107 Alder StJoseph, OR 97846

Property Details for 107 Alder St

Lot size

0.13 AC

Property size (Sq ft)

2,220 SF

Property type

Other commercial real estate

APN

02S4530DA 1100

APU

02S4530DA1100

Description

This exceptional two-story, five-unit apartment building in Joseph, Oregon, presents a compelling investment opportunity. Priced at $2,750,000, the property boasts 7,135 square feet of total building space, strategically designed for both long-term rentals and vacation rentals. Each unit offers 1,427 square feet of living space, complemented by a 273 square foot garage, totaling 3 bedrooms and 2.5 bathrooms. Modern finishes include laminate flooring, granite countertops, and unique Astroturf backyards, minimizing maintenance. Climate control is ensured by ductless heat pumps and supplemental Cadet wall heaters. Superior insulation (10 inches of blown-in insulation in common walls) enhances fire protection and privacy. The units are fully furnished, including all furniture, bedding, kitchen appliances (including a built-in dishwasher), and an extra-large washer and dryer. Zoned for commercial use, specifically vacation rentals, this property is ideally positioned to capitalize on the peak season in 2025. Located within walking distance of downtown Joseph and the rodeo grounds, the building's second-floor living areas maximize stunning Eagle Cap Mountain views. Exterior features include low-maintenance materials such as concrete sidewalks and asphalt, along with attractive soffit lighting. Separate electrical meters for each unit offer efficient utility management. This turnkey investment is ready for immediate income generation.

• Alternative Use

  Use

  Valuation

  Residential

  $517,781

  Hospitality

  $474,285

  Educational

  $394,599

  Medical

  $408,170

  Retail

  $613,821

Location Insight

City

Joseph

County

Wallowa

State

Oregon

Latitude

45.3564

Longitude

-117.231

Property Tax & Assessments

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