173 N 15TH AVE Elgin, OR $ 499,000
173 N 15TH AVE
$ 499,000
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173 N 15TH AVE

Elgin, OR, 97827
$ 499,000
Bedrooms3 Baths2.0 Sq 3,456

Monthly Estimate*

$ 3,151

173 N 15TH AVE, Elgin, OR 97827 - Image 1
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Multi-Family Home for sale in Elgin, OR

for $499,000 with 3 bedrooms and 2 full baths. This 3,456 square foot home was built in 1979 on a lot size of 0.25.

Investors looking for an opportunity to own apartment rentals look no further! This well-kept 4-plex built amongst the pine trees is ready for the motivated investor who has residual income as a future priority! As a residential gem in the city of Elgin, you don't want to miss this rare opportunity which was built with pride in 1979 and owned by only the original owner! Located near schools and close to shopping makes this a place that tenants enjoy calling home as turnover and vacancies are nearly nonexistent! Offering 4 total spacious units with three 2-bedroom 1-bathroom units and one 1-bedroom 1-bath unit. All units include range/oven, refrigerator, dishwasher and a garbage disposal! The convenient on-site laundry room has 2 washers and 2 dryers for all tenants to utilize as needed. The grounds give the feeling of a park like atmosphere as landscaping is always well maintained. Each upstairs unit provides a Trex deck out the dining room sliding glass door to enjoy the evening views while relaxing, and the downstairs units offer a patio and a small yard! The building has a newer roof, double pane vinyl windows, Hardy siding, and exterior paint. Make an appointment to see this great opportunity today! This 4-plex may be purchased together with the adjacent 4-plex located at 171 N 15th Ave Elgin. Please see listing 450112253. Listing agent is related to the seller. Financials are available.

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Multi-Family Active

Price

$ 499,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 3,219

Style

Lot Size

0.25

Year Built

1979

Town/City

Elgin

County/Region

Union

MLS | Web ID

597963746

Features
General
Sewer PublicSewer
Heating Baseboard
Cooling None
Roof Composition
Zoning EL-R
Garage Spaces 0
Security Features SecurityLights
Year Built 1979
Stories Count 2
Tax Year 2025
Parcel Number 12881
Gross Income 35472.0
Community Features AllLandscaping Laundry
County Union
Net Operating Income 23870.0
Operating Expense 11602.0
Property Type MultiFamily
HOA N
Rent Includes Sewer TrashCollection Water
Status Active
Directions 15th Ave & Baltimore St.
High School Elgin
City Elgin
Disclosures Exempt
Number Of Units Total 4
MLS Area _440
Lot Size Square Feet 10890.0
Listing Terms CallListingAgent Cash Conventional Other
Elementary School Stella Mayfield
Tax Annual Amount 3219.37
Middle/Junior High School Elgin
Property Condition Existing
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 01N3915BD Tax lot 8101
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Interior
Basement CrawlSpace
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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Exterior
Parking Features OffStreet Paved
Lot Features CornerLot Level PublicRoad Seasonal Trees
Water Source PublicWater
Exterior Description CementSiding LapSiding
Foundation Details ConcretePerimeter PillarPostPier
Building Area Total 3456.0
Lot Size Acres 0.25
Road Surface Type Paved
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Internal Only
Street Number 1 173
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* Excluded Features
List By
Valley Realty

Broker

Rogerhutson1@gmail.com

Email

Affordability Calculator

$3,419
Per Month
92%
8%
0%
Monthly Principal & Interest
$3,151
Monthly Property Taxes
$268
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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.
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Nearby
1950051 Elementary School
3690454 Middle School
Elgin High School High School
Pricing History
DatePricePrice ChangeDescription
6/29/2026$499,000 Listed Price

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173 N 15TH AVE, Elgin, OR, 97827 is a Multi-Family Home for sale at $499,000 with 3,456 sqft and a lot size of 0.25. 173 N 15TH AVE has 3 bedrooms, 2.0 baths, and was built in 1979. The property's zip code is 97827 which is in Elgin, OR