173 N 15TH AVE, Elgin, OR 97827 | MLS #597963746 | Berkshire Hathaway HomeServices Northwest Real Estate  
 
Listing provided courtesy of Valley Realty- MLS# 597963746MLS Provider

173 N 15TH AVEElgin, OR 97827

Multi-Family · 3,456 Sq. ft. | 0.25 Acres
$499,000 Active

173 N 15TH AVE Overview

Time on Site:
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Investors looking for an opportunity to own apartment rentals look no further! This well-kept 4-plex built amongst the pine trees is ready for the motivated investor who has residual income as a future priority! As a residential gem in the city of Elgin, you don't want to miss this rare opportunity which was built with pride in 1979 and owned by only the original owner! Located near schools and close to shopping makes this a place that tenants enjoy calling home as turnover and vacancies are nearly nonexistent! Offering 4 total spacious units with three 2-bedroom 1-bathroom units and one 1-bedroom 1-bath unit. All units include range/oven, refrigerator, dishwasher and a garbage disposal! The convenient on-site laundry room has 2 washers and 2 dryers for all tenants to utilize as needed. The grounds give the feeling of a park like atmosphere as landscaping is always well maintained. Each upstairs unit provides a Trex deck out the dining room sliding glass door to enjoy the evening views while relaxing, and the downstairs units offer a patio and a small yard! The building has a newer roof, double pane vinyl windows, Hardy siding, and exterior paint. Make an appointment to see this great opportunity today! This 4-plex may be purchased together with the adjacent 4-plex located at 171 N 15th Ave Elgin. Please see listing 450112253. Listing agent is related to the seller. Financials are available.

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173 N 15TH AVE Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,456
  • Price/Sq.ft. $144
  • Lot 0.25 Acres

Details

General

School Information

  • Elementary School: Stella Mayfield
  • Middle Or Junior School: Elgin
  • High School: Elgin

Income/Expenses

  • Gross Income: 35472.0
  • Gross Scheduled Income: 57600.0
  • Net Operating Income: 23870.0
  • Operating Expense: 11602.0

Building Information

  • Year Built: 1979

Location/Region

  • Country: US
  • County Or Parish: Union
  • MLS Area Major: 440 - Union County

Community/Development

  • Community Features: All Landscaping,Laundry

Rent/Lease Information

  • Rent Includes: Sewer,Trash Collection,Water

Tax Information

  • Tax Annual Amount: 3219.37
  • Tax Year: 2025

General Information

  • Disclosures: Exempt
  • Listing Terms: Call Listing Agent,Cash,Conventional,Other
  • Parcel Number: 12881
  • Property Condition: Existing
  • Property Type: Multi Family
  • Zoning: EL-R

Interior

Parking Information

  • Garage Spaces: 0

Building Interior

  • Building Area Total: 3456.0

General Information

  • Basement: Crawl Space
  • Cooling: None
  • Foundation Details: Concrete Perimeter,Pillar/Post/Pier
  • Heating: Baseboard
  • Security Features: Security Lights
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Off Street,Paved

Lot Information

  • Lot Features: Corner Lot,Level,Public Road,Seasonal,Trees
  • Lot Size Acres: 0.25
  • Lot Size Square Feet: 10890.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition

General Information

  • Number Of Units Total: 4
  • Sewer: Public Sewer

173 N 15TH AVE Neighborhood

Community

97827 (Elgin) Demographics

50
Median Age
12
Population Density (per sq. mile)
18%
College Educated
$47,980
Estimated Median Income
874
Estimated Total Home Owners
235
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

173 N 15TH AVE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

173 N 15TH AVE Market Data

Based on the last 30 days in this zip code

$469,195
Average List Price
$276
Average Price per Square Foot
2
Properties Sold
118
Average Days on Market
23
Properties for Sale
Calculations provided by Reliance Network

173 N 15TH AVE History

Date Event Value Agent
6/28/2026Source: Regional MLS Added to Database
June 28, 2026