Detroit Cottages 105 N Front St 9 Unit Apartment Building $625,000 ($69,444/Unit) 9.03% Cap Rate Detroit, OR 97342

Discover a rare chance to own an income-producing property in the heart of Detroit, Oregon. Detroit is a resilient mountain lake community experiencing dynamic revitalization. Just a short walk from the shores of Detroit Lake, this commercially zoned property features nine residential rental units across eight cottages and one mobile home, all nestled on a spacious and flexible Commercial General-zoned parcel. The property is ideally positioned for both immediate income and future mixed-use or value-add development potential.
Originally built in 1946, the cottages underwent significant renovations in 2022–2023 following the 2020 Detroit Lake Fire. Capital improvements include new roofs, decks, water heaters, and interior upgrades across several units, reflecting thoughtful reinvestment and long-term viability. The current unit mix includes four studio units, three 1BR/1BA units, and two 2BR/1BA units. One of the 2BR units is a mobile home.
This property benefits from a strong operating history and caters to consistent demand from local residents, seasonal workers, and outdoor recreation enthusiasts. Detroit’s year-round appeal from summer boating and fishing to winter skiing and snowmobiling makes this a strategic foothold for short-term or long-term rental strategies.
Whether you’re an investor seeking stable cash flow or a developer pursuing future potential, this is a truly unique opportunity to participate in the long-term growth of one of Oregon’s quaint lake recreation-driven markets.