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Listed by Constant Commercial Real Estate Inc • 503-222-0282
$ 4,850,000
Est. payment | /mo
1.27 Acres Lot
$ 4,850,000
Est. payment | /mo
1.27 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 229235186
Year Built 1970
Annual Tax Amount $28,124
Tax Year 2025
Lot Size 1.270 Acres
Property Description
Willamette Pointe Apartments presents a rare opportunity to acquire a fully stabilized, 24-unit apartment community in the heart of Oregon's I-5 Corridor. Comprised of six two-story buildings on 1.27 acres, the property was built in 1970 and extensively renovated in 2018 — including updated interiors, roofing, and exterior improvements — offering the operational profile of a modern asset at a compelling basis well below replacement cost. All 24 units are identically configured as two-bedroom, one-and-a-half-bath floor plans of 931 SF, providing management simplicity and broad tenant appeal. Located in Woodburn, Oregon — midway between Portland (30 miles) and Salem (20 miles) — the property benefits from a dual-metro employment base and an established renter population. In-place rents average $1,737 per unit.
Location
State OR
County Marion
Area _170
Zoning RM
Interior
Heating Wall Heater
Cooling Window Unit
Exterior
Garage No
Building
Lot Description Level
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Washington
Middle Schools French Prairie
High Schools Woodburn
Others
Acceptable Financing CallListingAgent, Cash, Conventional
Listing Terms CallListingAgent, Cash, Conventional
Nearby Locations
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