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110 C St - 110 W C St 3 Unit Apartment Building Offered at $399,000 at a 4.87% Cap Rate Rainier, OR 97048
Investment Highlights
- Right in the heart of Rainier
- Newer roof, HVAC and decks
- Large upside potential with rents
Executive Summary
Large upside in this well maintained triplex in the heart of Rainier!! This property features a well designed duplex and a stand alone third unit! Both units of the duplex are rented with long term tenants in place the 3rd unit is empty and would need to be finished being converted. Third unit was previously a garage that has been started being converted with a full bathroom, laundry hook-ups, refrigerator, and so much space could potentially be 2 bedrooms. Owner pays for water and sewer, tenants pay for power and garbage! Both units of the duplex are very nicely laid out 2 bed 1 baths with a 2 year old roof and newer mini split systems
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$24,000
|
$9.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$24,000
|
$9.24
|
| Taxes |
$4,032
|
$1.55
|
| Operating Expenses |
$2,880
|
$1.11
|
| Total Expenses |
$6,912
|
$2.66
|
| Net Operating Income |
$17,088
|
$6.58
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $24,000 |
| Annual Per SF | $9.24 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $24,000 |
| Annual Per SF | $9.24 |
| Taxes | |
|---|---|
| Annual | $4,032 |
| Annual Per SF | $1.55 |
| Operating Expenses | |
|---|---|
| Annual | $2,880 |
| Annual Per SF | $1.11 |
| Total Expenses | |
|---|---|
| Annual | $6,912 |
| Annual Per SF | $2.66 |
| Net Operating Income | |
|---|---|
| Annual | $17,088 |
| Annual Per SF | $6.58 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Refrigerator
- Oven
- Tub/Shower
- Yard
- Vinyl Flooring
Site Amenities
- Fiber Optic Internet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,100 | 882 |
| 1+1 | 1 | - | 832 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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Contact the Sale Advisor
110 C St - 110 W C St