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124 NW 4th Ave
Ontario, OR 97914

$1,200,000 USD

Apartments For Sale  •  4,660 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,660 SF
  • Lot Size 0.42 AC
  • Building Class C
  • Year Built 1946
  • Cap Rate 5.37 %
  • Zoning High Density
30 Transit Score
50 Walk Score

Highlights

Fully occupied 18-unit apartment complex with a proven rental history.
Four separate buildings on a 0.42-acre corner lot, originally a hotel converted to apartments.
Units include a mix of studio and one-bedroom layouts, some with kitchenettes and stoves.
Convenient location near schools, retail, and community services in Ontario, Oregon.
Strong investment fundamentals with a reported 5.58% cap rate and potential for portfolio growth.
Well-maintained property demonstrating consistent care and operational stability.

Property Flyers

Cap Rate: 5.37 %

Amenities

  • Trash Pickup - Curbside
  • Refrigerator
  • Satellite TV
  • Range
  • Wi-Fi
  • Public Transportation
  • Fiber Optic Internet
Kellie Robinson 208-739-6876 True North Real Estate Group, Llc
Kellie Robinson 208-739-6876 True North Real Estate Group, Llc