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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 | 0.30 AC |
| Cap Rate | 10.52% | Building Size | 11,130 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 | 0.30 AC |
| Building Size | 11,130 SF |
| No. Stories | 2 |
| Year Built | 1950 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 14 | - | - |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 2040560900 | Improvements Assessment | $452,800 |
| Land Assessment | $32,500 | Total Assessment | $485,300 |
Property Taxes
Parcel Number
2040560900
Land Assessment
$32,500
Improvements Assessment
$452,800
Total Assessment
$485,300
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Contact the Sale Advisor
1014 Main St