$3500000
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2 Bed
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2 Bath
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2000 SqFt
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36 DOM
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Built: 2025
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Status: Active
Love this home?
This is more than just an opportunity; this is an asset that'll keep paying out for years to come. Be an investor with these brand spanking new 8 apartments and 4-8 retail/business offices in downtown Gervais. Luxury Apartments are 1,000 sqft 9' ceilings and feature beautiful kitchens, LVP flooring, granite countertops, stainless steel appliances, 2 bedroom, 2 baths with air-conditioning, washer/dryer hookup, balcony, and storage. The ground-level 4 unit retail/offices can be split from 2,000 sq-ft to 1,000 or even smaller to rent out, could be a hair salon, nails, chiropractic office, or accountant office, bring your dream and your ideas. The parking lot is also big enough to rent out to culinary food trailers/trucks. There is also an area on the south side of the parking lot that is approved for an 800sqft commercial building thats already plumbed for water and sewer.This is a "Gold Mine" of opportunity. Minutes from I-5, between Portland and Salem. Gervais is such a great community and has grown substantially in the last few years, having its own schools, Elementary up through High School. Seller is also willing to carry a contract on this for 20 years with a sizable down payment. The projected yearly gross income is over 300k. The estimated time of completion is July. Super easy access to I-5 in Woodburn, which is smack-dab in the middle between Portland and Salem. Don't let this phenomenal opportunity pass this up.
Listing Provided Courtesy of Patrick Ledbetter, Premiere Property Group, LLC
General Information
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594412183
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36 DOM
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2
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0.46 acres
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2
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2000
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2025
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COM
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Marion
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599287
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Gervais
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Gervais
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Gervais
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MultiFamily
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GERVAIS LOTS 6 & 7 BLK 35 ANNEXATION NO 86-463 ANNEXATION NO 92-6
Listing Provided Courtesy of Patrick Ledbetter, Premiere Property Group, LLC
PDXA1 Realty Group data last checked: Jul 11, 2025 17:42 | Listing last modified Jul 02, 2025 10:54,
Source:
Residence Information
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-
-
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2000
-
-
-
-
2
-
-
-
2
-
Composition
-
-
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Assigned,Paved
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3
-
2025
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No
-
-
LapSiding
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None
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-
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None
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Slab
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Features and Utilities
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-
-
-
-
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WallUnit
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Electricity
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WallHeater
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PublicSewer
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Electricity
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Electricity
Financial
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520.9
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MaintenanceGrounds
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-
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CallListingAgent,Cash,Contract,Conventional,FHA,OwnerWillCarry
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05-27-2025
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-
No
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No
Comparable Information
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36
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45
-
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CallListingAgent,Cash,Contract,Conventional,FHA,OwnerWillCarry
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$3,500,000
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$3,500,000
-
-
Jul 02, 2025 10:54
Schools
Map
Listing courtesy of Premiere Property Group, 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: Jul 11, 2025 17:42 | Listing last modified Jul 02, 2025 10:54.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Venkat is a very good negotiator. He was quick to respond, when I had questions. He came to all the meetings with the seller and provided valuable inputs on inspections and mortgage options. Overall, I was impressed and would love to work with him again.
— Jagathishp
Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.
— Vignesh Chan
Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.
— Praveen
Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
— Alishetty
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.
— Ramren Garajan
Thinking about buying or selling. Let’s Talk.
Whether you’re looking to buy your dream home, sell your property for the best price, or explore investment opportunities, PDXA1 Realty Group is here to help. With expertise, personalized service, and a commitment to your goals, we’ll guide you every step of the way. Contact us today at (971) 330-1856 let’s start the conversation!
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