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$425,000
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Property Description
Investors looking for an opportunity to own apartment rentals look no further! This well-kept 4-plex built amongst the pine trees is ready for the motivated investor who has residual income as a future priority! As a residential gem in the city of Elgin, you don't want to miss this rare opportunity which was built with pride in 1979 and owned by only the original owner! Located near schools and close to shopping makes this a place that tenants enjoy calling home as turnover and vacancies are nearly nonexistent! Offering 4 total spacious units with three 2-bedroom 1-bathroom units and one 1-bedroom 1-bath unit. All units include range/oven, refrigerator, dishwasher and a garbage disposal! The convenient on-site laundry room has 2 washers and 2 dryers for all tenants to utilize as needed. The grounds give the feeling of a park like atmosphere as landscaping is always well maintained. Each upstairs unit provides a Trex deck out the dining room sliding glass door to enjoy the evening views while relaxing, and the downstairs units offer a patio and a small yard! The building has a newer roof, double pane vinyl windows, Hardy siding, and exterior paint. Make an appointment to see this great opportunity today! This 4-plex may be purchased together with the adjacent 4-plex located at 171 N 15th Ave Elgin. Please see listing 450112253. Listing agent is related to the seller. Financials are available.
Full Property Details
Full Property Details for 173 N 15th Ave
General
- Sold For: $425,000
- Taxes: $3,219 (2025)
- Status: Sold
- Type: Multi-Family
- Source: RWMLS
- MLS ID: 597963746
- Added to Site: 107 day(s) ago
Rental Information
- Rent Includes: Sewer, Trash Collection, Water
Additional Information
- Security/Safety: Security Lights
Parking
- Parking Features: Off Street, Paved
Location
- County: Union
- Driving Directions: 15th Ave & Baltimore St.
School Information
- Midd School District: Elgin
- Elementary School: Stella Mayfield
- Middle School: Elgin
- High School: Elgin
Community
- Community Name: 440 - Union County
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard
- Heating Fuel: Electricity
Utilities
- Sewer: Public Sewer
- Water: Public Water
Structural Information
- Property Detached: Yes
- Basement Desc.: Crawl Space
- Roof: Composition
- Stories/Levels: 2
- Square Feet: 3,456
- Year Built: 1979
- Property Condition: Existing
Lot Features
- Lot Size (Acres): 0.25
- Lot Size (Sq. Ft.): 10,890
- Lot Size: 10, 000 to 14, 999 SqFt
- Frontage: Paved
- Lot Features: Corner Lot, Level, Public Road, Seasonal, Trees
Financial Considerations
- Operating Expenses: $11,602
- Tax Amount: $3,219.37
- Tax Year: 2025
- Terms: Call Listing Agent, Cash, Conventional, Other
Disclosures and Reports
- Disclosures/Reports: Exempt
- Property ID: 12881
Listed and Sold by Valley Realty (541) 963-4174, Roger Hutson (970) 978-8837
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Schools
Schools serving 173 N 15th Ave
School District:Elgin School District 23
| Name | Grades | Distance |
|---|---|---|
Stella Mayfield Elementary School 1111 Division Street, Elgin, OR 97827 | PK-8 | 0.2 mi |
Elgin High School 1400 Birch Street, Elgin, OR 97827 | 9-12 | 0.2 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 173 N 15th Ave
Date
Details
Price
Change
Source
9/11/2026
Sold
$425,000
-14.83%
MLS
6/28/2026
Listed
$499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
173 N 15th Ave, Elgin, OR 97827 (MLS# 597963746) is a Multi-Family property that was sold at $425,000 on September 11, 2026. Want to learn more about 173 N 15th Ave? Do you have questions about finding other Multi-Family real estate for sale in Elgin? You can browse all Elgin real estate or contact a Coldwell Banker agent to request more information.

