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721 Cole Rd, 
Oakland, OR 97462

$585,000


Bed


Bath


1,697

Sq Ft


Multi-Family

Active

Listed by

Mary Gilbert

Deidre Jovin

Keller Williams Southern Oregon-Umpqua Valley

541-529-2320

Last updated:

May 19, 2026, 12:27 PM

MLS#

370746329

Source:

PORTLAND

About This Home

721 Cole Rd

Welcome to 721 Cole Rd in beautiful Oakland, OR—a rare opportunity to own a charming multi-family property on 9.78 acres of serene, usable land. This creek frontage property includes water irrigation rights from Calapooya Creek and a peaceful pond with small mouth bass, creating a tranquil setting. The main home offers 737 sqft of cozy living space with 2 bedrooms and 1 bathroom. Inside, warm wood floors and vaulted ceilings create an inviting atmosphere, while a brand-new pellet stove adds warmth and charm. Enjoy the covered porch with cobblestone accents or relax on the back deck, ideal for morning coffee or unwinding. The kitchen is fully equipped with modern appliances, including a fridge, range, dishwasher, microwave, and pantry, plus a convenient laundry area with a washer/dryer combo. In addition, the property features a delightful second home at 695 Cole Rd—a whimsical 1-bed, 1-bath cottage with board and batten siding and a wrap-around concrete porch. Inside, a cozy new wood stove and beautiful wood accents, including tongue and groove ceilings and log-style details, add rustic character. The kitchen includes a fridge, range, and portable dishwasher, with laundry hookups and a finished attic space enhancing functionality. Beyond the homes, this property is a gardener’s paradise and ideal for hobby farmers. It includes a large 2 story barn, 3 medium and 2 commercial-size hoop houses, and a greenhouse—perfect for year-round growing. A 90x30 garden with berries and vegetables is supported by an efficient drip irrigation system. There’s ample space for RV parking and three gated entrances for easy access and privacy. Plus, enjoy reliable DFN fiber internet in this peaceful country setting. This unique property combines comfortable living with abundant outdoor amenities, offering versatility for multi-generational living, hobby farming, or simply enjoying a serene lifestyle surrounded by nature.

Home Facts

Multi-Family

Built in 1953

Price Summary

585,000

$344 per Sq. Ft.

MLS #:

370746329

Last Updated:

May 19, 2026, 12:27 PM

Added:

8 month(s) ago


Rooms & Interior

Interior

Living Area:

1,697 Sq. Ft.


Structure

Structure

Building Area:

1,697 Sq. Ft.

Year Built:

1953


Lot

Lot Size (Sq. Ft):

426,016


Finances & Disclosures

Finances

Price:

$585,000

Price per Sq. Ft:

$344 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 Professional Group are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: May 19, 2026

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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.