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47470 Highway 58, Oakridge, OR, 97463

4beds
4baths
4,502sqft
$429,900
$95price/sqft
$3,017/moest. monthly cost
$120,680/yrincome needed

About This Home

What if you could live where you work and enjoy the outdoor lifestyle Oakridge has to offer? This versatile mixed-use property sits right on Highway 58, featuring two ground-floor commercial spaces with great visibility and designated off-street parking, plus two fully rented apartments above. One commercial unit is currently leased, offering instant income potential. Whether you’re an investor or an owner-user dreaming of a live/work setup, this property offers flexibility, functionality, and a gateway to Oakridge’s vibrant mountain community. Buyers to perform their own due diligence regarding square footage—county and photographer measurements differ. Property qualifies for FHA financing with as little as 3.5% down

Getting Around

36
WalkingCar-Dependent
0
TransitVery Limited Transit
34
BikeSomewhat Bikeable

Schools

5/10
4/10
3/10
Oakridge High SchoolGrades 9-121.0 mi

Construction

Condition

  • Property condition: Converted
  • Year built: 1947

Materials

  • Foundation: Slab
  • Roof: Flat,Membrane
  • Construction materials: Block,Brick,T111 Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Electric Water Heater
  • Laundry features: Washer Dryer Hookup

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 4

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Central Air,Heat Pump

Interior Area

  • Total structure area: 4,502
  • Total interior livable area: 4,502 sqft

Property

Details

  • Parcel number: 0961555
  • Zoning: C-3

Features

  • Stories: 2
  • Has view: Yes
  • View description: City,Mountain(s),Trees/Woods

Lot

  • Lot size: 0.29 Acres
  • Features: Level,SqFt 10000 to 14999

Parking

  • Total spaces: 6
  • Parking features: Off Street,Paved
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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
    Inland FloodingVery High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Landslide
    LandslideModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Inland Flooding
Winter Weather
Cold Wave
Earthquake
Landslide
Lightning

FEMA Declared Disasters in Lane County and Oregon

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

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

MonthlyAnnual
Mortgage $2,173$26,076
Home Insurance *$157$1,884
Property Taxes $279$3,348
Electricity $408$4,902
Total$3,017$36,204
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$103,440/yr
40% on housing$90,510/yr
45% on housing$80,453/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

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.

Insurance Growth Rate5-year average: 8.5%
8.5%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 0.4%
0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$95This listing

vs Other Active Listings

Avg $/sqft

ZIP 97463$140
Lane County$242

vs Homes Sold Last Month

Median $/sqft

ZIP 97463$184
Lane County$294

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

DateEventPrice
2025-11-17Listed for sale$449,900

For Sale by Agent

AgentNaseem Hamide
BrokerageWorks Real Estate

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