Commercial/residential opportunity!!! Historical Craftsman in process of remodel-1920 house in town but nestled among mature landscaping. Zoned Commercial. Many possibilities!! Run your business, or short term rental (which is allowed in Toledo-but do your due diligence) or set up your residence. Roomy sq footage, open floor plan. Many updates: electrical, plumbing, flooring and appliances, tub, some fixtures! Walk to restaurants on main street. House near super market, library, and pool. Price was lowered by 100K. Being sold as is. Possibility of basement conversion to rental unit. According to ARV that was completed by a lender finished value of home is approx $485K
Closed
$387,900
261 NE 1st St, Toledo, OR 97391
4beds
3baths
2,425sqft
Single Family Residence
Built in 1920
9,583.2 Square Feet Lot
$398,400 Zestimate®
$160/sqft
$2,819 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 23, 2025 at 07:13am
Listed by:
Theresa Neimann 503-812-0191,
Emerald Coast Realty - Toledo
Bought with:
Theresa Neimann, 201237599
Emerald Coast Realty - Toledo
Source: OCMLS,MLS#: 23-1554

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Appliances
- Included: Water Heater
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,425
- Total interior livable area: 2,425 sqft
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Patio & porch: None
- Has view: Yes
- View description: None
- Frontage type: None
Lot
- Size: 9,583 sqft
- Features: Irregular Lot
Details
- Additional structures: None
- Parcel number: 111017BB1220000
- Zoning description: C - Commercial
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Year built: 1920
Utilities & green energy
- Water: Public
Community & neighborhood
Location
- Region: Toledo
- Subdivision: Toledo 4th Addition
HOA & financial
HOA
- Has HOA: No
Other
Other facts
- Road surface type: Paved
Services availability

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