.0 Sq 1,697 Monthly Estimate*
$ 3,868
for $620,000 with 3 bedrooms and 2 full baths. This 1,697 square foot home was built in 1953 on a lot size of 9.78.
Welcome to 721 Cole Rd in beautiful Oakland, OR—a rare opportunity to own a charming multi-family property on 9.78 acres of serene, usable land. This creek frontage property includes water irrigation rights from Calapooya Creek and a peaceful pond with small mouth bass, creating a tranquil setting. The main home offers 737 sqft of cozy living space with 2 bedrooms and 1 bathroom. Inside, warm wood floors and vaulted ceilings create an inviting atmosphere, while a brand-new pellet stove adds warmth and charm. Enjoy the covered porch with cobblestone accents or relax on the back deck, ideal for morning coffee or unwinding. The kitchen is fully equipped with modern appliances, including a fridge, range, dishwasher, microwave, and pantry, plus a convenient laundry area with a washer/dryer combo. In addition, the property features a delightful second home at 695 Cole Rd—a whimsical 1-bed, 1-bath cottage with board and batten siding and a wrap-around concrete porch. Inside, a cozy new wood stove and beautiful wood accents, including tongue and groove ceilings and log-style details, add rustic character. The kitchen includes a fridge, range, and portable dishwasher, with laundry hookups and a finished attic space enhancing functionality. Beyond the homes, this property is a gardener’s paradise and ideal for hobby farmers. It includes a large 2 story barn, 3 medium and 2 commercial-size hoop houses, and a greenhouse—perfect for year-round growing. A 90x30 garden with berries and vegetables is supported by an efficient drip irrigation system. There’s ample space for RV parking and three gated entrances for easy access and privacy. Plus, enjoy reliable DFN fiber internet in this peaceful country setting. This unique property combines comfortable living with abundant outdoor amenities, offering versatility for multi-generational living, hobby farming, or simply enjoying a serene lifestyle surrounded by nature.
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FeaturesGeneralSewer StandardSeptic
Heating WallFurnace Zoned
Cooling None WindowUnit
Roof Metal
Zoning FG
Garage Spaces 0
Security Features SecurityGate
Year Built 1953
Stories Count 1
Tax Year 2024
Parcel Number R26488
Gross Income 0
Waterfront Features Creek
County Douglas
Net Operating Income 0
Operating Expense 0
Property Type MultiFamily
HOA N
Subdivision Name SH
Rent Includes None
Status Active
Directions EXIT 136 W ON HWY 138 TO FORT MCKAY RD - R TO COLE ROAD - PROPERTY ON R
High School Oakland
City Oakland
Body of Water Calapooya Creek
Number Of Units Total 2
MLS Area _256
Lot Size Square Feet 426016.0
Listing Terms Cash Conventional VALoan
Elementary School Oakland
Tax Annual Amount 1523.58
Middle/Junior High School Other
Property Condition Approximately
Virtual Tour https://my.matterport.com/show/?m=MDHPrGV8jX4&brand=0
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description TRACT M&B INST 70-13211 ACRES 9.78
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InteriorBasement CrawlSpace
Storage Attic
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2
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ExteriorParking Features OffStreet RVAccessParking
Lot Features IrrigatedIrrigationEquipment Level Pasture Pond
Water Source Well
Total Parking 4.0
Exterior Description BoardBattenSiding T111Siding WoodSiding
Foundation Details ConcretePerimeter
Building Area Total 1697.0
Lot Size Acres 9.78
Road Surface Type Gravel
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* Excluded FeaturesList ByKeller Williams Southern Oregon-Umpqua ValleyBroker
Affordability Calculator
- Monthly Principal & Interest
- $3,868
- Monthly Property Taxes
- $127
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Oakland, OR
Average List Price $992,500
Percent of Sale Price 60%
About Oakland, OR 842 Population
8% Since 2002
$ 42,643 Median Income
42.82 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
1949483 Elementary School
4939157 Middle School
Oakland High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/7/2025 | $620,000 | -1.59% | Price Down |
| 10/21/2025 | $630,000 | -0.79% | Price Down |
| 8/26/2025 | $635,000 | | Listed Price |