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503-935-2560
Smira Group
430 METZLER ST, Molalla, OR 97038
- $1,000,000
- 6,500
- SqFt
- Sold Price
- $1,000,000
- List Price
- $975,000
- Closing Date
- Jun 17, 2026
- Days on Market
- 64
- MLS#
- 340491813
- Property Type
- Multifamily
- Sqft. of Residence
- 6,500
- Lot Size
- 10, 000 to 14, 999 SqFt
- Region
- Oregon City, Beavercreek, Canby, Molalla, Mulino
- Status
- SOLD
Property Description
Well-maintained 7-unit apartment community blocks from downtown Molalla situated on a clean, manicured .32 acre lot. The current ownership has executed a methodical renovation program: four of six two-bedroom units and the three bedroom unit have been updated with new cabinetry, appliances, LVP flooring, updated light fixtures, and fresh paint throughout. Units are being converted to include in-unit laundry on each turnover, with 5/7 already complete. The two-story 2 bedroom floor plans are spacious with carpeted living areas, bedroom-level separation, and sliding glass doors opening to private concrete back patios on each unit. This is an excellent operational value-add play by implementing utility bill-backs (RUBS) and getting rents to market. A short path to filling the remaining vacancy proposes a rent roll of $9,685/mo.
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Additional Information
- Tax Amount
- $9,133
- Year Built
- 1977
- High School
- Molalla
- Elementary School
- Molalla
- Middle School
- Molalla River
- Acres
- 0.32
- Living Area
- 6,500
- Stories
- 2
- Terms
- Cash, Conventional
- Fuel Description
- Electricity
- Heating Description
- Wall Heater
- Hoa Rent Includes
- Maintenance Grounds, Sewer, Trash Collection, Water
- Exterior Description
- Vinyl Siding
- Sewer Description
- Public Sewer
- Number Of Units Total
- 7
- Unit Type One Baths Total
- 2
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1070
- Unit Type One Sq Ft
- 900
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 2
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 2
- Unit Type Three Beds Total
- 2
- Unit Type Three Sq Ft
- 900
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 2
- Unit Type Four Beds Total
- 2
- Unit Type Four Rent
- 1300
- Unit Type Four Sq Ft
- 900
- Unit Type Four Units Total
- 1
- Unit Type Five Rent
- 1405
- Unit Type Five Sq Ft
- 900
- Unit Type Five Units Total
- 1
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Listing courtesy of Constant Commercial Real Estate Inc. Selling Office: RE/MAX Equity Group.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. 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.