Versatile Commercial Property with Two Apartments In A Prime Location! Incredible investment opportunity in a bustling 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!
Active
$425,000
118 Engle Ave, Molalla, OR 97038
3beds
1,752sqft
Est.:
Multi Family
Built in 1978
-- sqft lot
$-- Zestimate®
$243/sqft
$-- HOA
What's special
Private office spacePrivate entrancesCozy bedroomSpacious commercial unitPrivate bathroomSalon-style suites
- 5 days
- on Zillow |
- 391 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: August 15, 2025 at 08:17am
Listed by:
Nick Shivers 503-594-0805,
Keller Williams PDX Central,
Marcus Winklepleck 503-849-9846,
Keller Williams PDX Central
Source: RMLS (OR),MLS#: 576668239

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Zoned
Cooling
- Wall Unit(s)
Appliances
- Included: Electric Water Heater
Interior area
- Total structure area: 1,752
- Total interior livable area: 1,752 sqft
Property
Parking
- Total spaces: 7
- Parking features: Off Street
Features
- Stories: 1
Lot
- Size: 6,098.4 Square Feet
- Dimensions: 50 x 120
- Features: Level, SqFt 5000 to 6999
Details
- Parcel number: 01099028
- Zoning: Comm
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Roof: Composition
Condition
- Existing
- Year built: 1978
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Molalla
Financial & listing details
- Price per square foot: $243/sqft
- Annual tax amount: $3,562
- Date on market: 8/15/2025
- Listing terms: Cash,Conventional
- Total actual rent: 3315
- Road surface type: Paved
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