10208 N MCALISTER RD Island City, OR $ 1,375,000
10208 N MCALISTER RD
$ 1,375,000
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10208 N MCALISTER RD

Island City, OR, 97850
$ 1,375,000
Bedrooms5 Baths3.0

Monthly Estimate*

$ 8,682

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Multi-Family Home for sale in Island City, OR

for $1,375,000 with 5 bedrooms and 3 full baths. This home was built in 1925 on a lot size of 4.04.

Commercial investment opportunity featuring a 17-space manufactured home park, two detached single family homes, a classic barn, and 4.04 commercially zoned acres with room for future development. Situated along N. McAlister Road/Highway 82 (Wallowa Lake Highway), this highly visible property benefits from consistent traffic traveling between La Grande and the communities of Imbler, Summerville, Elgin, Wallowa County, and Wallowa Lake. With two access points, excellent frontage, and outstanding exposure, the property is well positioned for its current income-producing use and future development. The two homes add flexibility and additional revenue potential. The primary residence is a spacious three bedroom, two bath home featuring a comfortable floor plan, enclosed wraparound porch, detached garage, and an expansive unfinished basement with abundant space for storage, hobbies, recreation, or future finishing. The second home is a remodeled two bedroom, one bath residence with a partially finished basement and an adjacent classic barn. Together, the homes are well suited for owner occupancy, an on site manager, or additional rental income. Mature shade trees, generous open space, and well maintained improvements give the property an established feel that is uncommon for an investment of this kind. The combination of the manufactured home park, two residences, and additional commercial acreage creates multiple income streams while providing room for future expansion or redevelopment, subject to buyer due diligence. Whether you're looking to expand your investment portfolio, operate an established income producing property with on-site living, or capitalize on the potential of one of the area's most visible commercial corridors, this property presents a rare opportunity with immediate cash flow and long-term upside. Call today for more information! *Lot lines are approximate*

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Multi-Family Active

Price

$ 1,375,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 1,082

Style

Lot Size

4.04

Year Built

1925

Town/City

Island City

County/Region

Union

MLS | Web ID

255527630

Features
General
Sewer Cesspool PublicSewer
Heating ForcedAir WoodStove
Roof Metal Tile
Zoning IC-C1
Year Built 1925
Stories Count 1
Parcel Number 4305 4306
Gross Income 104160.0
County Union
Net Operating Income 77129.0
Operating Expense 27031.0
Property Type MultiFamily
HOA N
Rent Includes Sewer TrashCollection Water
Status Active
Directions Island Avenue -> N McAlister
High School La Grande
City IslandCity
Number Of Units Total 19
MLS Area _440
Lot Size Square Feet 175982.0
Listing Terms Cash Conventional
Elementary School Island City
Tax Annual Amount 1082.78
Middle/Junior High School La Grande
Property Condition Existing
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 02S3834-CD-00400 02S3834-CD-00200 02S3834-CD-00100
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Interior
Basement PartiallyFinished StorageSpace
Storage Basement Garage
Hot Water Tank
Unit 1 Baths Total 2
Unit 1 Beds Total 3
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit 3 Baths Total 0
Unit 3 Beds Total 0
Unit 4 Baths Total 0
Unit 4 Beds Total 0
Unit 5 Beds Total 0
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4 UnitTypeType5
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Exterior
Parking Features Driveway OffStreet
Lot Features Level Pasture
Water Source PublicWater
Exterior Description ShakeSiding Stucco
Foundation Details ConcretePerimeter
Lot Size Acres 4.04
Road Surface Type Paved
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Internal Only
Street Number 1 10208
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* Excluded Features
List By
High Country Realty Professionals

Broker

541-962-5413

Contact

Affordability Calculator

$8,772
Per Month
99%
1%
0%
Monthly Principal & Interest
$8,682
Monthly Property Taxes
$90
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
1949901 Elementary School
1949113 Middle School
La Grande High School High School
Pricing History
DatePricePrice ChangeDescription
7/24/2026$1,375,000 Listed Price

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10208 N MCALISTER RD, Island City, OR, 97850 is a Multi-Family Home for sale at $1,375,000 with a lot size of 4.04. 10208 N MCALISTER RD has 5 bedrooms, 3.0 baths, and was built in 1925. The property's zip code is 97850 which is in Island City, OR