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18248 Redwood Highway Selma , Oregon 18248 Redwood Hwy 3 Unit Apartment Building $779,000 ($259,667/Unit) 7% Cap Rate Selma, OR 97538
Executive Summary
Great investment opportunity. All remodeled home, air bnb and warehouse type building. Over three acres with a creek running through the back. Perfect location for a business, Airbnb and to live.
Property Facts
| Price | $779,000 | Property Subtype | Apartment |
| Price Per Unit | $259,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.06 AC |
| Cap Rate | 7% | Building Size | 1,890 SF |
| Sale Condition | Business Value Included | No. Stories | 2 |
| No. Units | 3 | Year Built/Renovated | 1945/2025 |
| Property Type | Multifamily | ||
| Zoning | RC - In zoning, RC most commonly stands for Resource Conservation or Rural Conservation. These districts are designed to protect environmentally sensitive areas, manage open space, and restrict high-density development. | ||
| Price | $779,000 |
| Price Per Unit | $259,667 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Sale Condition | Business Value Included |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 3.06 AC |
| Building Size | 1,890 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1945/2025 |
| Zoning | RC - In zoning, RC most commonly stands for Resource Conservation or Rural Conservation. These districts are designed to protect environmentally sensitive areas, manage open space, and restrict high-density development. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | - | 1,890 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Property Taxes
| Parcel Number | R327775 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $219,050 |
Property Taxes
Parcel Number
R327775
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$219,050
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18248 Redwood Highway Selma , Oregon | 18248 Redwood Hwy