$474,900
↓ $10K (2.1%)
●
House -
For Sale
542 E ELM LOOP
Gervais, OR 97026
4 Beds
2 Baths
1,621 Ft²
$2,779
Est. Monthly
About This Property
USDA eligible. Built 2018, all four bedrooms, both baths and
laundry on one level - no stairs. Open kitchen and living area with
high ceilings, slab granite, stainless appliances, LVP floors and
lots of cabinet space; double vanity in the primary bath. Covered
patio and fenced yard look across the road to open farmland, a
white barn, and Mount Hood on clear days. Fiber internet, central
A/C. Park one block away. Outlets 10 min, Keizer 15, Salem 20.
Seller will consider a credit toward buyer closing costs.
Unit Size
1,621 Ft²
Days on Market
88 days
Land Size
0.14 acres
Price per sqft
$293
Property Type
House
Property Taxes
$447
HOA Dues
-
Year Built
2018
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago ( #159850423)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2026 | Price Decreased |
$474,900
↓ $10K
(2.1%) | |
| Price Decreased | |||
| Jul 30, 2026 | Listed by RealtyNET, LLC | $484,900 | |
| Listed by RealtyNET, LLC | |||
| May 3, 2022 | No longer available | - | |
| No longer available | |||
| Apr 26, 2022 | Listed by Coldwell Banker Mountain West | $449,900 | |
| Listed by Coldwell Banker Mountain West | |||
| | |||
|
Great opportunity to own a newer home in the growing community of Gervais. 4/2 w/ open floor plan, 9' ceilings, granite counters, stainless appliances & laminate floors. Gas forced air heat w/ Central AC. Fully fenced backyard w covered patio. The manager has listed the unit size as 1621 square feet.
| |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Has Garage
Has Open Parking
Parking Features: Driveway, On Street
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: High Ceilings, High Speed Internet
Appliances: Dishwasher, Disposal, Free-Standing Range, Free-Standing Refrigerator, Microwave, Plumbed For Ice Maker
Basement: Crawl Space
Exterior Details
Square Footage: 1621
Property Condition: Resale
Architectural Style: Contemporary, Stories1
Year Built: 2018
Building Area Total: 1621
Window Features: Double Pane Windows, VinylFrames
Lot Features: Level
Lot Size Area: 6098
Lot Size Units: Square Feet
Lot Size Acres: 0.14
Lot Size Square Feet: 6098
Water Source: Public
Financial Details
Tax Annual Amount: $5,363
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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About Gervais
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Listed by: Greg Messick, RealtyNET, LLC
Last Updated: 2 months ago
Data Source: RMLS , MLS# 159850423
Last Updated: 2 months ago
Data Source: RMLS , MLS# 159850423
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than RH Advisors are marked with the RMLS logo, and detailed information about these properties includes the name of the listing brokers. Listing content is copyright 2026 RMLS, Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on 10/25/2026 11:38. Some properties which appear for sale on this web site may subsequently have sold or no longer be available.
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