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1202 Iris St, Brookings, OR 97415

$499,000

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Property Description

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.

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 www.bendpremierrealestate.com today.

Property Features

Property Type: Residential - Single Family
Basement: Crawl Space
Fenced: Yes
Fuel Type: Electricity
Heating: Baseboard, WallHeater
Home Style: 1 Story
Lot Size: 0.18 Acres
Roof Type: Composition
Stories: 1.0
Taxes: $2,277
Year Built: 1953
Square Feet: 1,080

Feature Descriptions

Bathroom: 1.0 (Main)
Exterior: T-111 Siding
Exterior: Dog Run, Fenced, Yard
Hot Water: Electricity
Interior: Laminate Flooring, Wood Floors
Kitchen: Dishwasher, Free-Standing Range, Microwave
Lot: Corner Lot, Level, Ocean Beach 1-4 Mile or Less
Parking Notes: Driveway
Rental Amount: $2195.00
Sewer: Public Sewer
Special View Info: Territorial
Square Footage: 1080 (Main)
Water: Public Water

Local Schools

High School: Brookings-Harbr
Middle School: Azalea
Elementary School: Kalmiopsis

Listed By / Shown By

Listed By

Agency Name: Century 21 Agate Realty
Agency Phone: 541-469-2143

Shown By

Agency Title: Bend Premier Real Estate
Agency Phone: 541-323-2779

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Estimated Payment

$ 2,858.51 per month $2,523.22 Principal & Interest $189.75 Property Tax $145.54 Homeowner's Insurance

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