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248 South Street, 
Butte Falls, OR 97522

$625,000

—

Bed

—

Bath

6,200

Sq Ft

Multi-Family

Pending

Listed by

Robert Jellesed

RE/MAX Platinum

541-734-5500

Last updated:

March 12, 2026, 05:00 PM

MLS#

220208089

Source:

OR SOMLS

About This Home

248 South Street

Well-located 9-unit multifamily investment in Butte Falls offering immediate cash flow w/value-add upside. The property consists of three two-story buildings totaling approx. 6,200 SF on an ±0.43 acre parcel. Unit mix includes 1 and 2 bedroom units w/separate gas and electric meters, on-site storage sheds, and ample off-street parking. Currently 7 of 9 units occupied, providing in-place income with near-term upside through lease-up of two vacant units. One vacant unit requires routine make-ready only (carpet and interior paint). Several long-term tenants support stable rental demand. A portion of the income is HUD-subsidized, offering reliable rent payments and downside protection. No HOA. Public utilities. Professionally managed. Pricing reflects current occupancy and market conditions, creating an attractive entry point for investors seeking steady cash flow w/upside through lease-up and operational optimization. Do not disturb tenants. Financials & rent roll avail. upon request.

Home Facts

Multi-Family

Built in 1999

Subdivision & Development:

N/A

Price Summary

625,000

$100 per Sq. Ft.

MLS #:

220208089

Last Updated:

March 12, 2026, 05:00 PM

Added:

a year ago

Rooms & Interior

Interior

Living Area:

6,200 Sq. Ft.

Structure

Structure

Architectural Style:

Northwest

Building Area:

6,200 Sq. Ft.

Year Built:

1999

Lot

Lot Size (Sq. Ft):

18,730

Finances & Disclosures

Finances

Price:

$625,000

Price per Sq. Ft:

$100 per Sq. Ft.

Source:OR SOMLS
The information being provided by Oregon Data Share is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Oregon Data Share All rights reserved. OR SOMLS Member Broker: Gregg Lane

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.