150 H St - Apartments FOR SALE


Independence, OR 97351
$2,900,000 USD
503-351-0146
150 H St, Independence, OR for Sale
$2,900,000 USD
Apartments - FOR SALE
1/11
null | 6.27% Cap Rate

150 H St
Independence, OR 97351


HIGHLIGHTS

  • Private Off-Street Access
  • Spacious Floorplans with Natural Light
  • Beautifully Maintained Outdoor Common Areas

OVERVIEW

Oak Villa is a prime 26-unit apartment complex located on 1.45 acres just blocks from the vibrant downtown Independence, making it an attractive investment opportunity in a highly sought-after market. Owned and professionally managed by a dedicated ownership group for over 20 years, this property boasts a solid track record of stability and tenant satisfaction. The complex features spacious garden-style one-bedroom, one-bath units, characterized by large windows that create bright, inviting living spaces. The low-density layout enhances the property’s appeal, providing a condo-like atmosphere that residents appreciate. Mature greenery and thoughtfully designed landscaping ensure privacy and tranquility, contributing to a high quality of life for tenants. Nestled away from main thoroughfares and accessed via a private shared road, Oak Villa benefits from low traffic and noise, offering a peaceful retreat while remaining close to local amenities, shopping, and dining options. The property has historically maintained low vacancy rates, reflecting strong demand for quality rental housing in the area. This trend positions Oak Villa to continue commanding competitive rental rates, ensuring solid cash flow for investors. With 1.45 acres of land, this property presents an exceptional opportunity for a nimble investor to explore potential development options or expansions that could further enhance its value. The combination of proven management history, desirable location, and additional land offers significant upside for those looking to capitalize on a growing market. Oak Villa represents an outstanding opportunity for investors seeking a stable, income-producing asset with the potential for long term appreciation. Don’t miss out on the chance to acquire a property that combines immediate returns with growth potential in a thriving community.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$199 USD /SF

# OF UNITS

26

PRICE/UNIT

$111,538

CAP RATE

6.27%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oakvilla Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,237 SF

ZONING

RH

APN/PARCEL ID

206459

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.