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344 SE Elm St 1,906 SF 100% Leased Flex Building Prineville, OR 97754 $399,000 ($209.34/SF) 3.87% Cap Rate
Executive Summary
Excellent opportunity to acquire a well-located triplex with proven rental history in the heart of Prineville. This income-producing property offers the opportunity to own multiple doors and strong diversification for investors seeking steady cash flow and long-term upside. Consistent occupancy and solid rents support an attractive cap rate, with additional potential through operational efficiencies and future rent growth. Centrally located within town, the property offers convenient access to schools, shopping, dining, and employment centers—driving continued tenant demand. Ideal for both seasoned investors and those looking to expand their portfolio with a stable, low-maintenance asset in a growing Central Oregon market. Please note: a related property is also available at 1505 NW Harwood St.
Property Facts
| Price | $399,000 | Rentable Building Area | 1,906 SF |
| Price Per SF | $209.34 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1948 |
| Cap Rate | 3.87% | Opportunity Zone |
Yes
|
| Property Type | Flex |
| Price | $399,000 |
| Price Per SF | $209.34 |
| Sale Type | Investment or Owner User |
| Cap Rate | 3.87% |
| Property Type | Flex |
| Rentable Building Area | 1,906 SF |
| No. Stories | 1 |
| Year Built | 1948 |
| Opportunity Zone |
Yes |
1 1
Property Taxes
| Parcel Number | 008504 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $137,590 |
Property Taxes
Parcel Number
008504
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$137,590
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344 SE Elm St
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