600 4th St, Gervais, OR 97026
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
600 4th St,Gervais, OR 97026
$3,500,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:patrick ledbetter
Office:premiere property group, llc.
MLS#:594412183
Source:PORTLAND
Price summary
- Price:$3,500,000
About this home
This is more than just an opportunity; this is an asset that'll keep paying out for years to come. Be an investor with these brand spanking new 8 apartments and 4-8 retail/business offices in downtown Gervais. Luxury Apartments are 1,000 sqft 9' ceilings and feature beautiful kitchens, LVP flooring, granite countertops, stainless steel appliances, 2 bedroom, 2 baths with air-conditioning, washer/dryer hookup, balcony, and storage. The ground-level 4 unit retail/offices can be split from 2,000 sq-ft to 1,000 or even smaller to rent out, could be a hair salon, nails, chiropractic office, or accountant office, bring your dream and your ideas. The parking lot is also big enough to rent out to culinary food trailers/trucks. There is also an area on the south side of the parking lot that is approved for an 800sqft commercial building thats already plumbed for water and sewer.This is a "Gold Mine" of opportunity. Minutes from I-5, between Portland and Salem. Gervais is such a great community and has grown substantially in the last few years, having its own schools, Elementary up through High School. Seller is also willing to carry a contract on this for 20 years with a sizable down payment. The projected yearly gross income is over 300k. The estimated time of completion is July. Super easy access to I-5 in Woodburn, which is smack-dab in the middle between Portland and Salem. Don't let this phenomenal opportunity pass this up.
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Home facts
- Year built:2025
- Listing ID #:594412183
- Added:120 day(s) ago
- Updated:September 19, 2025 at 11:19 AM
Heating and cooling
- Cooling:Wall Unit
Structure and exterior
- Roof:Composition
- Year built:2025
- Lot area:0.46 Acres
Schools
- High school:Gervais
- Middle school:Gervais
- Elementary school:Gervais
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,500,000
- Tax amount:$521 (2024)
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