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Sold on 03/08/2022
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515 E Cowins St, Heppner, OR 97836

  • $650,000

    Last sold 03/08/2022 after 179 Days

  • —

    bed

  • —

    bath

  • 5,080

    Sqft ($128/Sqft)

Multi-family not for sale
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About 515 E Cowins St

Property type Multi-family
Neighborhood
Year built 2019
HOA fee $0/month
Property description
New Two -3 bedroom 2 bath 1,270 sq ft duplexes (four total units) in Heppner, OR. Each unit rented for $1150 per month. Will make a great investment. Strong rental market has given these two duplexes an almost 100% occupancy rate. enters pay own water and sewer. Quality construction. P&Ls reports available. Buy one or both! If you want owner will separate lot & sell each duplex separately at $375,000 ea. Live in one unit, rent out the other.
Listed by
Listing Agent - David Sykes
Listing Office - Sykes Real Estate
Source: RMLS mls logo
MLS#21344707 • last updated 4 years ago
Movoto checked RMLS for data 18 minutes ago
Overview
Cooling/AC Central Air
Heating Forced Air
MLS # 21344707
Type Multi Family
Status Sold
Property Tax 9979.34
Year Built 2019
Exterior
Roof Composition
Exterior Features Wood Composite
Lot Desc Level
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Morrow
Community Features Commons
Subdivision Heppner
Area 424 - Morrow Co: Heppner/South
Elementary School Heppner
Middle School Heppner
High School Heppner
Zoning R2
Directions In Heppner Go To Cowins St
APN 766
Multifamily Details
Unit Type 3: Total Baths 2
Unit Type 1: # Bedrooms 3
Unit Type 1 : Total Baths 2
Unit Type 2: # Bedrooms 3
Unit Type 3: # Bedrooms 3
Unit Type 4: Total Baths 2
Unit Type 2: Total Baths 2
Unit Type 4: # Bedrooms 3
Unit Type 1: Rent 1150
Unit Type 4: Rent 1150
Unit Type 3: Rent 1150
Unit Type 2: Rent 1150
Total # of Units 4
Gross Rent Multiplier 12.07
Operating Expense Scheduled 21316
Net Operating Income 40796
Operating Expense 21316
Gross Scheduled Income 55200
Gross Income 62112
Cap Rate 5.44
Net Scheduled Income 40796
Lot/ Land Details
Road Surface Paved
We are not permitted to show value estimates for this property.
  • May 2022
    Public Records
  • May 26, 2022 Sold
    $325,000 (-50.0%)
  • May 2022
    mls logo MLS # 21344707
  • May 26, 2022 Sold
    $650,000 (-13.3%)
  • Mar 8, 2022 Pending
    —
  • Sep 10, 2021 Listed
    $750,000
  • 515 E Cowins St
    $650K
  • 424 - Morrow Co: Heppner/south
    —
  • 97836
    $275K +10% y/y
  • Heppner
    $277K +10% y/y
No chart available
Statistics calculated by Movoto

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8/10
Heppner Elementary School
public Grades K-6
Morrow School District 1
8/10
Heppner Junior/Senior High School
public Grades 7-12
Morrow School District 1
Source: GreatSchools.org © 2026. All rights reserved.

Around 424 - Morrow Co: Heppner/south

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