Great investment opportunity featuring two detached single family homes on one tax lot. The property includes a 1,520 square foot home at 335 Alice Street and 672 square foot home at 402 Boardman, each with separate gas and electric meters. Situated on a corner lot with alley access, the property offers ample off street parking, individually fenced yards, and numerous updates throughout the years including new roof, siding, painting, flooring. Tenants interested in staying, and the flexibility to generate dual rental income or live in one home while renting the other, this is a rare opportunity to add a versatile, income-producing property to your portfolio. Schedule your showing today!
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Listing courtesy of i5 Real Estate, agent Armando Enciso Cervantes
Data last updated July 19, 2026
Based on information from Oregon Data Share. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is for consumers personal, non-commercial use only.
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $300,000 · $75,000 down · 30 year term
Monthly cash flow, cap rate, and cash-on-cash return at this price. Every number is an estimate you can adjust to your own financing and rent.
Estimate $1,875 ($1,600–$2,150) · starting estimate. Edit to your own number.
At $375,000 with 20% down, this property runs $890 per month negative. Adjust the price, down payment, or rent to find what works.
Estimates only, not investment advice or a guarantee of rent, value, or return. Figures depend on the numbers you enter and current market conditions. Verify with your lender, tax advisor, and a Ryan Realty broker before you rely on them.
We pull climate risk data from FEMA flood maps, the Deschutes County wildland-urban interface map, and NOAA heat trends. Detailed scoring for this property is on request.
Get the climate reportWe compute vacation rental projections from comparable short-term rentals in the same community, weighted by bed count, view, and amenities. A custom projection for this property is on request.
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