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Park Apartments 354 S 8th St 22 Unit Apartment Building $5,100,000 ($231,818/Unit) 6.10% Cap Rate Carlton, OR 97111
Investment Highlights
- Built in 2024
- Cap Rate of 6.10%
- Zoned R2
- All 22 units are 2 Bed / 2 Bath
- 2025 NOI of approximately $310,000
- 29 off street parking spaces
Executive Summary
Newly constructed 22-unit apartments in Carlton,
Oregon! Fantastic investor opportunity to join this
growing market in Yamhill County! Units are all 2-
bedroom / 2-bathroom with laundry hookups.
Carlton is renowned for its award-winning wineries and tasting
rooms, providing a unique lifestyle attraction for potential tenants.
The area also boasts a vibrant arts scene, with local galleries and
studios showcasing the creative spirit of the community. Nearby,
visitors can explore the beautiful Wennerberg Park or take
advantage of the numerous dining options, breweries, and
boutiques within walking distance.
Oregon! Fantastic investor opportunity to join this
growing market in Yamhill County! Units are all 2-
bedroom / 2-bathroom with laundry hookups.
Carlton is renowned for its award-winning wineries and tasting
rooms, providing a unique lifestyle attraction for potential tenants.
The area also boasts a vibrant arts scene, with local galleries and
studios showcasing the creative spirit of the community. Nearby,
visitors can explore the beautiful Wennerberg Park or take
advantage of the numerous dining options, breweries, and
boutiques within walking distance.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Large Bedrooms
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 22 | - | 939 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 715208 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,797,401 |
Property Taxes
Parcel Number
715208
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,797,401
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Park Apartments | 354 S 8th St
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