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349 W Pine St 20 Unit Apartment Building $2,950,000 ($147,500/Unit) 5.41% Cap Rate Central Point, OR 97502
Executive Summary
20 unit apartment complex, units are 2 bedroom, 1 bath flats, approximately 896 sq.ft., recreation room, inground pool, laundry facility. Rental rates range from $775 to $1,094 per month, units are separately metered for water and sewer. Utility reimbursement from Tenants range from $45 to $60 per month. There are 5 two story buildings with 4 units in each building. Complex was originally built as a condominium project.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | $2,950,000 | Apartment Style | Garden |
| Price Per Unit | $147,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.35 AC |
| Cap Rate | 5.41% | Building Size | 22,036 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 1.82/1,000 SF |
| Zoning | R-3 - R-3 multifamily | ||
| Price | $2,950,000 |
| Price Per Unit | $147,500 |
| Sale Type | Investment |
| Cap Rate | 5.41% |
| Sale Condition | 1031 Exchange |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.35 AC |
| Building Size | 22,036 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | R-3 - R-3 multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Pool
- Lounge
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 20 | $935.00 | 896 |
1 1
Walk Score®
Very Walkable (72)
Property Taxes
| Parcel Number | 10142697 | Total Assessment | $1,276,830 (2026) |
| Land Assessment | $0 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
10142697
Land Assessment
$0 (2026)
Improvements Assessment
$0 (2026)
Total Assessment
$1,276,830 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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349 W Pine St
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