For Sale
$2,100,000
303 8Th Ave Ontario, OR 97914
- Added:
- Dec 11, 2024
- Days on market:
- 131
Highlights
- Excellent investment opportunity: 18-unit, recently renovated multifamily complex.
- Three buildings on a single lot, comprising 12 two-bedroom, 4 one-bedroom, and 2 studio apartments.
- Quiet location near parks, rivers, and shopping. High demand with limited competition, offering strong rental upside.
- Attractive park-like setting; average rent $1,049; 5% cash flow at a 30-year amortization and 7% interest. Asking price: $2,100,000.
- Built in 1971, renovated 2022-2023; vinyl siding, membrane roof, two stories. Original plumbing and electrical.
- Prime location with high appreciation potential and strong tenant demand, minutes from downtown Ontario.
Property Details for 303 8Th Ave
- Property type
- Apartment buildings
- Square Feet
- 13,240 SF
- Class
- B
- Year Built/Renovated
- 1971/2022
- Buildings
- 3
- Stories
- 2
- Units
- 18
Location Insight
- City
- Ontario
- County
- Malheur
- State
- Oregon
- Latitude
- 44.0359801
- Longitude
- -116.9641696
303 8Th Ave, Ontario, Oregon
Nearby Similar for Sale
FAQs
- Where is the apartment building located?
- The property is located at 303 8Th Ave Ontario, OR.
- What is the asking price?
- The asking price for this property is $2,100,000.
- What are key features of this property?
- This property features: Excellent investment opportunity: 18-unit, recently renovated multifamily complex.; Three buildings on a single lot, comprising 12 two-bedroom, 4 one-bedroom, and 2 studio apartments.; Quiet location near parks, rivers, and shopping. High demand with limited competition, offering strong rental upside.
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