$ 399,000
-
$399,000
Price -
2
Bed -
2
Bath -
0
SqFt
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About the Listing 7CAH01 - DONNELLM,ALCANTAL
Classic 1925 bungalow charm meets dependable income potential in this thoughtfully maintained duplex in The Dalles. Currently configured as two units, the upper level offers a 1-bedroom plus an office or small bedroom, 1-bath residence, while the lower level provides a comfortable 1-bedroom, 1-bath unit with separate living quarters in a finished basement space. Whether you continue operating as a duplex or explore conversion to a single-family home with an attached ADU, the flexibility here is exceptional.Situated on a 5,000–6,999 sq ft lot in the Dry Hollow neighborhood, the property features territorial views, terraced landscaping, mature trees, and a charming pond that creates a peaceful outdoor setting. Driveway and on-street parking add convenience, while public water and sewer simplify ownership.Key system updates include a newer composition roof (approximately five years old) and an efficient heat pump providing both heating and cooling . The home is in solid, good condition — well cared for and functional — offering opportunity for cosmetic refinement over time without immediate major capital improvements.Financially, this is a compelling small multifamily asset. The property generates $36,000 annually in gross income with a reported net operating income of $27,220 and a 6.82% cap rate at the current price Tenants are month-to-month, allowing immediate income with flexibility for repositioning, owner occupancy, or rent optimization.Properties of this scale remain highly desirable for investors seeking manageable, two-stream income, as well as buyers looking to offset a mortgage with rental revenue. Character, versatility, and solid numbers combine here to create a property that feels approachable yet strategic — a rare balance in today’s market.
Listing Highlights
Status
Active
Days on Site
12
Property Type
Multi-Family
MLS ®
509463847
Year Built
1925
Total Square Footage
0
Lot/Acreage
0.12
Interior Details
- Bedrooms: 2
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Heat Pump
- Heating: Heat Pump
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished,Full Basement,Separate Living Quarters/Apartment/Aux Living Unit
- Other:
- Water: Public Water
Exterior Details
- Lot Description: Level,Pond,Terraced,Trees
- Garage Capacity: N/A
- Zoning: R1
- Roof: Composition
- Others: Approximately
- Sewer: Public Sewer
- Parking Features: Driveway,On Street
Financial Details
- Tax Amount: $2,157
- Taxes w/Assessments: N/A
- Tax/Property ID: 6126
- Tax Year: N/A
Payment Calculator
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Questions About..
1514 E 14th St The Dalles, OR 97058
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