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Listed by SMI Commercial Real Estate LLC
$ 2,350,000
Est. payment | /mo
0.69 Acres Lot
$ 2,350,000
Est. payment | /mo
0.69 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 274133244
Year Built 1964
Annual Tax Amount $14,540
Tax Year 2025
Lot Size 0.690 Acres
Property Description
The Whitman 16 is a value-add 16-unit property directly adjacent to Western Oregon University. The property features (12) large 2 bed / 1 bath units and (4) 1 bed / 1 bath units situated on 0.69 acres. Property has a brand-new exterior, new siding, paint, windows, doors, and roofs. Most recent leases at $1,350 puts projected NOI at $166,896 and a 7.27% cap rate.Please do not disturb the residents.Members of the selling entity are Licensed Real Estate Brokers in the State of Oregon.
Location
State OR
County Polk
Area _167
Zoning RH
Interior
Heating Other
Cooling Other
Exterior
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Monmouth
Middle Schools Talmadge
High Schools Central
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
Nearby Locations
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