$399000
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2 Bed
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2 Bath
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1180 SqFt
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2 DOM
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Built: 1925
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Status: Active
Love this home?
Classic 1925 bungalow charm meets dependable income potential in this thoughtfully maintained duplex in The Dalles. Currently configured as two units, the upper level offers a 1-bedroom plus an office or small bedroom, 1-bath residence, while the lower level provides a comfortable 1-bedroom, 1-bath unit with separate living quarters in a finished basement space. Whether you continue operating as a duplex or explore conversion to a single-family home with an attached ADU, the flexibility here is exceptional.Situated on a 5,000–6,999 sq ft lot in the Dry Hollow neighborhood, the property features territorial views, terraced landscaping, mature trees, and a charming pond that creates a peaceful outdoor setting. Driveway and on-street parking add convenience, while public water and sewer simplify ownership.Key system updates include a newer composition roof (approximately five years old) and an efficient heat pump providing both heating and cooling . The home is in solid, good condition — well cared for and functional — offering opportunity for cosmetic refinement over time without immediate major capital improvements.Financially, this is a compelling small multifamily asset. The property generates $36,000 annually in gross income with a reported net operating income of $27,220 and a 6.82% cap rate at the current price Tenants are month-to-month, allowing immediate income with flexibility for repositioning, owner occupancy, or rent optimization.Properties of this scale remain highly desirable for investors seeking manageable, two-stream income, as well as buyers looking to offset a mortgage with rental revenue. Character, versatility, and solid numbers combine here to create a property that feels approachable yet strategic — a rare balance in today’s market.
Listing Provided Courtesy of Molly Whiteman, Cascade Hasson Sotheby's International Realty
General Information
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509463847
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2 DOM
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2
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5227.2 SqFt
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2
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1180
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1925
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R1
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Wasco
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6126
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Dry Hollow
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The Dalles
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The Dalles
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MultiFamily
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SECTION 11 TOWNSHIP 1N RANGE 13E QUARTER BB PRCL 7900 MAPTAX LOT:
Listing Provided Courtesy of Molly Whiteman, Cascade Hasson Sotheby's International Realty
PDXA1 Realty Group data last checked: Mar 07, 2026 07:21 | Listing last modified Feb 20, 2026 15:24,
Source:
Residence Information
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-
-
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1180
-
-
-
-
2
-
-
-
2
-
Composition
-
-
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Driveway,OnStreet
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2
-
1925
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No
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WoodSiding
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Finished,FullBasement,SeparateLivingQuartersApartmentAuxLivingUnit
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-
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Finished,FullBasemen
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ConcretePerimeter,Sl
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Features and Utilities
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-
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-
-
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HeatPump
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Electricity
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HeatPump
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PublicSewer
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Electricity
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Electricity, Gas
Financial
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2157.42
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0
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Electricity,Gas,Sewer,Water
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-
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Cash,Conventional,VALoan
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02-18-2026
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-
No
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No
Comparable Information
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2
-
17
-
-
Cash,Conventional,VALoan
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$399,000
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$399,000
-
-
Feb 20, 2026 15:24
Schools
Map
Listing courtesy of Cascade Hasson Sotheby's International Realty.
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 07, 2026 07:21 | Listing last modified Feb 20, 2026 15:24.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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