354 S 8th St - Multi-Family FOR SALE


Carlton, OR 97111
$5,100,000 USD
503-587-4777
354 S 8th St, Carlton, OR for Sale
$5,100,000 USD
Multi-Family - FOR SALE
1/19
null | 6.1% Cap Rate

354 S 8th St
Carlton, OR 97111


HIGHLIGHTS

  • Built in 2024
  • All 22 units are 2 Bed / 2 Bath
  • Cap Rate of 6.10%
  • 2025 NOI of approximately $310,000
  • Zoned R2
  • 29 off street parking spaces

OVERVIEW

Newly constructed 22-unit apartments in Carlton, Oregon! Fantastic investor opportunity to join this growing market in Yamhill County! Units are all 2- bedroom / 2-bathroom with laundry hookups. Carlton is renowned for its award-winning wineries and tasting rooms, providing a unique lifestyle attraction for potential tenants. The area also boasts a vibrant arts scene, with local galleries and studios showcasing the creative spirit of the community. Nearby, visitors can explore the beautiful Wennerberg Park or take advantage of the numerous dining options, breweries, and boutiques within walking distance.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$247 USD /SF

# OF UNITS

22

PRICE/UNIT

$231,818

CAP RATE

6.1%

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

R2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Alex RhotenColdwell Banker Commercial Mountain WestMore Info
503-587-4777

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Alex RhotenColdwell Banker Commercial Mountain WestMore Info
503-587-4777

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