118 ENGLE AVE Molalla, OR $ 425,000
118 ENGLE AVE
$ 425,000
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118 ENGLE AVE

Molalla, OR, 97038
$ 425,000
Bedrooms-- Baths-- Sq 2,016
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Property for Rent in Molalla, OR

for $425,000. This 2,016 square foot property was built in 1978.

Versatile Commercial Property with Two Apartments In A Prime Location! Incredible investment opportunity in a bustling commercial corridor! This unique property offers the best of both worlds. There's a spacious commercial unit currently with two 26’x16’ salon-style suites, each equipped with a closet and private bathroom, plus an additional private office space. This commercial section features a separate entrance to maintain business privacy and flow. Additionally, there are two charming 1-bedroom apartments with their own private entrances, perfect for owner-occupancy or tenant rental. The residential units include living room/kitchens, a cozy bedroom, and a bathroom with a walk-in shower making this an ideal setup for live/work flexibility or added passive income. Strategically located in a high-traffic area, close to public transportation, and surrounded by thriving local businesses, it's the perfect setup to draw in clientele and benefit from surrounding activity. Zoned for various commercial uses – confirm specifics with the city. Don’t miss this chance to establish your business or expand your portfolio with a multi-use, income-producing property in a high-demand area!

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Rental Active

Price

$ 425,000

Taxes

$ 3,685

Style

Commercial

Year Built

1978

Town/City

Molalla

County/Region

Clackamas

MLS | Web ID

327959226

Features
General
Sewer PublicSewer
Heating Zoned
Cooling WallUnit
Roof Composition
Zoning Comm
Construction Materials Concrete WoodSiding
Year Built 1978
Sale Includes Building Land
Stories Count 1
Property Subtype Commercial
Tax Year 2025
Current Use MultiFamily Retail Salon
Parcel Number 01099028
Gross Income 42000.0
County Clackamas
Operating Expense 9778.0
Property Type CommercialSale
HOA N
Status Active
Directions E Main St to Engle Ave
City Molalla
MLS Area _146
Listing Terms Cash Conventional
Tax Annual Amount 3685.82
Property Condition Existing
Lease Type MonthToMonth
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 333 GREGORYS 1ST ADD LT 9 BLK 1
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Exterior
Road Frontage 50
Parking Features OnSite
Water Source PublicWater
Total Parking 7.0
Number of Buildings 1
Building Area Total 2016.0
Lot Dimensions 50x120
Road Surface Type Paved
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Internal Only
Street Number 1 118
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* Excluded Features
List By
Exp Realty, Llc

Broker

503-389-0821

Contact

Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/17/2026$425,000 Listed Price

Map


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118 ENGLE AVE, Molalla, OR, 97038 is a Property for Rent at $425,000 with 2,016 sqft. 118 ENGLE AVE was built in 1978. The property's zip code is 97038 which is in Molalla, OR