124 NW 4th Ave - Apartments FOR SALE


Ontario, OR 97914
$1,200,000 USD
208-739-6876
124 NW 4th Ave, Ontario, OR for Sale
$1,200,000 USD
Apartments - FOR SALE
1/24
null | 5.37% Cap Rate

124 NW 4th Ave
Ontario, OR 97914


HIGHLIGHTS

  • Fully occupied 18-unit apartment complex with a proven rental history.
  • Four separate buildings on a 0.42-acre corner lot, originally a hotel converted to apartments.
  • Units include a mix of studio and one-bedroom layouts, some with kitchenettes and stoves.
  • Convenient location near schools, retail, and community services in Ontario, Oregon.
  • Strong investment fundamentals with a reported 5.58% cap rate and potential for portfolio growth.
  • Well-maintained property demonstrating consistent care and operational stability.

OVERVIEW

This is an amazing investment opportunity!! 18 fully rented units with a long standing and solid rental history. These units are separated into four structures on a .42 acre corner lot. The neighborhood is quiet and the units all show pride of ownership. The history of this parcel is that it used to be a hotel and then was converted into studio units and or 1 bedroom units. Some of these units have kitchenettes with a stove and some do not. These units are available to be shown to prequalified buyers once an offer has been accepted so as to not disturb the tenants. You may drive by and view the exterior at any time, just do not disturb the tenants. If you're looking to do a 1031 exchange or looking to expand your portfolio with a 5.58% cap rate then do not pass this property by! It's truly amazing and has been very well cared for.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$258 USD /SF

# OF UNITS

18

PRICE/UNIT

$66,667

CAP RATE

5.37%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ontario Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,447 SF

ZONING

High Density

APN/PARCEL ID

18S4703CB 4600

ASK ABOUT THIS PROPERTY

Kellie RobinsonTrue North Real Estate Group, LlcMore Info
208-739-6876

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Kellie RobinsonTrue North Real Estate Group, LlcMore Info
208-739-6876

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