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160 Spring St 3 Unit Apartment Building $329,990 ($109,997/Unit) 6.83% Cap Rate Gardiner, OR 97441
Investment Highlights
- 100% occupied with long term tenants that all wish to stay, and will pay higher rents as they know it is under market value currently.
Executive Summary
Excellent Investment opportunity, single level tri-plex of studio apartments with 3 long term renters in place. All tenants would love to stay in place and continue to rent. Current rent is below market value, and all three units have been remodeled within the last 8 years. Exterior is in excellent shape, with fiber board siding, off street parking, and newer windows, appliances and more.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $329,990 | Property Subtype | Apartment |
| Price Per Unit | $109,997 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 2,999 SF |
| Cap Rate | 6.83% | Average Occupancy | 100% |
| Sale Condition | 1031 Exchange | No. Stories | 1 |
| Gross Rent Multiplier | 11.3 | Year Built | 1966 |
| No. Units | 3 | Opportunity Zone |
Yes
|
| Property Type | Multifamily | ||
| Zoning | C2 - Commercially zoned, but has been a residential tri-plex for years. | ||
| Price | $329,990 |
| Price Per Unit | $109,997 |
| Sale Type | Investment |
| Cap Rate | 6.83% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.3 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.27 AC |
| Building Size | 2,999 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1966 |
| Opportunity Zone |
Yes |
| Zoning | C2 - Commercially zoned, but has been a residential tri-plex for years. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $812.50 | - |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Property Taxes
| Parcel Number | R64142 | Total Assessment | $102,198 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
R64142
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$102,198
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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160 Spring St