Rare Brookings Investment Opportunity! Two detached homes on one .18-acre corner lot offer exceptional flexibility for investors, multi-generational living, or owner-occupants looking to generate rental income. Live in one home while renting the other, or lease both for long-term income. This property is also an excellent opportunity for buyers completing a 1031 Exchange and seeking to invest in the highly desirable Brookings market. The front home features 3 bedrooms and 1 bathroom, while the second home offers 3 bedrooms and 2 bathrooms. Both homes have been tenant occupied and most rooms have vinyl windows, providing a solid starting point for future updates and added value. Whether you're looking for immediate rental income or a property with long-term upside, this is a rare opportunity to own two homes on one parcel. Ideally located just minutes from downtown Brookings, you'll enjoy convenient access to shopping, restaurants, schools, medical facilities, the Port of Brookings Harbor, and some of the Southern Oregon Coast's most beautiful beaches. From the street and driveway, you'll catch glimpses of the Pacific Ocean, and you'll appreciate the refreshing coastal air and the soothing sound of the surf. Outdoor enthusiasts will love the nearby opportunities for beachcombing, hiking, fishing, kayaking, and exploring the spectacular coastline. The property's zoning does not permit short-term vacation rentals, making it best suited for owner occupancy or long-term rental investment. Multi-unit properties in Brookings rarely become available, making this an outstanding opportunity to build wealth in one of the Oregon Coast's most sought-after communities.
Listed By
Agency Name: Century 21 Agate Realty
Agency Phone: 541-469-2143
Shown By
Agent Name: Keldon Brent Broker
Agent Phone: (541) 610-2008
Agency Title: Bend Premier Real Estate
Estimated Payment
$ 2,858.51 per month $2,523.22 Principal & Interest $189.75 Property Tax $145.54 Homeowner's InsuranceSend an email with a link to
1202 Iris St, Brookings, OR 97415.
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1202 Iris St, Brookings, OR 97415.
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1202 Iris St | MLS# 529897212
This single family home located at 1202 Iris St, Brookings, OR 97415 is currently listed for sale with an asking price of $499,000. This property was built in 1953 and has 3 bedrooms and 1 full baths with 1080 sq. ft. Search Brookings real estate on keldonbrent.bendpremierrealestate.com today.