1514 E 14TH ST, The Dalles, OR 97058
- $350,000
- List Price
- $350,000
- Price Change
- ▼ $35,000 1783909293
- Days on Market
- 161
- MLS#
- 509463847
- Property Type
- Multifamily
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Wasco Co: The Dalles
- Status
- ACTIVE
Property Description
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.
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Additional Information
- Tax Amount
- $2,157
- Year Built
- 1925
- High School
- The Dalles
- Elementary School
- Dry Hollow
- Middle School
- The Dalles
- Acres
- 0.12
- Stories
- 2
- Terms
- Cash, Conventional, VA Loan
- Cooling Description
- Heat Pump
- Fuel Description
- Electricity, Gas
- Heating Description
- Heat Pump
- Hoa Rent Includes
- Electricity, Gas, Sewer, Water
- Hot Water Description
- Electricity
- Exterior Description
- Wood Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- View
- Territorial
- Parking
- Driveway, On Street
- Security Or Entry
- None
- Parking Description
- Driveway, On Street
- Road Surface
- Paved
- Number Of Units Total
- 2
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 1
- Unit Type One Rent
- 1700
- Unit Type One Sq Ft
- 720
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 1
- Unit Type Two Units Total
- 1
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Listing courtesy of Cascade Hasson Sotheby's International Realty.
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