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Halsey Highlands Apartments 455 W D St 20 Unit Apartment Building $2,600,000 ($130,000/Unit) 7% Cap Rate Halsey, OR 97348

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INVESTMENT HIGHLIGHTS

  • Townhome Style Apartments. Well Maintained 20 Unit Complex located in the heart of the Willamette Valley Oregon. Property consists of 5 Four Plex's.
  • Courtyard in the center of units for all to enjoy.

EXECUTIVE SUMMARY

Townhome Style Apartments. Well Maintained 20 Unit Complex located in the heart of the Willamette Valley Oregon. Property consists of 5 Four Plex's. (19) 2 Bed 1.5 Bath and (1) 1 Bed 1 Bath units. Laundry Facilities and Parking on Site. Newer roofs on all buildings. Several units have been turned and updated in the last few years. Nice setting with a Courtyard available to all Tenants. Patio areas in back of each Apartment, could be individually fenced for Tenant privacy.

FINANCIAL SUMMARY (ACTUAL - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income $295,080 $15.76
Other Income $8,100 $0.43
Vacancy Loss $14,754 $0.79
Effective Gross Income $288,426 $15.41
Taxes $16,237 $0.87
Operating Expenses $91,160 $4.87
Total Expenses $107,397 $5.74
Net Operating Income $181,029 $9.67

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income
Annual $295,080
Annual Per SF $15.76
Other Income
Annual $8,100
Annual Per SF $0.43
Vacancy Loss
Annual $14,754
Annual Per SF $0.79
Effective Gross Income
Annual $288,426
Annual Per SF $15.41
Taxes
Annual $16,237
Annual Per SF $0.87
Operating Expenses
Annual $91,160
Annual Per SF $4.87
Total Expenses
Annual $107,397
Annual Per SF $5.74
Net Operating Income
Annual $181,029
Annual Per SF $9.67

PROPERTY FACTS

Price $2,600,000
Price Per Unit $130,000
Sale Type Investment
Cap Rate 7%
Gross Rent Multiplier 9.9
No. Units 20
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.64 AC
Building Size 18,720 SF
Average Occupancy 95%
No. Stories 2
Year Built/Renovated 1970/2022
Parking Ratio 2.14/1,000 SF
Zoning R-1 - R-1 Residential.

AMENITIES

UNIT AMENITIES

  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Patio

SITE AMENITIES

  • Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1.5 20 $1,200 936

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0313771
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$996,320
Annual Taxes
$16,237 ($0.87/SF)
Tax Year
2025 Payable 2026
  • Listing ID: 36809636

  • Date on Market: 7/18/2025

  • Last Updated:

  • Address: 455 W D St, Halsey, OR 97348

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