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147 Water Alley, 
Prairiecity, OR 97869

$265,000


2

Beds


2

Baths


2,883

Sq Ft


Single Family

Active

Listed by

Deborah Brown

Madden Realty

541-575-0990

Last updated:

January 23, 2026, 12:27 PM

MLS#

612356219

Source:

PORTLAND

About This Home

147 Water Alley

Rare Dual-Income Opportunity: (See MLS 668547505 if your interested in two commercial buildings.) Maximize your ROI with this versatile commercial-residential hybrid. This unique property features two high-visibility storefronts perfect for retail, office space, or studio use. Tucked privately behind the commercial wing is a stunning, open-concept residence currently operating as a successful rental.The living quarters boast a modern, airy layout with 2 bedrooms, 2 bathrooms, and a massive open loft upstairs—ideal for an additional sleeping area or creative studio. Guests and residents alike will enjoy the paved outdoor patio and charming low-maintenance yard, all framed by breathtaking mountain views. Whether you run your business from the front and live in the back, or rent all three units for maximum cash flow, this property is a turnkey gem.

Home Facts

Single Family

2 Baths

2 Bedrooms

Built in 1902

Price Summary

265,000

$91 per Sq. Ft.

MLS #:

612356219

Last Updated:

January 23, 2026, 12:27 PM

Added:

16 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

2,883 Sq. Ft.


Structure

Structure

Building Area:

2,883 Sq. Ft.

Year Built:

1902


Lot

Lot Size (Sq. Ft):

7,405


Finances & Disclosures

Finances

Price:

$265,000

Price per Sq. Ft:

$91 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 United Brokers 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: January 23, 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.