405 S Blaine St - Apartments FOR SALE


Newberg, OR 97132
$1,100,000 USD
503-542-5489
405 S Blaine St, Newberg, OR for Sale
$1,100,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

405 S Blaine St
Newberg, OR 97132


HIGHLIGHTS

  • 100% Occupancy
  • Storage units
  • On-site laundry
  • Covered parking
  • Professionally managed and maintained

OVERVIEW

Colliers is pleased to present Blaine Apartments, a well-located multifamily asset in the heart of Newberg, Oregon—an inviting and fast-growing community at the gateway to Oregon’s renowned wine country. Surrounded by over 100 wineries and hundreds of vineyards, Newberg attracts both residents and visitors with its scenic charm, walkability, and high quality of life. Blaine Apartments offers an exceptional urban living experience with a Walk Score of 89 and immediate access to local parks including Memorial Park, Rotary Centennial Park, and Hoover Park. Residents also benefit from proximity to three major shopping centers—Everest Center, Vintage Square, and Crossroads Plaza—all within a 4-minute drive. Healthcare needs are easily met with Providence Newberg Medical Center just 6 minutes away. With its prime location, strong tenant appeal, and proximity to both daily conveniences and regional attractions, Blaine Apartments presents a compelling opportunity for investors seeking long-term value and stability in one of Oregon’s most desirable submarkets.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

5

PRICE/UNIT

$220,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Blaine Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R3

APN/PARCEL ID

49502

ASK ABOUT THIS PROPERTY

Jared WhippsColliersMore Info
503-542-5489

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Jared WhippsColliersMore Info
503-542-5489

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