Courtesy: Copper West Real Estate
541-386-2330
Wonderful old Victorian house with lots of character. Built in 1893 and converted into a 5 unit apartment with great rental history. Four units are 1 bedroom, 1 bath and One unit is a studio with bath. The detached garage is also currently rented for $500/month and a coin-op laundry in the basement. Very convenient to downtown The Dalles yet situated in a nice quiet neighborhood with old town charm.
Courtesy: Don Nunamaker
541-386-4400
Two adjoining parcels available for sale, offering a rare opportunity to acquire a turnkey, income-producing multi-family portfolio in the heart of The Dalles. The package includes two standalone single-family rental homes and a 4-plex, providing diverse income streams and long-term investment potential. A unique advantage to this offering is the potential ability to finance the parcels separately, which may allow buyers to obtain traditional residential financing rather than commercial financing, depending on lender approval. The property offers off-street tenant parking with alley access, along with a shared coin-operated laundry area located in the basement for tenant convenience.
Courtesy: Cascade Hasson Sotheby's International Realty
541-716-0701
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.
Courtesy: The Broker Network, LLC
503-928-5606
Welcome to "Emerson Cottages", a 17-unit turnkey gem in the heart of The Dalles, Oregon. This charming cluster of duplex cottages isn't just an investment, its a community. Sixteen of the units are two-bedroom, one-bath layouts with open kitchens and living areas, perfect for modern living with vintage charm. There is one studio unit that is currently used as an office (currently not rented), it can either generate additional rental income or offset costs for an on-site manager, flexibility that adds real value. The property is in good condition, with systematic upgrades completed as units are vacated, while additional upside exists for an investor ready to enhance the remaining units. Emerson Cottages meets the growing demand for quality housing in the area. Some units offer breathtaking views of the surrounding landscape, making Emerson Cottages a picturesque place to live. Step outside and enjoy the common area that includes a play structure. There is a separate on-site coin operated laundry room, and a true community atmosphere. With an average unit size of 730 square feet, this property blends charm, comfort, presenting a cash-flowing, turnkey investment with clear upside potential through renovation and rent optimization. Property is also located in an "opportunity zone!" It is listed in commercial RMLS as well #593621914. Sellers are motivated!
The Dalles is located in Oregon. The Dalles, Oregon has a population of 15,942. The Dalles is more family-centric than the surrounding county with 31.61% of the households containing married families with children. The county average for households married with children is 30.21%.
The median household income in The Dalles, Oregon is $56,598. The median household income for the surrounding county is $57,853 compared to the national median of $69,021. The median age of people living in The Dalles is 37.7 years.
The average high temperature in July is 86.4 degrees, with an average low temperature in January of 30.1 degrees. The average rainfall is approximately 18.4 inches per year, with 13.7 inches of snow per year.
