photo 1: 306 NW 1ST ST, Enterprise OR 97828

Listing courtesy of Real Estate Associates.

Active

306 NW 1ST ST, Enterprise OR 97828

$449,000

Price

1

Bed

2

Baths

1,180

Sq. Ft.

Charming Investment Property Zoned for Short-Term Rentals in Downtown EnterpriseLocation: Nestled just minutes from downtown Enterprise, this property is ideally zoned for short-term rentals, making it a prime opportunity for both tourists and business travelers. Whether you're looking for a vacation rental investment or a property with steady income potential, this location offers exceptional appeal.**Property Setup:** This versatile property features two separate units:- **1-bedroom, 1-bath** unit- **studio with a bath** Perfect for renting one unit and living in the other, or renting both units for maximum income potential. The flexible layout offers endless opportunities.**Income Potential:** With a proven rental history and current cap rate of over 8%, this property offers a reliable and solid return on investment. It's a great choice for those looking to add a profitable short-term rental to their portfolio or enter the rental business.**Extras:** - **Two-car garage** for added convenience - **Additional shed** for extra storage - Ample space for **boat and RV parking**, appealing to renters with recreational vehicles. These features not only enhance the property's usability but also add significant value for renters, increasing overall appeal.**Growth Potential:** The property has notable **growth potential**, with opportunities to increase revenue through strategic pricing or upgrades. The increasing demand for short-term rentals in this area makes it an ideal choice for capitalizing on future trends.**Don't miss out on this exceptional investment opportunity**—contact us today to schedule a showing!

Listing Type

Residential

Property Type

SingleFamilyResidence

Built Year

2008

Levels

1

Price/Sqft

--

Lot Size Acre

0.19

Status

Active

Days on Realoq

74

Living Area

1,180 Sq. Ft.

Lot Size Sqft

8,276 Sq. Ft.

Location

Fireplace
  • No
Fireplace Features
  • Propane, Stove
Interior Features
  • CeilingFan, Furnished, Granite, LaminateFlooring
Cooling Features
  • MiniSplit
Heating Features
  • Ductless, MiniSplit, Zoned
Appliances
  • Dishwasher, FreeStandingRange, FreeStandingRefrigerator, Granite, Microwave, StainlessSteelAppliance
Agent

Robin Despain

Brokerage

Real Estate Associates

Source AOR

Wallowa

Listing ID #

157984943

This content last updated on 06/04/2025 04:46 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Realoq Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS, Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on 06/04/2025 04:46 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Listing content is © 2025 RMLS, Portland, Oregon.

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