# 151 NE Alder Street, Toledo, OR 97391

> **TL;DR:** 0bd/1ba commercial, $265,000 ($207/sqft), built 1915, 1,283 sqft. Est. $1,417/mo. Listed 152 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $265,000 |
| Price/sqft | $207 |
| Bathrooms | 1 full |
| Square Feet | 1,283 |
| Year Built | 1915 |
| Lot Size | 871 sqft (0.02 acres) |
| Stories | 2 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 152 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,340 |
| Estimated Insurance | $77 |
| **Total** | **$1,417** |

## Property Highlights

- Built in 1915
- 0.02 acre lot
- 2 stories

## Description

### Agent Description
Nestled among the gently rolling landscapes of Toledo, Oregon, the historic School House Museum stands as a treasured symbol of learning, community, and heritage. For the first time in decades, this beloved landmark is being offered for sale, presenting a rare opportunity to become part of its rich and storied legacy. Over the years, the building has served as a gathering place for residents, historians, artists, and visitors, fostering a strong sense of community pride and shared identity. Its evocative architecture, featuring original wood flooring, tall windows, and period details, has made it one of Toledo's most cherished landmarks. The welcoming entry opens into a spacious main hall with soaring ceilings and abundant natural light, creating an inspiring and versatile environment. Many original features have been thoughtfully preserved and restored, honoring the building's historic character while enhancing its functionality. Outside, a shared gated entrance leads to a charming brick patio, offering ample space for entertaining, gatherings, or outdoor events. Located in the heart of Toledo's vibrant Toledo Arts District, this unique property offers exceptional potential for a variety of uses, including a community center, art gallery, studio, boutique business, educational facility, creative workspace, or even a distinctive private residence (subject to applicable approvals). This is a rare opportunity to own a piece of Toledo history and write the next chapter for this remarkable property.

## Location

- **Address:** 151 NE Alder Street, Toledo, OR 97391
- **County:** Lincoln
- **Neighborhood:** Toledo 4th Addition
- **Coordinates:** 44.620824, -123.936065
- **Google Maps:** https://www.google.com/maps?q=44.620824,-123.936065

## Listing Agent

- **Name:** Deanna Christine Watkins · **License:** 200804085
- **Brokerage:** Windermere West Coast Properties
- **Broker Phone:** 5412655455

## Photos

![151 NE Alder Street - Photo 1](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f371889624r.jpg)

![151 NE Alder Street - Photo 2](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f3399994448r.jpg)

![151 NE Alder Street - Photo 3](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f1725102097r.jpg)

![151 NE Alder Street - Photo 4](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f3899670735r.jpg)

![151 NE Alder Street - Photo 5](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f1004779652r.jpg)

![151 NE Alder Street - Photo 6](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f3103119228r.jpg)

![151 NE Alder Street - Photo 7](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f1795993193r.jpg)

![151 NE Alder Street - Photo 8](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f3357466771r.jpg)

![151 NE Alder Street - Photo 9](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f1149998176r.jpg)

![151 NE Alder Street - Photo 10](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f1092847817r.jpg)

![151 NE Alder Street - Photo 11](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f477401245r.jpg)

![151 NE Alder Street - Photo 12](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f937015087r.jpg)

![151 NE Alder Street - Photo 13](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f3254996693r.jpg)

![151 NE Alder Street - Photo 14](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f2375767438r.jpg)

![151 NE Alder Street - Photo 15](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f2337670002r.jpg)

![151 NE Alder Street - Photo 16](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f1411961291r.jpg)

![151 NE Alder Street - Photo 17](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f2098696134r.jpg)

![151 NE Alder Street - Photo 18](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f3239448533r.jpg)

![151 NE Alder Street - Photo 19](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f919367105r.jpg)

![151 NE Alder Street - Photo 20](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f1137115199r.jpg)

![151 NE Alder Street - Photo 21](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f3893728050r.jpg)

![151 NE Alder Street - Photo 22](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f3357844853r.jpg)

![151 NE Alder Street - Photo 23](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f2548366901r.jpg)

![151 NE Alder Street - Photo 24](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f2614485960r.jpg)

![151 NE Alder Street - Photo 25](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f140910439r.jpg)

![151 NE Alder Street - Photo 26](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f2598758024r.jpg)

![151 NE Alder Street - Photo 27](http://lh.rdcpix.com/d415e6440061d418c0d58224a7fbdb8al-f3125588905r.jpg)

---

**MLS#:** 26-1517 | **Updated:** 2026-10-29
**Source:** listhub

*Copyright © 2026 Oregon Coast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/151-ne-alder-street-toledo-or-97391-da1fc7bb3d8f4d97b43b5d648396ff94)

---

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