Property Details
314 Columbia Street
Milton-Freewater, OR 97862
$350,000
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Property Overview
This well-maintained triplex in the heart of Milton-Freewater is easy to keep tenants in. Convenient to shopping, parks and easy access to Walla Walla or Pendleton. Each unit is fully accessible with entry ramps and roll-in showers, all appliances including washer/dryer. The end units share the large deck and all units share the yard. Two units are recently updated. This would be an easy way for a first time buyer to get into the market with rent from two units to help cover the mortgage payments. Great for investors; potential as a short term rental-VRBO/Airbnb.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Umatilla
Neighborhood
Oregon
Listed
Mar 3, 2026
Financial Summary
Cap Rate
3.00%
Net Operating Income
$10,900
Gross Scheduled Income
$21,900
Gross Rent Multiplier
15.98
Total Expenses
$38,146
Building & Use
Building Sq Ft
2,194
Leasable Area
2,194 sqft
Total Units
3
Lot Size
10,019 sqft
Year Built
1980
Exterior & Lot
Lot Size
0.23 sqft
Year Built
1980
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot
Exterior Features
Wood Products
Location
City
Milton-Freewater
County
Umatilla
Coordinates
45.93208, -118.38848
Additional Information
Tax Year
2025
Annual Taxes
$34,600
Possession
Array
