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407 NE Waite St, Myrtle Creek, OR, 97457

3beds
3baths
1,440sqft
$329,000
$228price/sqft
$2,317/moest. monthly cost
$92,680/yrincome needed

About This Home

Opportunity Awaits!Don't miss this exceptional chance to own a well-maintained turnkey triplex (3 units) in a desirable corner-lot location. Nestled in a scenic part of town and conveniently near schools, shopping, and local transit, this property is perfect for both investors and owner-occupants.Each of the three true one-bedroom units features its own washer and dryer hookups, individual wall-mounted heating units, and a fully equipped kitchen with a refrigerator and range.Whether you're looking to live in one unit while the other two help cover your mortgage, or you want to expand your investment portfolio with three quality rental units, this property is a smart move.Schedule your private showing today — this opportunity won’t last long!

Getting Around

64
WalkingSomewhat Walkable
0
TransitVery Limited Transit
33
BikeSomewhat Bikeable

Schools

3/10
1/10
2/10
South Umpqua High SchoolGrades 9-123.5 mi

Construction

Condition

  • Property condition: Approximately
  • Year built: 1954

Materials

  • Foundation: Stem Wall
  • Construction materials: T111 Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Range,Refrigerator,Electric Water Heater,Tank Water Heater
  • Laundry features: Washer Dryer Hookup

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 3

Heating & Cooling

  • Heating features: Zoned
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 1,440
  • Total interior livable area: 1,440 sqft

Property

Details

  • Parcel number: R17798
  • Zoning: R-3

Features

  • Stories: 1
  • Has view: Yes
  • View description: City

Lot

  • Lot size: 4,791 sqft
  • Features: Corner Lot,Level,SqFt 3000 to 4999

Parking

  • Total spaces: 1
  • Parking features: 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

  • Inland Flooding
    Inland FloodingVery High
  • Wildfire
    WildfireVery High
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Landslide
    LandslideModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Wildfire
Earthquake
Heat Wave
Landslide
Winter Weather

FEMA Declared Disasters in Douglas County and Oregon

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 $1,663$19,956
Home Insurance *$113$1,356
Property Taxes $365$4,380
Electricity $176$2,119
Total$2,317$27,804
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$79,440/yr
40% on housing$69,510/yr
45% on housing$61,786/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: 9.1%
9.1%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: -1.6%
-1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$228This listing

vs Other Active Listings

Avg $/sqft

ZIP 97457$158
Douglas County$236

vs Homes Sold Last Month

Median $/sqft

ZIP 97457$235
Douglas County$232

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

DateEventPrice
2026-05-05Price change$329,000
2025-09-24Listed for sale$339,000
2024-08-08Sold$282,500
2024-07-15Pending sale$319,900
2024-07-12Listed for sale$319,900
2024-05-08Sold$279,000
2024-04-07Pending sale$279,000
2024-03-29Listed for sale$279,000
2023-06-29Sold$280,000
2004-05-21Sold$205,000
2004-02-02Sold$100,000

For Sale by Agent

AgentAngel Smith
BrokerageTrueblood Real Estate

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