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Listed by ERIC SWANSON • SMI REAL ESTATE • Cell: 541-990-3795
$2,295,000
Est. payment /mo
13,052 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi- (5+)
Listing Status Active
Purchase Type For Sale
Square Footage 13,052 sqft
Price per Sqft $175
MLS Listing ID 840506
Annual Tax Amount $14,540
Tax Year 2025
Lot Size 0.690 Acres
Acres 0.69
Property Sub-Type Multi- (5+)
Property Description
The Whitman 16 is a value-add 16-unit property directly adjacent to Western Oregon University. The property features (12) large 2 bed / 1 bath units and (4) 1 bed / 1 bath units situated on 0.69 acres. Property has a brand-new exterior, new siding, paint, windows, doors, and roofs. Most recent leases at $1,350 puts projected NOI at $166,896 and a 7.27% cap rate.Please do not disturb the residents.Members of the selling entity are Licensed Real Estate Brokers in the State of Oregon.
Location
State OR
County Polk
Area 95 Polk County
Interior
Laundry Laundry Center
Exterior
Roof Type Metal or Aluminum
Building
Sewer City
Water City
New Construction No
Others
Acceptable Financing FHA, Federal VA, Cash, Conventional
Listing Terms FHA, Federal VA, Cash, Conventional
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Nearby School & Business
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