$1,250,000
Toledo, OR 97391
MLS# LC-97681
Status: Closed
23 beds | 13 baths | 17622 sqft
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Property Description
This commercial property in the historic Downtown Toledo area features 3 store front spaces on the ground floor with Main St. frontage, ten apartments, and a parking garage. The building was constructed in 1920 and fully update in 1997. Located just minutes from the beautiful Yaquina River and only seven miles from Newport. 7.6% cap rate. Shown by appointment only, please do not disturb tenants.
Details
Maps
Documents
Status Change Information
Status Change Timestamp: 2023-01-19
Purchase Contract Date: 2022-11-18
Close Date: 2023-01-19
Close Price: 1250000
Tax & Legal
CC&R's: No
Interior
Basement YN: Yes
Living Area Source: Assessor
Main Floor Living: No
Bedrooms Total: 23
Bathrooms Total: 13
Living Area: 17622
Building
Year Built Details: Remodeled 1997
Year Built: 1920
Lot
Lot Size Dimensions: 100x94
Lot Size Acres: 0.22
Lot Size Square Feet: 9583.2
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Water Available: 1
Remarks
Lincoln Public Historical Details: Expenses: 33500, Unit 7: Unit Number: 207,Beds: 1,Baths: 1,Rent: 850,SQFT: 735,Furnished: Unfurnished, Unit 8: Unit Number: 208,Beds: 1,Baths: 1,Rent: 800,SQFT: 960,Furnished: Unfurnished, Unit 9: Unit Number: 209,Beds: 2,Baths: 1,Rent: 1000,SQFT: 1105,Furnished: Unfurnished, Unit 10: Unit Number: 210,Beds: 2,Baths: 1,Rent: 1225,SQFT: 1462,Furnished: Unfurnished, Unit 11: Unit Number: Laundry,Rent: 80,SQFT: 100,Furnished: Unfurnished, Unit 12: Unit Number: Storage,Rent: 30,SQFT: 96,Furnished: Unfurnished
Appliances
Dishwasher: 1
Electric Oven: 1
Electric Range: 1
Refrigerator: 1
Water Heater: 1
Architectural Style
Traditional: 1
Building and Property Details
Exterior Color: Brick/Cedar
Construction Materials
Shake Siding: 1
Stucco: 1
Flooring
Carpet: 1
Vinyl: 1
Foundation Details
Slab: 1
Heating
Electric: 1
Zoned: 1
Levels
Multi/Split: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Other Structures
None: 1
Parking Features
Attached Garage: 1
Possession
Subject To Tenant Rights: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Membrane: 1
Sewer
Public Sewer: 1
Water Heater
Gas: 1
Water Source
Public: 1
Window Features
Window Treatments: 1
Income and Expenses
Gross Income: 135000
Unit Five
Unit Number: 205
Beds Total: 1
Baths Total: 1
Living Area: 758
Furnished: Unfurnished
Actual Rent: 750
Unit Four
Unit Number: 204
Beds Total: 2
Baths Total: 1
Living Area: 1616
Furnished: Unfurnished
Actual Rent: 1100
Unit One
Unit Number: 201
Beds Total: 1
Baths Total: 1
Living Area: 864
Furnished: Unfurnished
Actual Rent: 950
Unit Six
Unit Number: 206
Beds Total: 1
Baths Total: 1
Living Area: 841
Furnished: Unfurnished
Actual Rent: 750
Unit Three
Unit Number: 203
Beds Total: 2
Baths Total: 1
Living Area: 1616
Furnished: Unfurnished
Actual Rent: 875
Unit Two
Unit Number: 202
Beds Total: 2
Baths Total: 1
Living Area: 936
Furnished: Unfurnished
Actual Rent: 1000
Additional Tax and Location Information
Highway 101: N/A
Neighborhood Code: T215
Property Tax ID #: R441514
Subdivision Block: 12
Subdivision Parcel/Lot: 5&6
Subdivision Phase/Addition: 5
Tax District: 203
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Call Listing Office: 1
Historical Details
Historical MLS Number: 22-2342
Listing Information
Listing Association Name: Lincoln County BOR
Property Sub Type: Multi Family
Address
Street Number: 170
Street Direction Prefix: N
Street Name: Main
Street Suffix: Street
County: Lincoln
State: OR
Postal Code: 97391
Directions: Hwy 20 East to Toledo Junction to main street to address.
Cross Street: Toledo Junctions
Parcel Number: 111017BB-13200-00
Contract
Current Price: $1,250,000
Status: Closed
Begin Date: 2022-11-15
Sold Price: $1,250,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Tax Legal
Subdivision Name: Graham's - Toledo
Tax Annual Amount: 8615.52
Tax Year: 2022
Zoning: C - Commercial
Tax Lot: 13200
Tax Map Number: 111017BB
AssociationCommunity
Number of Units: 13
Parking Information
Garage YN: 1
Parking Total: 10
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Water Available; Electricity Connected; Natural Gas Connected; Water Available
Appliances: Dishwasher; Electric Oven; Electric Range; Refrigerator; Water Heater
Architectural Style: Traditional
Construction Materials: Shake Siding; Stucco
Flooring: Carpet; Vinyl
Foundation Details: Slab
Heating: Electric; Zoned
Levels: Multi/Split
Listing Terms: 1031 Exchange; Cash; Conventional
Other Structures: None
Parking Features: Attached Garage
Possession: Subject To Tenant Rights
Road Surface Type: Paved
Roof: Composition; Membrane
Sewer: Public Sewer
Water Heater: Gas
Water Source: Public
Window Features: Window Treatments
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Office
Plat Map - Public Listing Office: Taylor & Taylor Realty Company
Office Email: rebroker.geraldaldrich@gmail.com
Last Updated: December - 13 - 2025
Information deemed reliable but not guaranteed.