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$330,000

  • Sold
  • Sold
  • Multi-Family
  • 0.57 Acres
See This Home
Save This Home
See This Home
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This property offers strong investment value due to its flexible zoning and strategic location. Currently zoned industrial for a planned storage complex, it may also be converted back to residential or, with city approval, to commercial for a 12-plex multi-family development. Complete engineering and design plans increase readiness for development. The seller holds all plans. The lot measures 225'x110' and is ready for use, with water, electricity, and an 8" city-approved sewer line already on-site. Potential high-value uses include rental shop spaces for autobody or mechanic work, or a crossfit gym.

Full Property Details for 5th St

General

  • Sold For: $330,000
  • Taxes: $517 (2024)
  • Status: Sold
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 507579197
  • Added to Site: 239 day(s) ago

Rental Information

  • Availability: Sale

Location

  • County: Marion
  • Driving Directions: Douglas to 5th, South on 5th

School Information

  • Midd School District: Gervais
  • Elementary School: Gervais
  • Middle School: Gervais
  • High School: Gervais

Community

  • Community Name: 170 - Marion Co: Except Salem and Keizer

Utilities

  • Utility Description: Electricity Available, Public Sewer, Water Available

Structural Information

  • Property Detached: Yes

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.57
  • Lot Size (Sq. Ft.): 24,829
  • Lot Size: 20, 000 SqFt to .99 Acres
  • Frontage: Paved

Financial Considerations

  • Tax Amount: $517.13
  • Tax Year: 2024
  • Terms: Cash, Conventional

Disclosures and Reports

  • Disclosures/Reports: Disclosure
  • Property ID: 599382

Listed and Sold by Premiere Property Group, LLC (503) 670-9000, Patrick Ledbetter (503) 969-9958

Listing agent

— 5th St —

  • Patrick Ledbetter

    Premiere Property Group, LLC

    503-670-9000

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Price & Sales History for 5th St

Date
Details
Price
Change
Source
9/25/2025
Sold
$330,000
-16.46%
MLS
8/20/2025
Price Reduced
$395,000
-10.23%
MLS
6/20/2025
Listed
$440,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Premiere Property Group, LLC (503) 670-9000, Patrick Ledbetter (503) 969-9958

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Price Reduced near 5th St

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5th St, Gervais, OR 97026 (MLS# 507579197) is a Multi-Family property that was sold at $330,000 on September 25, 2025. Want to learn more about 5th St? Do you have questions about finding other Multi-Family real estate for sale in Gervais? You can browse all Gervais real estate or contact a Coldwell Banker agent to request more information.