About 35458 S Ellis Rd
Reimagined Price, Remarkable Opportunity. 8,175± sq. ft. Lot – Smart Investment with Immediate ROI. Step 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.
Features of 35458 S Ellis Rd
| MLS® # | 23149243 |
|---|---|
| Price | $89,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Type | Land |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 35458 S Ellis Rd |
|---|---|
| Area | 146 - Oregon City, Beavercreek, Canby, Molalla, Mulino |
| Subdivision | FOREST HAVEN SUBDIVISION |
| City | Molalla |
| County | Clackamas |
| State | OR |
| Zip Code | 97038 |
Amenities
| Utilities | Sewer Connected, Water Connected |
|---|---|
| View | Territorial, Trees/Woods |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Trees |
|---|
School Information
| Elementary | Molalla |
|---|---|
| Middle | Molalla River |
| High | Molalla |
Additional Information
| Date Listed | May 17th, 2023 |
|---|---|
| Days on Market | 891 |
| Zoning | res |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 145 |
| HOA Fees Freq. | Monthly |
Listing Details
| Office | Firefly Real Estate |
|---|---|
| Contact Info | FireflyRealEstate@gmail.com |