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1900 Monroe St 6 Unit Apartment Building $580,000 ($96,667/Unit) 7.31% Cap Rate North Bend, OR 97459
Investment Highlights
- Central Location
- Low vacancy with long term tenants
- New roof
- Nearly all single level building
- Multiple remodeled units
Executive Summary
Investment opportunity! Six unit building on a corner lot, conveniently located near downtown North Bend. Four 1bed/1bath units, one studio unit, and one 2bed/1.5bath unit. Several long term tenants. Three units have undergone remodels recently along with other building improvements, including a new roof. Please DO NOT DISTURB TENANTS.
Data Room Click Here to Access
Financial Summary (Pro Forma - 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $580,000 | Apartment Style | Low-Rise |
| Price Per Unit | $96,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 7.31% | Building Size | 3,024 SF |
| Gross Rent Multiplier | 12 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1946 |
| Property Subtype | Apartment | ||
| Zoning | CG | ||
| Price | $580,000 |
| Price Per Unit | $96,667 |
| Sale Type | Investment |
| Cap Rate | 7.31% |
| Gross Rent Multiplier | 12 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,024 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1946 |
| Zoning | CG |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 4 | - | - |
| 2+1.5 | 1 | - | - |
1 1
Walk Score®
Very Walkable (75)
Property Taxes
| Parcel Number | 1006304600 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $161,330 |
Property Taxes
Parcel Number
1006304600
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$161,330
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1900 Monroe St
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