1308 E MAIN ST, Cottage Grove, OR 97424
- $1,650,000
- 4,554
- SqFt
- List Price
- $1,650,000
- Days on Market
- 139
- MLS#
- 286066990
- Property Type
- Multifamily
- Sqft. of Residence
- 4,554
- Lot Size
- 10, 000 to 14, 999 SqFt
- Region
- Lane Co: South Lane Properties
- Status
- PENDING
Property Description
Exceptional Mixed-Use Investment Opportunity in the Heart of Cottage Grove! Built by JDL Construction in late 2020, this nearly new development includes a fully rented triplex and a separate commercial building, offering immediate income, long-term stability, and strong investment potential. The triplex features two 575 sq ft 1 bed / 1 bath apartments on the ground level, each equipped with stainless steel appliances and stackable washer/dryers. Above is a stunning 1,704 sq ft penthouse accessed by a private elevator inside the attached two-car garage. This luxurious residence offers 2 bedrooms, 2 bathrooms, an office, indoor laundry, and a large walk-in closet. The chef’s kitchen includes two refrigerators, stainless appliances, gas range, quartz countertops, and custom cabinetry. Additional highlights include wide-plank oak flooring, heated tile floors, custom lighting, on-demand hot water, and large picture windows overlooking Coiner Park. The Trex front deck with decorative wrought iron railing spans the length of the penthouse and is accessible through French doors from the primary suite and living room. The separate 1,700 sq ft commercial building is leased with 4 years remaining, providing stable, long-term income. It features ADA compliance, off-street parking, bay door access, ductless HVAC, two bathrooms, conference room, storage room, and front lobby. An electronic wrought iron gate separates the residential and commercial spaces. With existing tenants and strong rental demand, this property offers excellent income potential and future CAP rate upside. Live in the penthouse while generating rental income, or maintain it as a fully functioning investment property. Additional benefit: transferable tax deferral with approximately 4 years remaining, resulting in property taxes of only $756 per year. Prime location, just minutes to I-5 and historic downtown district. A rare opportunity to own one of the best commercial lots on Main Street with built-in income!
/u.realgeeks.media/4-everhomes/image_(2).png)
Additional Information
- Tax Amount
- $756
- Year Built
- 2020
- High School
- Cottage Grove
- Elementary School
- Bohemia
- Middle School
- Lincoln
- Garage Spaces
- 2
- Living Area
- 4,554
- Stories
- 2
- Terms
- Cash, Conventional
- Cooling Description
- Mini Split
- Fuel Description
- Electricity, Gas
- Heating Description
- Ductless
- Hoa Rent Includes
- None
- Hot Water Description
- Gas, Tankless
- Exterior Description
- Stucco
- Roof Type
- Flat, Metal
- Sewer Description
- Public Sewer
- View
- City, Mountain(s), Park/Greenbelt
- Parking
- Off Street, Secured
- Security Or Entry
- Fire Sprinkler System, Handicap Access, Security Gate, Security System Owned
- Parking Description
- Off Street, Secured
- Covenants/Restrictions
- Yes
- Road Surface
- Paved
- Number Of Units Total
- 4
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 1
- Unit Type One Rent
- 1200
- Unit Type One Sq Ft
- 575
- Unit Type One Units Total
- 2
- 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 Rent
- 2750
- Unit Type Three Sq Ft
- 1700
- Unit Type Three Units Total
- 1
Mortgage Calculator
Listing courtesy of Wonderland Realty LLC.
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.