118 Engle Ave Molalla, OR 97038

*The Commercial unit rent increase to $1,400 coming Jan. 1, 2026! Versatile Investment Property with Two Apartments, 1 commercial unit In A Prime Location! Incredible investment opportunity in a buzzing commercial corridor! This unique property offers the best of both worlds. There's a spacious commercial unit currently with two 26'x16' salon-style suites, each equipped with a closet and private bathroom, plus an additional private office space. This commercial section features a separate entrance to maintain business privacy and flow. Additionally, there are two charming 1-bedroom apartments with their own private entrances, perfect for owner-occupancy or tenant rental. The residential units include living room/kitchens, a cozy bedroom, and a bathroom with a walk-in shower making this an ideal setup for live/work flexibility or added passive income. Strategically located in a high-traffic area, close to public transportation, and surrounded by thriving local businesses, it's the perfect setup to draw in clientele and benefit from surrounding activity. Zoned for various commercial uses - confirm specifics with the city. Don't miss this chance to establish your business or expand your portfolio with a multi-use, income-producing property in a high-demand area!