555 N  River Rd, Cottage Grove, OR 97424
FOR SALE1 ACRE

555 N River Rd
Cottage Grove, OR 97424

  • 32 Beds
  • 17 Baths
  • 9,250 sqft (on 1 acre)
  • 32 Beds
  • 17 Baths
  • 9,250 sqft (on 1 acre)

$2,799,000

Original price: $2,920,000
Est. Mortgage $16,648/mo*

Local Information

map showing home location
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-- mins to
Commute Destination

Description

The Fives on River is a 17-unit, single story apartment complex located at 555 N River Rd, Cottage Grove, OR 97424. Originally constructed in 1920, The Fives on River was renovated down to the foundation in 2023. The property contains 9,250 rentable square feet and features (1) studio unit and (16) 2 Bed/1 Bath units. Over the last few years, the property was completely remodeled, the only original structures are the foundation, which was re-shored and the trusses, which were reinforced. Additionally the owner has supported the framing, added and replaced rafters, installed a new roof, new siding, new paint, new doors, new windows, new fire sprinklers and zero maintenance landscaping. Each unit is renovated with LVP flooring, new paint, new fixtures, new granite counters, new cabinets and new stainless-steel appliances. Each unit contains it?s own washer, dryer and dishwasher, along with large closets for additional storage space. Each unit is sub-metered for water, sewer and electricity, which significantly reduces the utility costs for a new owner. The property is currently Professional managed for a 6% flat fee.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
$303
Listed
33 days ago
Last check for updates: about 14 hours ago
Listing courtesy of Ian Crist, (503) 508-0131
Bridge Creek Realty
Source: RMLS (OR), MLS#24247742

Home Details for 555 N River Rd

Active Status

MLS Status: Active

Interior Features

Beds & Baths
Number of Bedrooms: 32Number of Bathrooms: 17
Dimensions and Layout
Living Area: 9250 Square Feet
Heating & Cooling
No CoolingNo Heating
Levels, Entrance, & Accessibility
Stories: 1
View
No View

Exterior Features

Parking & Garage
No Attached Garage
Water & Sewer
Sewer: Public Sewer

Days on Market

Days on Market: 33

Property Information

Year Built
Year Built: 1920
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Cement SidingNot Attached Property
Property Information
Condition: ExistingParcel Number: 0891745

Price & Status

Price
List Price: $2,799,000Price Per Sqft: $303

Location

Direction & Address
City: Cottage Grove
School Information
Jr High / Middle School: Lincoln

Agent Information

Listing Agent
Listing ID: 24247742

Building

Building Area
Building Area: 9250 Square Feet

Lot Information

Lot Area: 1 Acres

Offer

Listing Terms: Cash, Conventional

Compensation

Buyer Agency Commission: 2.5Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Rental

Rent Includes: None

Miscellaneous

Mls Number: 24247742

Price History for 555 N River Rd

DatePriceEventSource
04/09/2024$2,799,000PriceChange
RMLS (OR) #24247742
03/27/2024$2,920,000Listed For SaleRMLS (OR) #24247742

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Comparable Sales for 555 N River Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.23
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$1,475,000
11/17/23
16
12
7,500
0.90
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$1,550,000
09/01/23
25
13
9,520
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$675,000
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2,167

What Locals Say about Cottage Grove

  • Damion K.
    "Cottage Grove is small town USA that has done work to make it self more attractive to tourism with two nice reservoirs a great rails to trails bake path stocked fishing pounds a up start brewing culture mainly small and unique shops in the renovated down town area food carts it’s small town living 20 minutes from the University of Oregon and the city of Eugene "
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  • Tabatha P.
    "There are no sidewalks on my street which is a draw back but there are two public parks nearby and a bicycle path that are great for walks. "
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  • Mamy B.
    "Special place to grow family, parks, playgrounds, stores, restaurants, nature, friendly people, events... "
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  • Onamarie0955
    "it's a great area to walk, lots of kids and friendly people all the time. So buy a bark collar for you dog if you don't build a fence. "
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  • Dnid79
    "Halloween and Christmas! Movie night at the fire house for the city, Bohemia Mining Days and the Carnival."
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  • Wendi M.
    "Schwartz Campground is close by and nice hiking and biking trails are right out your front door. Dorena reservoir is very close as well."
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  • Toni L.
    "I used to like living here...but then again Im an adult now and I was a sheltered child. Too many people and the city is not spread out enough for traffic. It takes 15 minutes to get from one end to the other when it used to be less than 5. People are nice, but very nosey. Cant wash my car, change the oil, mow the lawn without 5 people in that time, saying “me next”. We do have walmart, safeway and bimart. Not enough cafes to enjoy.its just your basic mcdonalds or the 3 expensive restaurants ($20+ per plate). And tweakers EVERYWHERE. Im ready to move."
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  • M
    "Nice place to raise a family. Good people around and lots to do. Bike paths that run all threw town and lots of fishing holes waterfalls lakes and streams good little town where you feel right at home"
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  • McKinnon
    "This is a small community that fosters a good deal of spirit. Neighbors watch out for each other the people you see every day become friends. I have lived here for 11 + years now and raised 8 children here with great success the schools are great the town offers lots to do all year round and is generally family friendly with lots to explore and do out side crime is almost nil and the local police are fantastic"
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  • Andrea I.
    "My Husband drives all over the state for work. It is less than 5 minutes to the highway and only 20 minutes to Eugene. Nice flat roads, for when there is ice or snow."
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  • Jani k. C. G.
    "I work from home so this Durant really apply to me. When I did commute in the past, I loved the 20 minute drive to Eugene. It’s beautiful territory! "
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  • Teek728
    "small town, quick 2 min drive to anywhere. has all the basics..kinda wish we had more shops like clothing/shoes or reasonably priced restaurants.. please dont move here..youll ruin it. theres already enough people here."
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LGBTQ Local Legal Protections

Ian Crist, Bridge Creek Realty
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 RMLS™, Portland, Oregon. This content last updated on 2024-04-02 07:40:16 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
555 N River Rd, Cottage Grove, OR 97424 is a 32 bedroom, 17 bathroom, 9,250 sqft multi-family built in 1920. This property is currently available for sale and was listed by RMLS (OR) on Mar 27, 2024. The MLS # for this home is MLS# 24247742.