515 SE 4TH ST, Pendleton, OR 97801
Umatilla County
Key Facts
Description
Two adorable and nicely updated homes on one lot, perfect for investors or owner-occupants looking to offset their mortgage! Situated on .11 acres, this unique property features two separate 1 bed / 1 bath homes, offering flexibility and strong income potential. Both homes have been tastefully updated with beautiful laminate flooring and equipped with new mini-split systems for efficient heating and cooling. Each unit includes a range and refrigerator, making them truly move-in or rent-ready. The front home has seen additional improvements, including a newer roof, updated sheetrock and insulation, and a new shower in the bathroom. Enjoy privacy and security with fully fenced homes, plus convenient on-site parking. The location is hard to beat, just minutes from shopping, dining, parks, and schools, with a great walkability factor. Live in one and rent the other, or maximize your returns with two income-producing units, this is a fantastic opportunity you won’t want to miss!
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1940
Stories
1
Living Area
1,073 sq ft
Lot Size
0.11 acres
Parking Spaces
3
Zoning
N/A
Days on Market
3
MLS® Listing#
603101553
Property Features
Basement
Parking
Lot Features
Foundation
Roof
Sewer
Water Source
Schools
- Elementary:
- Sherwood Hts
- Middle:
- Sunridge
- High:
- Pendleton
Financial Details
Annual Taxes
$847
Tax year 2024
Parcel Number
112001
Directions
SE 3rd to SE Goodwin, turn left onto SE 4th
Affordability Calculator
$39,000
Estimated monthly payment
$1,038/mo
Principal $156,000 · Est. interest $217,634 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Pendleton, OR
- $305,263
- Median Listing Price
- 194
- Median Days on Market
- 1,485
- Median Sq Ft
- $191
- Median Price / Sq Ft
- 40
- Active Listings
- This home’s price is 36% below the area median.
- Its price per sq ft is 5% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Pendleton, OR.
Location
Points of Interest in Pendleton, OR
Showing the Pendleton area map.
Nearby Schools
Washington Elementary School
Elementary · 0.6 mi away
L'Il Angels Child Care & Pre School
Elementary · 0.7 mi away
Pendleton School District 16r
Elementary · 0.8 mi away
Lincoln Primary School
Elementary · 0.8 mi away
Pendleton High School
Secondary · 1.1 mi away
West Hills Intermediate School
School · 1.3 mi away
Sunridge Middle School
Secondary · 1.3 mi away
Lighthouse Christian Academy
School · 1.4 mi away
Pendleton Christian School
School · 2.0 mi away
Sherwood Heights Elementary School
Elementary · 2.1 mi away
McKay Creek Elementary School
Elementary · 2.6 mi away
Nixyaawii Community School
Secondary · 5.7 mi away
Pilot Rock High School
Secondary · 13.1 mi away
Pilot Rock Elementary School
Elementary · 13.5 mi away
Helix School
School · 13.9 mi away
Athena Elementary School
Elementary · 17.2 mi away
Weston-McEwen High School
Secondary · 17.2 mi away
Weston Middle School
Secondary · 19.9 mi away
Echo School District
School · 20.3 mi away
Stanfield Secondary School
Secondary · 22.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 615 SW 5TH ST, Pendleton, OR | $150,000 | 3 | 1 | 1,391 |
| 606 SW 2nd Street, Pendleton, OR | $169,500 | 3 | 2 | 1,310 |
| 606 SW 2ND ST, Pendleton, OR | $191,000 | 3 | 2 | 1,310 |
| 709 SW 16TH ST, Pendleton, OR | $199,500 | 2 | 1 | 824 |
| 1900 NW CARDEN AVE 22, Pendleton, OR | $219,000 | 2 | 2 | 1,008 |
| 1914 SE COURT AVE, Pendleton, OR | $235,000 | 3 | 1 | 1,236 |
Moving Cost Estimate
EXIT Agents in Pendleton
Listing Courtesy: eXp Realty, LLC - 503-389-0821
Presented by: Nick Shivers
Last Updated: 2026-03-19