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 spacious 2-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… Read More 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. Read Less
Listing courtesy of Cascade Hasson Sotheby's International Realty.
Listing Snapshot
Days Online
30
Last Updated
Property Type
SingleFamilyResidence
Beds
2
Full Baths
2
Square Ft.
1,180
Lot Size
0.12 Acres
Year Built
1925
MLS Number
723056012
30 Days Snapshot Of 97058
$432k
+17%
(avg) sold price
17
+112%
homes sold
93
+25%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1925, Architectural Style: Stories2, Bungalow, Building Area Calculated: 720, Building Area Description: Other, Building Area Total: 1180, Lower Level Area Total: 460, Main Level Area Total: 720, Stories: 2
All information provided is deemed reliable but is not guaranteed and should be independently verified.
This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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