$3,503 Closing Credit¹
#24490531, Deidra Ripsom, Listing Office: Homestead Co.
$449,000 List price
306 NW 1st St Enterprise, OR 97828
$5,332
Closing credit¹
1 bed
2 full
1,180 sqft
0.2 acres
$381 / sqft
House
Property details
About 306 NW 1st St
Charming Investment Property Zoned for Short-Term Rentals in Downtown EnterpriseLocation: Nestled just minutes from downtown Enterprise, this property is ideally zoned for short-term rentals, making it a prime opportunity for both tourists and business travelers. Whether you're looking for a vacation rental investment or a property with steady income potential, this location offers exceptional appeal.**Property Setup:** This versatile property features two separate units:- **1-bedroom, 1-bath** unit- **studio with a bath** Perfect for renting one unit and living in the other, or renting both units for maximum income potential. The flexible layout offers endless opportunities.**Income Potential:** With a proven rental history and current cap rate of over 8%, this property offers a reliable and solid return on investment. It's a great choice for those looking to add a profitable short-term rental to their portfolio or enter the rental business.**Extras:** - **Two-car garage** for added convenience - **Additional shed** for extra storage - Ample space for **boat and RV parking**, appealing to renters with recreational vehicles. These features not only enhance the property's usability but also add significant value for renters, increasing overall appeal.**Growth Potential:** The property has notable **growth potential**, with opportunities to increase revenue through strategic pricing or upgrades. The increasing demand for short-term rentals in this area makes it an ideal choice for capitalizing on future trends.**Don't miss out on this exceptional investment opportunity**—contact us today to schedule a showing!
Highlights
Home typeSingle Family Residence
HeatingDuctless, Zoned
StatusActive
CoolingZoned
Size1,180 sqft
Lot size0.19 Acres
Year built2008
ParkingDriveway, R.V. Parking
MLS #157984943
Attached garage1 space
FireplaceGas Fireplace, Stove
ViewCity, Mountain(s), Trees/Woods
Summary
- MLS Number: 157984943
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: Real Estate Associates
- Office Phone: (541) 432-4060
- Listing Agent: Robin Despain
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 another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/7/2025, 9:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$449,000
306 NW 1st St
$5,332
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $174,101 | $2,715 |
| 2022 | $169,031 | $2,635 |
| 2021 | $164,108 | $2,566 |
| 2020 | $159,329 | $2,396 |
| 2019 | $154,689 | $2,330 |
| 2018 | $150,184 | $2,265 |
| 2017 | $145,810 | $2,202 |
History based on county public records data.
Nearby schools
8
Enterprise Elementary School
Public District KG-6
0.4 mi
•201 SE 4th St
8
Wallowa Elementary School
Public District PK-6
15.7 mi
•315 First St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $33,676. Residents of Enterprise, OR typically earn less than $<35k each year. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
51%
<35k
39%
35k-100k
8%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
48%
Single, No Kids
8%
Single, with Kids
30%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
5%
12-17 yrs old
20%
18-34 yrs old
38%
35-64 yrs old
23%
65+ yrs old
What do the neighbors do for fun?
Hunting
Figure Skating
NASCAR
Where do the neighbors shop?
Wal-Mart
Dollar General
Academy Sports & Outdoors
Where do the neighbors go to eat?
Hardee's
Applebees
Jimmy Johns
What do the neighbors drive?
Ram
Cadillac
GMC
What do the neighbors listen to?
Classic Country
New Country
Oldies
All data provided by Home Junction and Claritas
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Frequently asked questions
About 306 NW 1st St
This home is located at 306 NW 1st St in Enterprise, OR and zip code 97828 in the Gardner's neighborhood. This 1,180 square foot home, which was built in 2008, sits on a 0.19 acre lot. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since March 22, 2025 and is currently priced at $449,000.
Enterprise, OR housing market in March 2025 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 1 sold below. In March 2025 in Enterprise, OR there were 5.3% more homes for sale than in February. Listings spent 164 days on the market in March 2025, and had a median list price of $170,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.