550 N 1st St, Woodburn, OR, 97071
About This Home
Presenting a one-of-a-kind historic asset with exceptional redevelopment and income potential. Built in 1914, this iconic former City Hall, Courthouse, and Fire Department has been fully remodeled from the ground up and is now turnkey, ready for its next chapter.Spanning 13,000+ square feet, the property features a brand-new infrastructure, offering modern systems while preserving the character and presence of a landmark building. The recent renovation was completed with use as a residential care facility in mind, creating immediate potential for RTF, memory care, assisted living, or similar licensed operations. The layout and scale also lend themselves well to a bed & breakfast, boutique motel, or other commercial uses, providing investors with multiple viable exit strategies.Strategically located in the heart of downtown Woodburn, the property benefits from excellent visibility and accessibility—just minutes from I-5 and the Woodburn Premium Outlets, a major regional draw.This is a rare opportunity to acquire a fully upgraded, historically significant building with flexible use, strong fundamentals, and long-term income potential in a growing market.
Getting Around
Very Walkable
Minimal Transit
BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1914
Materials
- Foundation: Slab
- Roof: Membrane
- Construction materials: Stone
Type & Style
- Home type: SingleFamily
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: ENERGY STAR Qualified Appliances,Free-Standing Gas Range,ENERGY STAR Qualified Water Heater,Tankless Water Heater
Basement
- Has basement: Yes
- Basement: Daylight,Finished
Bedrooms & Bathrooms
- Bedrooms: 25
- Bathrooms: 18
- Full bathrooms: 18
- Main level bathrooms: 6
Features
- Window features: Double Pane Windows
Heating & Cooling
- Heating features: Forced Air 95 Plus
- Cooling features: ENERGY STAR Qualified Equipment
Interior Area
- Total structure area: 13,848
- Total interior livable area: 13,848 sqft
Master Bedroom
- Level: Main
Property
Accessibility
- Accessibility features: Accessible Doors,Accessible Elevator Installed,Accessible Entrance,Accessible Hallway,Natural Lighting,Rollin Shower,Accessibility,Handicap Access
Details
- Parcel number: 105959
- Zoning: DHD
Features
- Levels: Tri Level
- Stories: 3
- Patio & porch: Patio
Lot
- Lot size: 10,018 sqft
- Features: SqFt 10000 to 14999
Parking
- Parking features: Driveway,On Street
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Lightning
- Inland Flooding
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Marion County and Oregon
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $24,777 | $297,324 |
| Home Insurance * | $980 | $11,760 |
| Property Taxes | $3,389 | $40,668 |
| Electricity | $1,256 | $15,080 |
| Total | $30,402 | $364,824 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-06 | Listed for sale | $4,900,000 |
| 2019-01-23 | Listing removed | $899,900 |
| 2018-09-05 | Price change | $899,900 |
| 2018-07-27 | Listed for sale | $949,900 |
| 2017-11-01 | Sold | $390,000 |
| 2009-11-01 | Listing removed | $479,900 |
| 2009-08-08 | Listed for sale | $479,900 |
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