48251 Commercial St, Oakridge, OR, 97463
About This Home
***$250,000 price reduction*** bring your offers! All aboard! Rare opportunity in the heart of Oakridge for model train enthusiasts, investors, or buyers seeking something truly unique! This very property offers an incredibly flexible layout featuring 2 kitchens an additional wetbar with refrigerator and lots of counterspace, multiple expansive living spaces, and 3.5 bathrooms providing a wide range of possibilities for living, rental income, or creative use.The large interior spaces and massive garage/shop area are ready to be transformed into whatever fits your vision, whether that’s multi-generational living, a live/work setup, or an investment opportunity. Currently recognized as a duplex, the property offers added versatility and income potential.Located in an area identified for future commercial and mixed-use evolution, this property presents exciting long-term upside. The surrounding neighborhood features a blend of residential and commercial uses, adding to its dynamic appeal. If you’re looking for something truly different with room to create and add value, this is it! Possible owner carry.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2001
Materials
- Foundation: Concrete Perimeter
- Roof: Shingle
- Construction materials: Cement Siding,Lap Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Range,Refrigerator,Washer/Dryer,Electric Water Heater
Basement
- Basement: Separate Living Quarters Apartment Aux Living Unit
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- Partial bathrooms: 1
Features
- Storage
Heating & Cooling
- Heating features: Ductless
- Cooling features: Air Conditioning
Interior Area
- Total structure area: 4,565
- Total interior livable area: 4,565 sqft
Property
Details
- Parcel number: 0951986
- Zoning: R1
Features
- Stories: 2
- Has view: Yes
- View description: Mountain(s)
Lot
- Lot size: 9,583 sqft
- Features: Corner Lot,Level,SqFt 7000 to 9999
Parking
- Total spaces: 7
- Parking features: Garage,RV Access/Parking
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
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
- Inland Flooding
- Winter Weather
- Cold Wave
- Earthquake
- Landslide
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters in Lane 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 | $2,401 | $28,812 |
| Home Insurance * | $174 | $2,088 |
| Property Taxes | $651 | $7,812 |
| Electricity | $414 | $4,971 |
| Total | $3,640 | $43,680 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-08 | Price change | $475,000 |
| 2026-06-18 | Price change | $625,000 |
| 2026-04-20 | Listed for sale | $725,000 |
| 2001-02-16 | Sold | $159,000 |
| 2000-09-08 | Sold | $65,000 |
For Sale by Agent
View on Zillow