108 SE 6th St - Apartments FOR SALE


College Place, WA 99324
$1,400,000 USD
503-351-0146
108 SE 6th St, College Place, WA for Sale
$1,400,000 USD
Apartments - FOR SALE
1/12
null | 6.24% Cap Rate

108 SE 6th St
College Place, WA 99324


HIGHLIGHTS

  • DESIRABLE UNIT MIX - Primarily All Attractive High Demand Two-Bedroom Units
  • TIGHT OCCUPANCY - Extremely Low Vacancy on Highly Sought After Location
  • CIVIC CORE LOCATION - Ideally Located Next to City Hall, Police Headquarters and Fire Station
  • PROFESSIONAL OVERSIGHT - Professionally Managed and Maintained
  • RENTAL UPSIDE - Strong Upside in Already Achieved Rents

OVERVIEW

The Rhoades Group of Marcus & Millichap is pleased to exclusively present Tower View Apartments, an 11-unit multifamily investment opportunity located in College Place.? The property consists of four separate residential structures situated on a 0.61-acre tax lot, including one fourplex, one triplex, and two duplexes.? Three of the four buildings were constructed between 1975 and 1982, while the original 1910 structure has undergone significant upgrades and modernization over time.? Throughout the current ownership’s six-year tenure, the asset has benefited from professional management and consistent maintenance.? Notable capital improvements include roofs on all structures within the past 10 years and upgraded ABS plumbing with copper supply lines in three of the four buildings.? Additionally, six of the 11 units have been renovated, featuring newer appliances, updated LVP and carpet flooring combinations, cadet heating systems, and in-wall air conditioning.? Approximately $15,000 invested in lot line adjustment, architectural plans, and a geotechnical survey for a potential duplex addition on the property approved by the city of College Place.? The property offers a desirable unit mix of eight two-bedroom, one-bathroom units and three one-bedroom, one-bathroom units, with sizes ranging from approximately 500 to 843 square feet.? The multi-building layout provides a more residential setting while reducing concentration risk and enhancing operational flexibility.? Tower View Apartments is strategically located near Walla Walla University and downtown Walla Walla.? The surrounding area is supported by a diverse economic base including education, healthcare, agriculture, and tourism.? Proximity to the Tri-Cities growth corridor further strengthens rental demand, supporting stable occupancy and long-term rent growth.?

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$127 USD /SF

# OF UNITS

11

PRICE/UNIT

$127,273

CAP RATE

6.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tower View Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

-

APN/PARCEL ID

350736600536

ASK ABOUT THIS PROPERTY

Whitney RhoadesMarcus & MillichapMore Info
503-351-0146

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Whitney RhoadesMarcus & MillichapMore Info
503-351-0146

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.