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$375,000 Just Listed

  • For Sale
  • Active
  • Business
  • Updated 1 day ago
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This versatile 4,350 sq. ft. multi-use property in historic downtown Creswell offers a unique investment opportunity with solid income from an occupied 3-bedroom, 1-bath apartment and approximately 2,640 sq. ft. of shell space ready for your vision. Featuring a newer roof and zoned for downtown commercial use-with potential conversion to residential per city guidelines-this space is perfect for investors or owner-operators looking to capitalize on Creswell's charm and growth. Formally the Historic Creswell Theater, this property combines character with flexibility in a prime location. Apartment is currently rented for $1895 a month.

Full Property Details for 187 W Oregon Ave

General

  • Price: $375,000
  • Taxes: $1,864 (2025)
  • Status: Active
  • Type: Business
  • Source: RWMLS
  • MLS ID: 754714687
  • Updated: 5/5/2026
  • Added to Site: 2 day(s) ago

Location

  • County: Lane
  • Driving Directions: I-5, west on Oregon Ave

Community

  • Community Name: 235 - Lane Co: South Lane Properties

Heating & Cooling

  • Heating Type: Wall Heater
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Roof: Flat
  • Ceiling Height: 20
  • Stories/Levels: 2
  • Square Feet: 4,370
  • Current Bldg. Use: Multi Family
  • Year Built: 1920
  • Property Condition: Existing

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size (Sq. Ft.): 4,791
  • Lot Size: 3, 000 to 4, 999 SqFt
  • Frontage: Paved

Financial Considerations

  • Operating Expenses: $5,690
  • Tax Amount: $1,864.92
  • Tax Year: 2025
  • Terms: Cash, Other

Disclosures and Reports

  • Documents Avail.: Leases, Rent Records, Tax Information
  • Legal Description: 19-03-14-24-07000
  • Property ID: 835692

Listed by United Real Estate Properties (541) 525-9060, Robert Olsen (541) 501-3939

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Listing agent

— 187 W Oregon Ave —

  • Robert Olsen

    United Real Estate Properties

    541-525-9060

simon@urepro.com

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 187 W Oregon Ave

School District:Creswell School District 40
NameGradesDistance
Creslane Elementary School
996 West A Street, Creswell, OR 97426
K-50.5 mi
Creswell Middle School
655 West Oregon Avenue, Creswell, OR 97426
6-80.3 mi
Creswell High School
33390 Niblock Lane, Creswell, OR 97426
9-120.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 187 W Oregon Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/05/2026
Listed
$375,000
87.5%
MLS
10/22/2020
Sold
$200,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 187 W Oregon Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,865
19%
$127,566
3%
2024
$1,566
-11%
$123,851
3%
2023
$1,754
15%
$120,244
13%
2021
$1,531
-3%
$106,476
-3%
2022
$1,585
4%
$109,670
6%
2021
$1,531
4%
$103,375
3%
2019
$1,476
1%
$100,365
3%
2018
$1,456
3%
$97,442
3%
2017
$1,412
-2%
$94,604
3%
2016
$1,446
4%
$91,849
3%
2015
$1,394
1%
$89,174
3%
2014
$1,382
3%
$86,577
3%
2013
$1,339
—
$84,055
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by United Real Estate Properties (541) 525-9060, Robert Olsen (541) 501-3939

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187 W Oregon Ave, Creswell, OR 97426 (MLS# 754714687) is a Business property. 187 W Oregon Ave is currently listed for $375,000 and was received on May 05, 2026. Want to learn more about 187 W Oregon Ave? Do you have questions about finding other Business real estate for sale in Creswell? You can browse all Creswell real estate or contact a Coldwell Banker agent to request more information.

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