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540 W 3rd Ave 7 Unit Apartment Building $1,450,000 ($207,143/Unit) 5.35% Cap Rate Junction City, OR 97448
Executive Summary
Introducing 540 W. 3rd Ave., a well-maintained, newer construction multifamily property in Junction City, Oregon. Constructed in 2015 by a well respected local developer, the property consists of seven thoughtfully designed townhouse-style units, each offering approximately 830 square feet with two bedrooms and one-and-one-half bathrooms. The quality of construction, floor plans, and attractive residential setting, have contributed to the property's exceptional performance.
The property has historically remained occupied with an approximate 1% historical vacancy rate throughout the seller's ownership, reflecting the strong demand for quality rental housing in the Junction City market. Consistent occupancy, coupled with professionally maintained improvements, provides investors with in-place stable cash flow.
Ideally suited for a local investor or those seeking to expand an existing multifamily portfolio, 540 W. 3rd Ave. offers the combination of quality construction, and proven rental demand. This property represents an outstanding opportunity to acquire a multifamily investment with income stability and long-term appreciation potential.
* Please do not disturb tenants - all showings to be coordinated through Brokers.
The property has historically remained occupied with an approximate 1% historical vacancy rate throughout the seller's ownership, reflecting the strong demand for quality rental housing in the Junction City market. Consistent occupancy, coupled with professionally maintained improvements, provides investors with in-place stable cash flow.
Ideally suited for a local investor or those seeking to expand an existing multifamily portfolio, 540 W. 3rd Ave. offers the combination of quality construction, and proven rental demand. This property represents an outstanding opportunity to acquire a multifamily investment with income stability and long-term appreciation potential.
* Please do not disturb tenants - all showings to be coordinated through Brokers.
Property Facts
| Price | $1,450,000 | Apartment Style | Townhome |
| Price Per Unit | $207,143 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 5.35% | Building Size | 5,992 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2015 |
| Zoning | C/R - Commercial / Residential | ||
| Price | $1,450,000 |
| Price Per Unit | $207,143 |
| Sale Type | Investment |
| Cap Rate | 5.35% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 5,992 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2015 |
| Zoning | C/R - Commercial / Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 7 | - | 830 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0015543 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $758,777 |
Property Taxes
Parcel Number
0015543
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$758,777
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