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118 Engle Ave, 
Molalla, OR 97038

$425,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Nick Shivers

Marcus Winklepleck

Keller Williams Pdx Central

503-548-4848

Last updated:

November 23, 2025, 05:52 AM

MLS#

576668239

Source:

PORTLAND

About This Home

118 Engle Ave

*The Commercial unit rent increase to $1,400 coming Jan. 1, 2026! Versatile Investment Property with Two Apartments, 1 commercial unit In A Prime Location! Incredible investment opportunity in a buzzing commercial corridor! This unique property offers the best of both worlds. There's a spacious commercial unit currently with two 26’x16’ salon-style suites, each equipped with a closet and private bathroom, plus an additional private office space. This commercial section features a separate entrance to maintain business privacy and flow. Additionally, there are two charming 1-bedroom apartments with their own private entrances, perfect for owner-occupancy or tenant rental. The residential units include living room/kitchens, a cozy bedroom, and a bathroom with a walk-in shower making this an ideal setup for live/work flexibility or added passive income. Strategically located in a high-traffic area, close to public transportation, and surrounded by thriving local businesses, it's the perfect setup to draw in clientele and benefit from surrounding activity. Zoned for various commercial uses – confirm specifics with the city. Don’t miss this chance to establish your business or expand your portfolio with a multi-use, income-producing property in a high-demand area!

Home Facts

Multi-Family

Built in 1978

Price Summary

425,000

MLS #:

576668239

Last Updated:

November 23, 2025, 05:52 AM

Added:

3 month(s) ago


Structure

Structure

Year Built:

1978


Lot

Lot Size (Sq. Ft):

6,098


Finances & Disclosures

Finances

Price:

$425,000

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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 Valley Brokers 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: November 23, 2025

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