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Sold on 01/02/2021
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334 E 5th Ave, Riddle, OR 97469

  • $1,320,000

    Last sold 01/02/2021 after 155 Days

  • —

    bed

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    bath

Multi-family not for sale
Movoto is helping 6 homebuyers near you

About 334 E 5th Ave

Property type Multi-family
Neighborhood
Year built 1970
HOA fee $0/month
Property description
ATTENTION INVESTORS! Here is your opportunity to own a desirable recession proof asset. Old Hotel Mobile Home Park has a long history of high occupancy and long term renters. A manager is on site and vacancy or delinquent rent is a rare occurrence. The property is in excellent physical condition most all of the water and sewer lines being replaced. The current owner paid approx. $80k for new paving. The park is comprised of 27 park spaces and three stick built homes. Don't miss out on this one!
Listed by
Listing Agent - Jim Reiter
Listing Office - Columbia Equity Advisors
Source: RMLS mls logo
MLS#20505312 • last updated 5 years ago
Movoto checked RMLS for data 8 minutes ago
Overview
Heating Floor Furnace
MLS # 20505312
Type Multi Family
Virtual Tour N/A
Status Sold
Property Tax 4900
Year Built 1970
Exterior
Lot Desc Level
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
View Mountain(s)
County Douglas
Subdivision Riddle, OR
Area 258 - Douglas Co: Myrtle Creek/S&SE Of Roseburg To Ti
Elementary School Riddle
High School Riddle
Zoning UZ
Directions 334 E 5th Ave. Riddle OR
APN Not Found
Multifamily Details
Unit Type 1: Rent 450
Unit Type 4: Rent 850
Unit Type 3: Rent 585
Unit Type 2: Rent 485
Unit Type 5: Rent 1200
Total # of Units 27
Gross Rent Multiplier 7.67
Net Operating Income 104340
Operating Expense 78300
Gross Income 182640
Cap Rate 7.45
Lot/ Land Details
Road Surface Paved
We are not permitted to show value estimates for this property.
  • Jul 2026
    mls logo MLS # 418184077
  • Jul 7, 2026 Price Change
    $19,995 (-25.7%)
  • Feb 9, 2026 Price Change
    $26,900 (-22.9%)
  • Aug 5, 2025 Listed
    $34,900 (-97.4%)
  • Jan 2021
    mls logo MLS # 20505312
  • Jan 29, 2021 Sold
    $1,320,000 (+1.5%)
  • Aug 12, 2020 Pending
    —
  • Jul 31, 2020 Listed
    $1,400,000
  • Jan 2021
    Public Records
  • Jan 28, 2021 Sold
    $1,300,000 (-7.1%)
  • 334 E 5th Ave
    $1.32M
  • 258 - Douglas Co: Myrtle Creek/s&se Of Roseburg To Ti
    —
  • 97469
    $394K -9% y/y
  • Riddle
    $435K -1% y/y
No chart available
Statistics calculated by Movoto

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4/10
Riddle Elementary School
public Grades K-6
Riddle School District 70
2/10
Riddle High School
public Grades 7-12
Riddle School District 70
Source: GreatSchools.org © 2026. All rights reserved.

Around 258 - Douglas Co: Myrtle Creek/s&se Of Roseburg To Ti

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