$399000
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2 Bed
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2 Bath
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1180 SqFt
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2 DOM
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Built: 1925
- Status: Active
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Krishna Regupathy
Principal Broker
(503) 893-8874Classic 1925 bungalow charm meets dependable income potential in this thoughtfully maintained duplex in The Dalles. Currently configured as two units, the upper level offers a 1-bedroom plus an office or small bedroom, 1-bath residence, while the lower level provides a comfortable 1-bedroom, 1-bath unit with separate living quarters in a finished basement space. Whether you continue operating as a duplex or explore conversion to a single-family home with an attached ADU, the flexibility here is exceptional.Situated on a 5,000–6,999 sq ft lot in the Dry Hollow neighborhood, the property features territorial views, terraced landscaping, mature trees, and a charming pond that creates a peaceful outdoor setting. Driveway and on-street parking add convenience, while public water and sewer simplify ownership.Key system updates include a newer composition roof (approximately five years old) and an efficient heat pump providing both heating and cooling . The home is in solid, good condition — well cared for and functional — offering opportunity for cosmetic refinement over time without immediate major capital improvements.Financially, this is a compelling small multifamily asset. The property generates $36,000 annually in gross income with a reported net operating income of $27,220 and a 6.82% cap rate at the current price Tenants are month-to-month, allowing immediate income with flexibility for repositioning, owner occupancy, or rent optimization.Properties of this scale remain highly desirable for investors seeking manageable, two-stream income, as well as buyers looking to offset a mortgage with rental revenue. Character, versatility, and solid numbers combine here to create a property that feels approachable yet strategic — a rare balance in today’s market.
Listing Provided Courtesy of Molly Whiteman, Cascade Hasson Sotheby's International Realty
General Information
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509463847
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2 DOM
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2
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5227.2 SqFt
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2
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1180
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1925
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R1
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Wasco
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6126
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Dry Hollow 7/10
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The Dalles 3/10
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The Dalles 3/10
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MultiFamily
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SECTION 11 TOWNSHIP 1N RANGE 13E QUARTER BB PRCL 7900 MAPTAX LOT:
Listing Provided Courtesy of Molly Whiteman, Cascade Hasson Sotheby's International Realty
Krishna Realty data last checked: Feb 22, 2026 00:46 | Listing last modified Feb 20, 2026 15:24,
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