202 E 1ST ST Wallowa, OR $ 390,000
202 E 1ST ST
$ 390,000
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202 E 1ST ST

Wallowa, OR, 97885
$ 390,000
Bedrooms-- Baths-- Sq 8,142
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Property for Rent in Wallowa, OR

for $390,000. This 8,142 square foot property was built in 1898 on a lot size of 0.15.

Prime Highway 82 Investment Opportunity in Downtown Wallowa! Positioned in the heart of Wallowa with 60 feet of unbeatable storefront exposure, this property includes two commercial buildings packed with potential. Currently home to a mix of established tenants - a hair salon, retail shop, coffee shop, and a studio apartment - this investment already generates reliable income. Beyond the existing rentals, the property boasts three additional vacant storefronts (two facing Hwy 82 and one on Pine Street), plus extra unused space waiting to be transformed into whatever you envision - boutiques, offices, studios, or more. Recent upgrades give peace of mind and a modern appeal: a newer 40-year roof, updated plumbing and electrical, and refreshed interiors with modern bathrooms, new flooring, and stylish finishes. With strong income in place and plenty of room for growth, this property is a standout opportunity for investors or entrepreneurs. Even better, the owner is open to carrying a contract, making it easier than ever to step into this prime location. 202 & 204 E First Street are included in the sale.

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Rental Active

Price

$ 390,000

Taxes

$ 2,128

Style

Commercial

Lot Size

0.15

Year Built

1898

Town/City

Wallowa

County/Region

Wallowa

MLS | Web ID

606555348

Features
General
Sewer PublicSewer
Heating Zoned
Roof Metal
Zoning C
Construction Materials WoodSiding
Year Built 1898
Sale Includes Building Land
Property Subtype Commercial
Tax Year 2025
Current Use FoodService Other Salon
Parcel Number 5504
Gross Income 32700.0
County Wallowa
Operating Expense 9962.0
Property Type CommercialSale
HOA N
Status Active
Directions Off the main street in Wallowa Hwy 82
City Wallowa
MLS Area _470
Lot Size Square Feet 6534.0
Listing Terms Cash Contract Conventional Other
Tax Annual Amount 2128.32
Property Condition UpdatedRemodeled
Lease Type MonthToMonth
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description 01N4214AC TL#5000 & 5100
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Exterior
Parking Features OnStreet
Water Source PublicWater
Number of Buildings 2
Building Area Total 8142.0
Lot Dimensions 60X110
Lot Size Acres 0.15
Road Surface Type Concrete
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Internal Only
Street Number 1 202
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* Excluded Features
List By
Ruby Peak Realty, Inc.

Broker

kate.crawford.realtor@gmail.com

Email

Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/18/2026$390,000 -20.41% Price Down
9/5/2025$490,000 Listed Price

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202 E 1ST ST, Wallowa, OR, 97885 is a Property for Rent at $390,000 with 8,142 sqft and a lot size of 0.15. 202 E 1ST ST was built in 1898. The property's zip code is 97885 which is in Wallowa, OR