$1650000
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Bed
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Bath
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4554 SqFt
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2 DOM
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Built: 2020
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Status: Active
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Exceptional Mixed-Use Investment Opportunity in the Heart of Cottage Grove! Built by JDL Construction in late 2020, this nearly new development includes a fully rented triplex and a separate commercial building, offering immediate income, long-term stability, and strong investment potential. The triplex features two 575 sq ft 1 bed / 1 bath apartments on the ground level, each equipped with stainless steel appliances and stackable washer/dryers. Above is a stunning 1,704 sq ft penthouse accessed by a private elevator inside the attached two-car garage. This luxurious residence offers 2 bedrooms, 2 bathrooms, an office, indoor laundry, and a large walk-in closet. The chef’s kitchen includes two refrigerators, stainless appliances, gas range, quartz countertops, and custom cabinetry. Additional highlights include wide-plank oak flooring, heated tile floors, custom lighting, on-demand hot water, and large picture windows overlooking Coiner Park. The Trex front deck with decorative wrought iron railing spans the length of the penthouse and is accessible through French doors from the primary suite and living room. The separate 1,700 sq ft commercial building is leased with 8 years remaining, providing stable, long-term income. It features ADA compliance, off-street parking, bay door access, ductless HVAC, two bathrooms, conference room, storage room, and front lobby. An electronic wrought iron gate separates the residential and commercial spaces. With existing tenants and strong rental demand, this property offers excellent income potential and future CAP rate upside. Live in the penthouse while generating rental income, or maintain it as a fully functioning investment property. Additional benefit: transferable tax deferral with approximately 4 years remaining, resulting in property taxes of only $756 per year. Prime location, just minutes to I-5 and historic downtown district. A rare opportunity to own one of the best commercial lots on Main Street with built-in income!
Listing Provided Courtesy of Lindsay Martinez, Wonderland Realty LLC
General Information
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330251327
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Commercial
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2 DOM
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0.35 acres
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4554
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2020
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C2P
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Lane
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0898831
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CommercialSale
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Commercial
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TL 06500
Listing Provided Courtesy of Lindsay Martinez, Wonderland Realty LLC
PDXA1 Realty Group data last checked: Mar 12, 2026 00:12 | Listing last modified Mar 10, 2026 14:56,
Source:
Residence Information
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-
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4554
-
-
-
-
-
-
-
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Flat,Metal
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-
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OnSite,Secured
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2
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2020
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No
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-
-
-
-
-
-
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Features and Utilities
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-
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HeatPump, MiniSplit
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Ductless, HeatPump
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PublicSewer
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Electricity, Gas
Financial
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756.61
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-
-
-
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Cash,Conventional
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03-10-2026
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No
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No
Comparable Information
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2
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2
-
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Cash,Conventional
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$1,650,000
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$1,650,000
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-
Mar 10, 2026 14:56
Schools
Map
Listing courtesy of Wonderland Realty LLC.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Mar 12, 2026 00:12 | Listing last modified Mar 10, 2026 14:56.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
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