$450,000
297 Warren
Selma, OR 97538 · N/A
Active48 days on market$440/sqft
Facts
Property details
Overview
Listing courtesy of Illinois Valley Real Estate, agent Tonya Box
Data last updated June 22, 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.
Set on 26.68 acres of scenic countryside, this unique property offers space, versatility, and stunning mountain views. Zoned SERP, the property features three separate 1-bedroom, 1-bath units, has 3 phase power, along with additional guest quarters, making it ideal for multi-generational living, rental income, or a private retreat.
The land is a standout feature with 15 acres of water rights, three large ponds, and spring water, providing excellent potential for farming, gardening, or livestock. The acreage offers a beautiful blend of open space and natural surroundings, perfect for enjoying the peaceful rural lifestyle.
For those looking to expand their investment or create a larger estate, this property can also be purchased with 147 and/or 252 Warren Rd, offering even more possibilities.
With expansive views, valuable water rights, and multiple living spaces, this property presents a rare opportunity to own a versatile piece of land with incredible potential.
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $360,000 · $90,000 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 $2,250 ($1,925–$2,600) · starting estimate. Edit to your own number.
At $450,000 with 25% down, this property runs $889 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.
Get the rental projectionBrowse current listings with a full video tour. See the flow, the light, and the lot before you book a showing.
