Listing courtesy of Keller Williams Realty Central Oregon, agent Holly Cole
Data last updated June 15, 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.
Don't miss this one in the heart of Central Oregon's grasslands. Situated in the fertile valley floor, this updated home sits on a 1/2acre+ parcel in the center of historic Gateway. 4 miles from the Trout Creek Rec Area - bird hunting paradise! Home, shop & well appointed garden areas create an inviting family homestead. Home is well maintained w/wood look flooring in main living spaces, bright interiors w/plenty of windows. Kitchen offers a modern update w/white cabinets & new countertops, & plenty of storage. Double oven & all appliances included w/adjoining mud/laundry room. Well sized bedrooms & primary bath w/step-in shower. Upstairs is a huge bonus room w/additional bedroom - perfect private office or play space. Full basement for hobbies, wine cave, or conditioned storage! Outdoor living w/firepit & pergola covered eating area. Massive 30x40 shop w/rollup doors for RV/Boat parking or build out as a full shop, addtnl storage building, covered parking & manicured lawn area too
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $284,000 · $71,000 down · 30 year term
See the 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 $1,602 ($1,450–$1,850) · HUD Fair Market Rent (FY2025), Jefferson County, 3BR. Edit to your own number.
At $355,500 with 25% down, this property runs $863 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.
Showing Instructions: Please text showing assistant to inquire for showings at 541.604.7223 - Kelley. → to inquire for showings at 478
Private Remarks2: Use OREF forms for all offers. Please text showing assistant to inquire for showings at 541.604.7223 - Kelley. → Kelley, 478.299.7373.
Phone to Show Number: (541)604-7223 → 478.299.7373
ListPrice: 399900.00 → 379900.00
MlsStatus: Expired → Active
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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