3-Bedroom Home with Income-Producing Duplex in the Back! Welcome to this beautiful newly remodeled 3-bedroom, 2-bath home. The main house has been recently updated, with a brand-new kitchen, remodeled bathrooms, new appliances, plumbing, electrical, water heater, triple-pane windows, gas furnace & insulation. In addition to the main house the property includes a fully rented duplex in the back with a separate entrance off Marson Ct, providing privacy & a steady stream of rental income. A garage with an attached workshop separates the house from the duplex, offering additional privacy between the two living spaces, making it ideal for both homeowners & tenants. Buyer due diligence for use. With mixed-use zoning, ample off-street parking, a convenient location & abundant storage space, the possibilities are endless! Whether you’re looking to make it your home, your retail space or office, or capitalize on its investment potential, this property truly has it all!
View full listing details| Price: | $599,000 |
| Address: | 217 N Molalla Ave |
| City: | Molalla |
| County: | Clackamas |
| State: | Oregon |
| Zip Code: | 97038 |
| MLS: | 387209741 |
| Year Built: | 1935 |
| Square Feet: | 1,884 |
| Acres: | 0.15 |
| Lot Square Feet: | 0.15 acres |
| roof: | Composition, Shingle |
| sewer: | Public Sewer |
| viewYN: | no |
| capRate: | 6.77 |
| cooling: | None |
| country: | US |
| heating: | Forced Air |
| storage: | Garage(s) |
| stories: | 1 |
| taxYear: | 2024 |
| basement: | Crawl Space |
| coolingYN: | no |
| heatingYN: | yes |
| photo1Url: | https://www.rmlsweb.com/webphotos/38700000/20000/0000/387209741-1-a.jpg |
| priceType: | List Price |
| directions: | Main St, N on N Molalla Ave |
| highSchool: | Molalla |
| grossIncome: | 48360 |
| lotFeatures: | Level, Public Road |
| openHouseYN: | no |
| shortSaleYN: | no |
| waterSource: | Public Water |
| daysOnMarket: | 69 |
| hotSheetDate: | 2025-04-08 |
| listAgentKey: | 72419 |
| listingTerms: | Cash, Conventional, FHA, VA Loan |
| lotSizeRange: | 5, 000 to 6, 999 SqFt |
| mlsAreaMajor: | Oregon City, Beavercreek, Canby, Molalla, Mulino |
| onMarketDate: | 2025-01-29T00:00:00+00:00 |
| parcelNumber: | 01097431 |
| parkingTotal: | 3 |
| rentIncludes: | Sewer, Water |
| unitTypeType: | 1, 2, 3 |
| associationYN: | no |
| listOfficeFax: | 503-444-9008 |
| listOfficeKey: | 107969 |
| unitType1Area: | 425 |
| unitType2Area: | 385 |
| unitType3Area: | 1074 |
| listingService: | Full Service |
| standardStatus: | Pending |
| fuelDescription: | Gas |
| parkingFeatures: | Driveway, Paved |
| roadSurfaceType: | Paved |
| sourceSystemKey: | 387209741 |
| taxAnnualAmount: | 4082.47 |
| elementarySchool: | Molalla |
| offMarketDateMls: | 2025-04-08T00:00:00+00:00 |
| operatingExpense: | 7800 |
| sourceSystemName: | Regional Multiple Listing Service, Inc. |
| foundationDetails: | Concrete Perimeter |
| listAgentLastName: | Legg |
| listMainOfficeKey: | 107969 |
| listingKeyNumeric: | 387209741 |
| lotSizeSquareFeet: | 6534 |
| offerInstructions: | Call Seller's Agent |
| originalListPrice: | 614900 |
| previousListPrice: | 614900 |
| propertyCondition: | Updated/Remodeled |
| unitType1Features: | Microwave, Range, Refrigerator |
| unitType2Features: | Microwave, Range, Refrigerator, Storage |
| unitType3Features: | Refrigerator, Storage, Washer/Dryer, Wood Floors |
| listAgentFirstName: | Amy |
| netOperatingIncome: | 40560 |
| numberOfUnitsTotal: | 3 |
| propertyAttachedYN: | no |
| unitType1BedsTotal: | 1 |
| unitType2BedsTotal: | 1 |
| unitType3BedsTotal: | 3 |
| exteriorDescription: | Shingle Siding |
| grossRentMultiplier: | 12.39 |
| hotWaterDescription: | Electricity |
| idxAddressDisplayYN: | yes |
| internetServiceType: | Fiber Optics |
| investorInformation: | According To Owner |
| listAgentKeyNumeric: | 72419 |
| listingContractDate: | 2025-01-29T00:00:00+00:00 |
| streetNumberNumeric: | 217 |
| taxLegalDescription: | SUBDIVISION CLIFFORD ADD 385 LT 2 & PT LT 1 |
| unitType1ActualRent: | 980 |
| unitType1BathsTotal: | 1 |
| unitType1UnitsTotal: | 1 |
| unitType2ActualRent: | 1050 |
| unitType2BathsTotal: | 1 |
| unitType2UnitsTotal: | 1 |
| unitType3BathsTotal: | 2 |
| unitType3UnitsTotal: | 1 |
| greenCertificationYN: | no |
| listOfficeKeyNumeric: | 107969 |
| middleOrJuniorSchool: | Molalla River |
| originatingSystemKey: | 387209741 |
| purchaseContractDate: | 2025-04-08T00:00:00+00:00 |
| thirdPartyApprovalYN: | no |
| currentPriceForStatus: | 599000 |
| originatingSystemName: | Regional Multiple Listing Service, Inc. |
| statusChangeTimestamp: | 2025-04-08T23:36:47+00:00 |
| cumulativeDaysOnMarket: | 69 |
| contractStatusChangeDate: | 2025-04-08T00:00:00+00:00 |
| internetAddressDisplayYN: | yes |
| listMainOfficeKeyNumeric: | 107969 |
| idxEntireListingDisplayYN: | yes |
| internetConsumerCommentYN: | no |
| virtualTourUrlUnbranded3YN: | no |
| propertyRecordUpdateTimestamp: | 2025-05-07T09:23:36+00:00 |
| internetEntireListingDisplayYN: | yes |
| internetAutomatedValuationDisplayYN: | no |
