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Image 1 - 454 N 4th Ave, Cornelius, Oregon, 97113 - House for sale

Image 2 - 454 N 4th Ave, Cornelius, Oregon, 97113 - House for sale

Image 3 - 454 N 4th Ave, Cornelius, Oregon, 97113 - House for sale

Image 4 - 454 N 4th Ave, Cornelius, Oregon, 97113 - House for sale

Image 5 - 454 N 4th Ave, Cornelius, Oregon, 97113 - House for sale

Home For Sale In Cornelius, Oregon

454 N 4th Ave, Cornelius, Oregon, 97113

Home For Sale In Cornelius, Oregon

house for sale

Listed: 05/27/24

454 N 4th Ave, Cornelius, Oregon, 97113

4 Bed:

2 Bath:

1,560 Sq Ft Living Area:

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Price

$ 545,000

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About This House

Looks like a great investment opportunity! Zoning for up to a quadplex provides the potential to expand and increase rental income. Buyer to do due diligence with the city. The property already has a functioning duplex with two units, each featuring 2 bedrooms and 1 bathroom. The individual fenced patios and washer/dryer hookups are attractive features for tenants. Additionally, the detached 2-car garage with separate roll-up doors adds value. Or take the opportunity to expand. The location, having public transportation and shopping a couple blocks away, is convenient for tenants and can help maintain a high occupancy rate. The current tenants are on a month-to-month agreement (for far less than current rent market) which offers flexibility for future plans. Please do not disturb tenants or walk the property.

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Cornelius Housing & Living

Household Income

Median household income: $60,766

Number of households: 3,438

The average household income in Cornelius, OR grew from $58,420 to $60,766 in the past year. This data is an estimate based upon 3,438 households in Cornelius, OR.
The chart below presents how household income is distributed in Cornelius, OR in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $2k-$3k

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Cornelius, OR compared to median property taxes around the country. The prevalent amount of property taxes in Cornelius, OR equals $2k-$3k , which is more than the national average.