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1014 Main St 14 Unit Apartment Building $929,000 ($66,357/Unit) 10.52% Cap Rate Oroville, WA 98844
EXECUTIVE SUMMARY
Own a Piece of Oroville’s Historic Charm – Prime Investment Opportunity! The Alaskan Apartments feature 12 updated rental apartments and 2 cozy cabins. The property spans three parcels, offering outdoor space for tenants to enjoy, and is located just a few blocks from grocery stores, shops, restaurants, schools, and more. Each apartment has been carefully updated, with private bathrooms adding extra appeal. The expansive outdoor areas are a rare feature for a rental property like this. With strong demand for rentals and steady income potential, this property is a solid investment. The three-parcel setup also offers future development opportunities to increase value. Parcels: 2040560900, 2040561101, 2040561200.
PROPERTY FACTS
| Price | $929,000 | Apartment Style | Low-Rise |
| Price Per Unit | $66,357 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 10.52% | Building Size | 15,000 SF |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment |
| Price | $929,000 |
| Price Per Unit | $66,357 |
| Sale Type | Investment |
| Cap Rate | 10.52% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 15,000 SF |
| No. Stories | 2 |
| Year Built | 1950 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 14 | - | - |
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PROPERTY TAXES
| Parcel Number | 2040560900 | Improvements Assessment | $423,100 |
| Land Assessment | $32,500 | Total Assessment | $455,600 |
PROPERTY TAXES
Parcel Number
2040560900
Land Assessment
$32,500
Improvements Assessment
$423,100
Total Assessment
$455,600
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Cb Cascade - Lake Chelan
1014 Main St
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