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306 NW 1ST St

Enterprise, OR 97828
  • $449,000
  • STATUS: Active
  • ON SITE: 30 Days
  • MLS #: 157984943
UPDATED: 38 min ago
$449,000
  • 1
    BEDS
  • 0.19
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,180
    SQFT
  • $381
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2008
County:

School Information

Elementary School:
Middle School:
High School:

Description

Charming Investment Property Zoned for Short-Term Rentals in Downtown EnterpriseLocation: Nestled just minutes from downtown Enterprise, this property is ideally zoned for short-term rentals, making it a prime opportunity for both tourists and business travelers. Whether you're looking for a vacation rental investment or a property with steady income potential, this location offers exceptional appeal.**Property Setup:** This versatile property features two separate units:- **1-bedroom, 1-bath** unit- **studio with a bath** Perfect for renting one unit and living in the other, or renting both units for maximum income potential. The flexible layout offers endless opportunities.**Income Potential:** With a proven rental history and current cap rate of over 8%, this property offers a reliable and solid return on investment. It's a great choice for those looking to add a profitable short-term rental to their portfolio or enter the rental business.**Extras:** - **Two-car garage** for added convenience - **Additional shed** for extra storage - Ample space for **boat and RV parking**, appealing to renters with recreational vehicles. These features not only enhance the property's usability but also add significant value for renters, increasing overall appeal.**Growth Potential:** The property has notable **growth potential**, with opportunities to increase revenue through strategic pricing or upgrades. The increasing demand for short-term rentals in this area makes it an ideal choice for capitalizing on future trends.**Don't miss out on this exceptional investment opportunity**contact us today to schedule a showing!

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Listing content is copyright © 2025 RMLS™, Portland, Oregon. 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 The Stephanie Coats Team | Keller Williams Realty Eugene & Springfield are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2025-04-22T11:46:59.6.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or The Stephanie Coats Team | Keller Williams Realty Eugene & Springfield and should be independently verified.
www.stephaniecoatsteam.com/homes/161774374
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306 NW 1ST St Enterprise, OR 97828

  • Price: $449,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 38 min ago
  • MLS #: 157984943
1
Beds
2
Baths
0
½ Baths
0.19
Acres
1,180
SQFT
$381
$/SQFT
2008
Built
Neighborhood:
470-Wallowa County
County:
Wallowa
Area:
470-Wallowa County
Elementary School:
Enterprise
Middle School:
Enterprise
High School:
Enterprise
Property Description
Charming Investment Property Zoned for Short-Term Rentals in Downtown EnterpriseLocation: Nestled just minutes from downtown Enterprise, this property is ideally zoned for short-term rentals, making it a prime opportunity for both tourists and business travelers. Whether you're looking for a vacation rental investment or a property with steady income potential, this location offers exceptional appeal.**Property Setup:** This versatile property features two separate units:- **1-bedroom, 1-bath** unit- **studio with a bath** Perfect for renting one unit and living in the other, or renting both units for maximum income potential. The flexible layout offers endless opportunities.**Income Potential:** With a proven rental history and current cap rate of over 8%, this property offers a reliable and solid return on investment. It's a great choice for those looking to add a profitable short-term rental to their portfolio or enter the rental business.**Extras:** - **Two-car garage** for added convenience - **Additional shed** for extra storage - Ample space for **boat and RV parking**, appealing to renters with recreational vehicles. These features not only enhance the property's usability but also add significant value for renters, increasing overall appeal.**Growth Potential:** The property has notable **growth potential**, with opportunities to increase revenue through strategic pricing or upgrades. The increasing demand for short-term rentals in this area makes it an ideal choice for capitalizing on future trends.**Don't miss out on this exceptional investment opportunity**contact us today to schedule a showing!
Exterior Features

Architectural Style Cabin Log Attached Garage YN Yes Exterior Description Log Other Exterior Features Deck Fenced Guest Quarters Porch RVParking Second Garage Tool Shed Yard Foundation Details Concrete Perimeter Garage Type Attached Detached Lot Features Corner Lot Level Public Road Parking Features Driveway RVAccess Parking Parking Total 1 Road Surface Type Paved Roof Composition View Description City Mountain Trees Woods View YN Yes

Interior Features

Appliances Dishwasher Free Standing Range Free Standing Refrigerator Granite Microwave Stainless Steel Appliance Basement Crawl Space Bathrooms Full Lower Level 0 Bathrooms Full Main Level 2 Bathrooms Full Upper Level 0 Bathrooms Partial Lower Level 0 Bathrooms Partial Main Level 0 Bathrooms Partial Upper Level 0 Cooling Mini Split Cooling YN Yes Family Room Level Main Fireplace Features Propane Stove Heating Ductless Mini Split Zoned Heating YN Yes Interior Features Ceiling Fan Furnished Granite Laminate Flooring Kitchen11 Level Main Living Room Level Main Lower Level Area Total 0 Main Level Area Total 1180 Primary Bedroom Level Main Upper Level Area Total 0 Window Features Vinyl Frames

Property Features

Accessibility Features Garageon Main Main Floor Bedroom Bath Accessibility YN Yes Association YN No Bank Owned YN No Farm YN No Fuel Description Electricity Propane Green Certification YN No Home Warranty YN No Hot Water Description Electricity IDXAddress Display YN Yes Internet Service Type Cable Satellite Listing Terms Cash Conventional VALoan New Construction YN No Property Attached YN No Property Condition Resale Property Sub Type Single Family Residence Rent Amount 0 RVDescription RVParking Security Features Security Lights Sidewalk Senior Community YN No Sewer Public Sewer Short Sale YN No Tax Annual Amount 2794.37 Tax Year 2024 Water Source Public Water Zoning C-1

Listing provided courtesy of Real Estate Associates: 541-432-4060.


Listing content is copyright © 2025 RMLS™, Portland, Oregon. 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 The Stephanie Coats Team | Keller Williams Realty Eugene & Springfield are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2025-04-22T11:46:59.6.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or The Stephanie Coats Team | Keller Williams Realty Eugene & Springfield and should be independently verified.
 
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The Stephanie Coats Team | Keller Williams Realty Eugene & Springfield
2645 Suzanne Way #2A
Eugene OR, 97408