550 N 1st St, Woodburn, OR 97071 - Photo 1

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$4,900,000

For Sale
Active
Single Family
25 Beds
18 Full Baths
13,848 Sq. Ft.

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Property Description & Video

Presenting a one-of-a-kind historic asset with exceptional redevelopment and income potential. Built in 1914, this iconic former City Hall, Courthouse, and Fire Department has been fully remodeled from the ground up and is now turnkey, ready for its next chapter.Spanning 13,000+ square feet, the property features a brand-new infrastructure, offering modern systems while preserving the character and presence of a landmark building. The recent renovation was completed with use as a residential care facility in mind, creating immediate potential for RTF, memory care, assisted living, or similar licensed operations. The layout and scale also lend themselves well to a bed & breakfast, boutique motel, or other commercial uses, providing investors with multiple viable exit strategies.Strategically located in the heart of downtown Woodburn, the property benefits from excellent visibility and accessibility-just minutes from I-5 and the Woodburn Premium Outlets, a major regional draw.This is a rare opportunity to acquire a fully upgraded, historically significant building with flexible use, strong fundamentals, and long-term income potential in a growing market.

Full Property Details

Full Property Details for 550 N 1st St

General

Price: $4,900,000
Taxes: $4,569
Status: Active
Type: Single Family
Source: RWMLS
MLS ID: 732696353
Updated: 2/6/2026
Added to Site: 24 day(s) ago

Interior

Interior Features: Sprinkler
Appliances: ENERGY STAR Qualified Appliances, Free-Standing Gas Range

Rooms

Bathrooms

Total Bathrooms: 18
Full Bathrooms: 18
Upper - Full Baths: 6
Main - Full Baths: 6
Lower - Full Baths: 6

Bedrooms

Total Bedrooms: 25
Primary Bedroom: Main

Additional Information

Security/Safety: Fire Escape, Fire Sprinkler System, Handicap Access

Exterior

Exterior Features: Patio

Parking

Parking Features: Driveway, On Street

Location

County: Marion
Driving Directions: N First st and W Lincoln st

School Information

Elementary School: Lincoln
Middle School: French Prairie
High School: Woodburn

Community

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

Heating & Cooling

Air Conditioning: Yes
Cooling Type: EnergyStar Air Conditioning
Heating Type: Forced Air - 95+%
Heating Fuel: Gas

Utilities

Sewer: Public Sewer
Water: Public Water

Structural Information

Property Detached: Yes
Architectural Style: Tri Level
Basement Desc.: Daylight, Finished
Roof: Membrane
Windows: Double Pane Windows
Stories/Levels: 3
Square Feet: 13,848
Year Built: 1914
Property Condition: Updated/Remodeled

Lot Features

Lot Size (Acres): 0.23
Lot Size (Sq. Ft.): 10,018
Lot Size: 10, 000 to 14, 999 SqFt
Frontage: Paved

Financial Considerations

Tax Amount: $4,569.37
Terms: Cash, Other

Disclosures and Reports

Legal Description: ADDITION 'B' TO WOODBURN, BLOCK 2, LOT 7-8, ACRES 0.23
Disclosures/Reports: Exempt
Property ID: 105959

Listed by Premiere Property Group, LLC (503) 670-9000, Adriana Gavozdea (503) 830-1074

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Listing agent

— 550 N 1st St —

Adriana Gavozdea

Premiere Property Group, LLC

503-670-9000

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Schools

Schools serving 550 N 1st St

School District:Woodburn School District 103

Name	Grades	Distance
Nellie Muir Elementary School 1800 West Hayes Street, Woodburn, OR 97071	K-5	0.7 mi
Woodburn Success 610 Young Street, Woodburn, OR 97071	7-12	0.4 mi
Valor Middle School 450 Parr Road Northeast, Woodburn, OR 97071	6-8	1 mi
Woodburn Academy Of Art Science And Technology 1785 North Front Street, Woodburn, OR 97071	9-12	0.2 mi
Academy Of International Studies (At Woodburn) 1785 North Front Street, Woodburn, OR 97071	9-12	0.2 mi
Woodburn Arts And Communications Academy 1785 North Front Street, Woodburn, OR 97071	9-12	0.2 mi
Wellness Business And Sports School 1785 North Front Street, Woodburn, OR 97071	9-12	0.2 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 550 N 1st St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

2/06/2026

Listed

$4,900,000

880%

MLS

1/29/2020

Sold

$500,000

—

Public Record

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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

Tax History for 550 N 1st St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$4,569

$236,350

2021

$4,304

—

$229,470

2021

$4,304

—

$222,790

2021

$4,304

$216,310

2020

$4,176

$210,010

2019

$3,939

$203,900

2018

$3,856

$197,970

2017

$3,744

$192,210

2016

$3,632

$186,620

2015

$3,524

$181,190

2014

$3,350

—

$175,920

2013

$3,338

—

$170,800

—

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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 550 N 1st St

550 N 1st St, Woodburn, OR 97071 (MLS# 732696353) is a Single Family property with 25 bedrooms and 18 full bathrooms. 550 N 1st St is currently listed for $4,900,000 and was received on February 06, 2026. Want to learn more about 550 N 1st St? Do you have questions about finding other Single Family real estate for sale in Woodburn? You can browse all Woodburn real estate or contact a Coldwell Banker agent to request more information.

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550 N 1st St Woodburn, OR 97071