New - 2 days on Rocket
$6,531 Closing Credit¹
#620947682, Robert Thompson, Listing Office: Owl's Nest Realty
$10,000
closing credit¹
400 Lola St Molalla, OR 97038
$899,900 List price
$10,000
Closing credit¹
3,312 sqft
0.2 acres
$272 / sqft
House
Property details
About 400 Lola St
Welcome to this fantastic multi-family 4-plex located in the heart of Molalla, Oregon! This investment opportunity offers four well-maintained, spacious units, perfect for generating steady rental income. Each unit features two bedrooms and one bathroom, providing comfortable living spaces for its tenants.The property is nestled in a charming neighborhood with easy access to local schools, parks, and shopping. Each unit boasts an open floor plan, spacious kitchens with appliances such as a range, refrigerator, and dishwasher, as well as inviting living areas and a fireplace. Each unit has its own fenced yard providing space for relaxation and outdoor activities. There is ample off-street and on-street parking available for tenants. There is great potential as well! With a strong rental history and room for future growth, this property is an ideal addition to your real estate portfolio.Don't miss out on this incredible opportunity to own a multi-family property in the thriving community of Molalla. Contact me today for more information or to schedule a private showing!
Highlights
Home typeOther
HeatingRadiant
StatusActive
Size3,312 sqft
Lot size0.23 Acres
Year built1973
ParkingAssigned, Street Parking
MLS #24577283
ViewCity
Summary
- MLS Number: 24577283
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: Coldwell Banker Bain
- Office Phone: (503) 300-9414
- Listing Agent: Lindsey Wilde
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: 2/1/2025, 9:24:11 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
$899,900
400 Lola St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 24, 2022 | Home Sold | $675,000 |
| Feb 01, 2002 | Home Sold | $200,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $278,758 | $4,650 |
| 2022 | $270,639 | $4,515 |
| 2021 | $262,757 | $4,330 |
| 2020 | $255,104 | $4,209 |
| 2018 | $240,460 | $3,972 |
| 2017 | $233,456 | $3,808 |
History based on county public records data.
Nearby schools
6
Molalla Elementary School
Public District KG-5
1.2 mi
•910 Toliver Rd
6
Rural Dell Elementary School
Public District KG-5
3.7 mi
•10500 S Highway 211
6
Mulino Elementary School
Public District KG-5
5.3 mi
•26660 S Highway 213
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 $60,969. The most common annual income of people living in Molalla, OR is between $35k-100k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
25%
<35k
54%
35k-100k
20%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
36%
Single, No Kids
13%
Single, with Kids
26%
Married, No Kids
25%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
9%
12-17 yrs old
24%
18-34 yrs old
38%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Extreme Sports
College Football
Motocross
Where do the neighbors shop?
Academy Sports & Outdoors
Best Buy
Express/Express For Men
Where do the neighbors go to eat?
Little Caesars
Texas Roadhouse
Sonic
What do the neighbors drive?
Chevrolet
Ram
Kia
What do the neighbors listen to?
Country
Contemporary Christian
New Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 400 Lola St
This home is located at 400 Lola St in Molalla, OR and zip code 97038 in the Laurelwood neighborhood. This 3,312 square foot home, which was built in 1973, sits on a 0.23 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since December 3, 2024 and is currently priced at $899,900.
Over 3 listings were sold over their listed price in December 2024 in Molalla, OR. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price. The number of listings in Molalla, OR decreased by 13.2% between November and December 2024. While the average time on the market in December 2024 was 16 days, the median list price was $485,000.
From Rocket Homes Real Estate and based on county public records data.