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306 NW 1st St, 
Enterprise, OR 97828

$449,000


1

Bed


2

Baths


1,180

Sq Ft


Single Family

Pending

Listed by

Robin Despain

Real Estate Associates

541-432-4060

Last updated:

June 9, 2025, 05:21 PM

MLS#

157984943

Source:

PORTLAND

About This Home

306 NW 1st St

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!

Home Facts

Single Family

2 Baths

1 Bedroom

Built in 2008

Price Summary

449,000

$380 per Sq. Ft.

MLS #:

157984943

Last Updated:

June 9, 2025, 05:21 PM

Added:

2 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

1

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,180 Sq. Ft.


Structure

Structure

Architectural Style:

Cabin, Log

Building Area:

1,180 Sq. Ft.

Year Built:

2008


Lot

Lot Size (Sq. Ft):

8,276


Finances & Disclosures

Finances

Price:

$449,000

Price per Sq. Ft:

$380 per Sq. Ft.

MLS Logo
All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Coldwell Banker Cutting Edge are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2025 RMLS, Portland, Oregon. Last updated: June 9, 2025

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