Listing Courtesy of: Stellar Realty Northwest
Listing Agent: Najla Slater
541-391-2028
Prime mixed-use income property with highway frontage and multiple revenue streams on 2.52 acres! 10% cap rate on rental income alone. This Multi-Family listing highlights the residential income components: a 336 sq ft studio cabin rented at $800/month and four long-term rental spaces (tenant-owned units) at $400/month each, while additional rental income comes from the 2,404 sq ft tavern/bar. Currently operated as the established Tri City Country Club, this space offers exceptional visibility, dedicated parking, and longstanding local activity, creating a rare opportunity to own and operate a local landmark. Current owner is willing to sign a lease to remain in the commercial space or transition operations to a new owner. Most of the property is zoned C2 with a small R2 portion, offering a wide range of potential uses and income opportunities. Call your agent for additional details. With established residential income, an active commercial component, and flexible zoning that allows for a variety of permitted uses, this property offers an exceptional combination of cash flow potential and future opportunity. See Commercial MLS #714690645 for full commercial details. Owner carry available with a large down payment. Motivated seller!
| Listing Id: | 697706513 |
|---|---|
| List Price: | $499,000 |
| Property Type: | Multi Family |
| Status: | Active |
| Bank Owned Yn: | No |
| Building Area Total: | 336 |
| Tax Annual Amount: | $2,331 |
| Lot Size Square Feet: | 109,771.0 |
| Lot Size Acres: | 2.52 |
| Waterfront?: | No |
| City: | Myrtle Creek |
| County Or Parish: | Douglas |
| Postal Code: | 97457 |
| Year Built: | 1954 |
| Number Of Units Total: | 6 |
| Basement: | False |
| Basement: | None |
| Cooling: | Wall Unit |
| Cooling?: | Yes |
| Country: | US |
| Directions: | I-5 > Exit 106 > Weaver Rd > R on Mrtl Crk Hwy/S Old Pacific Hwy > Property on Left |
| Disclosures: | Disclosure |
| Elementary School: | Myrtle Creek |
| Exterior Description: | Wood Siding |
| Foundation Details: | Slab |
| Fuel Description: | Electricity and Gas |
| Gross Income: | $208,800 |
| Gross Rent Multiplier: | 2.39 |
| Gross Scheduled Income: | $208,800 |
| Heating: | Wall Heater |
| High School: | South Umpqua |
| Hot Sheet Date: | 2026-09-04 |
| Hot Water Description: | Gas |
| Listing Contract Date: | 2025-09-18 |
| Listing Service: | Full Service |
| Listing Terms: | Cash, Other, and Owner Will Carry |
| Lot Features: | Level |
| Lot Size Range: | Acres1to3 |
| MLS Area Major: | _258 |
| Middle Or Junior School: | Coffenberry |
| Net Operating Income: | $76,500 |
| Net Scheduled Income: | $76,500 |
| Offer Instructions: | Call Sellers Agent |
| Operating Expense: | $132,300 |
| Operating Expense Scheduled: | $132,300 |
| Original List Price: | $599,000 |
| Parcel Number: | R26586 |
| Parking Features: | Driveway and Off Street |
| Price Type: | List Price |
| Property Condition: | Approximately |
| Rent Includes: | Sewer, Trash Collection, and Water |
| Road Surface Type: | Gravel |
| Roof: | Composition |
| Sewer: | Public Sewer |
| Status: | Active |
| State Or Province: | OR |
| Stories: | 1 |
| Tax Legal Description: | TRACT M&B INST 321779, ACRES 2.52, MULT MSS X# X139102 X101703 X1 |
| Tax Other Annual Assessment Amount: | $78 |
| Tax Year: | 2025 |
| Unit Type1 Actual Rent: | $800 |
| Unit Type1 Area: | 336 |
| Unit Type1 Baths Total: | 1 |
| Unit Type1 Features: | Range and Refrigerator |
| Unit Type1 Units Total: | 1 |
| Unit Type2 Units Total: | 4 |
| Unit Type3 Actual Rent: | $2,500 |
| Unit Type3 Area: | 2,404 |
| Unit Type3 Baths Total: | 2 |
| Unit Type3 Units Total: | 1 |
| Unit Type - Type: | Unit Type Type1, Unit Type Type2, and Unit Type Type3 |
| View Description: | Mountain, Territorial, and Trees Woods |
| View?: | Yes |
| Water Source: | Public Water |
| Zoning: | C2 & R2 |
| Unit Type1 Baths: | 1.0 |
| Unit Type3 Baths: | 2.0 |
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This content last updated on October 08, 2026 11:15 PM - PT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
All information is believed accurate but not guaranteed.
Property Last Updated: October 08, 2026 11:15 PM - PT
































