35458 S ELLIS RD Active Save Request In-Person Tour Request Virtual Tour
Molalla,OR 97038
Key Details
Property Type Vacant Land
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Subdivision Forest Haven Subdivision
MLS Listing ID 23149243
HOA Fees $145/mo
Annual Tax Amount $944
Tax Year 2024
Property Sub-Type Single Family Residence
Property Description
8,175± sq. ft. Lot – Smart Investment with Immediate ROIStep into a strategic investment with this 8,175± sq. ft. lot in a well-established subdivision, designed to deliver both immediate cash flow and long-term appreciation. Flexible CCRs allow you to retain the current tenant for stable rental income from day one, or replace the existing structure with a double or triple-wide home (county approval required) to maximize future value.From a financial perspective, this lot is a low-risk, high-upside opportunity. Rental income provides steady ROI while you hold the asset, and owning the land ensures long-term portfolio growth as the neighborhood continues to appreciate. Add in 2025 Oregon tax advantages—property tax deductions, potential mortgage interest write-offs if financed, and depreciation opportunities on future structures—and this lot becomes a sophisticated, tax-efficient vehicle for building wealth.With room to adapt, quiet subdivision location, and proximity to amenities, this property balances flexibility, stability, and growth potential. Only the lot is for sale; buyer assumes tenant at closing. Request CCRs and property details today to secure a data-driven investment with immediate and long-term ROI. Additional lots also for sale.
Location
State OR
County Clackamas
Area _146
Zoning res
Exterior
Utilities Available SewerConnected,WaterConnected
View Territorial, Trees Woods
Garage No
Building
Lot Description Trees
Schools
Elementary Schools Molalla
Middle Schools Molalla River
High Schools Molalla
Others
Acceptable Financing Cash,Conventional,USDALoan
Listing Terms Cash,Conventional,USDALoan