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Active
  • $425,000

    118 Engle Ave, Molalla, OR 97038

    3beds
    1,752sqft
    : 
    Multi Family
    Built in 1978
    -- sqft lot
    $-- Zestimate®
    $243/sqft
    $-- HOA

    What's special

    Private office spacePrivate entrancesCozy bedroomSpacious commercial unitPrivate bathroomSalon-style suites
    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!
    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#: 576668239MLS Logo
    Travel times

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    Next available tour time:Today at 11:30am

    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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