1308 E Main St, Cottage Grove, OR 97424
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: lindsay martinez
Office: wonderland realty llc.541-649-1563
MLS#:286066990
Source:PORTLAND
Price summary
- Price:$1,650,000
- Price per sq. ft.:$362.32
About this home
Exceptional Mixed-Use Investment Opportunity in the Heart of Cottage Grove! Built by JDL Construction in late 2020, this nearly new development includes a fully rented triplex and a separate commercial building, offering immediate income, long-term stability, and strong investment potential. The triplex features two 575 sq ft 1 bed / 1 bath apartments on the ground level, each equipped with stainless steel appliances and stackable washer/dryers. Above is a stunning 1,704 sq ft penthouse accessed by a private elevator inside the attached two-car garage. This luxurious residence offers 2 bedrooms, 2 bathrooms, an office, indoor laundry, and a large walk-in closet. The chef’s kitchen includes two refrigerators, stainless appliances, gas range, quartz countertops, and custom cabinetry. Additional highlights include wide-plank oak flooring, heated tile floors, custom lighting, on-demand hot water, and large picture windows overlooking Coiner Park. The Trex front deck with decorative wrought iron railing spans the length of the penthouse and is accessible through French doors from the primary suite and living room. The separate 1,700 sq ft commercial building is leased with 4 years remaining, providing stable, long-term income. It features ADA compliance, off-street parking, bay door access, ductless HVAC, two bathrooms, conference room, storage room, and front lobby. An electronic wrought iron gate separates the residential and commercial spaces. With existing tenants and strong rental demand, this property offers excellent income potential and future CAP rate upside. Live in the penthouse while generating rental income, or maintain it as a fully functioning investment property. Additional benefit: transferable tax deferral with approximately 4 years remaining, resulting in property taxes of only $756 per year. Prime location, just minutes to I-5 and historic downtown district. A rare opportunity to own one of the best commercial lots on Main Street with built-in income!...
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Home facts
- Year built:2020
- Listing ID #:286066990
- Added:65 day(s) ago
- Updated:May 15, 2026 at 11:15 AM
Rooms and interior
- Living area:4,554 sq. ft.
Heating and cooling
- Heating:Ductless
Structure and exterior
- Roof:Flat, Metal
- Year built:2020
- Building area:4,554 sq. ft.
- Lot Features:Level, On Busline
- Levels:2 Stories
Schools
- High school:Cottage Grove
- Middle school:Lincoln
- Elementary school:Bohemia
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,650,000
- Price per sq. ft.:$362.32
- Tax amount:$757 (2025)
Parking
- Total parking spaces:10
- Parking description:Off Street, Secured
- Garage spaces:2
All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate Realty Partners are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: May 15, 2026New listings near 1308 E Main St
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