$439,000 Price Analysis    ♡   La Grande, OR 97850 21 bed 21 bath unknown SqFt ($0/SqFt) 4,791SqFt lot. Built 1920 Listed 2024-03-04, Taxes $2,853 | ✓ USDA Eligible near La Grande, OR |
Welcome to 1204 8th Street
* Sale Pending *A unique apartment complex in pleasing La Grande, Oregon. A rare public offering of a six-unit apartment building, the 8th Street Apartments presents an extraordinary opportunity to step into an established complex with strong in-place income and proven upside.The property itself consists of six units, spread through one building. While retaining much of its original character, the property has been extensively remodeled with over $200, 000 worth of recent improvements. Five units have been renovated, two of which are currently vacant and recently completed, with the remaining unit ripe for a cosmetic renovation and rents to be reset to market rates.
Sited on a flat, centrally located, 0.11-acre lot, 8th Street Apartments enjoys an exceptional location in La Grande. The complex is strategically located adjacent to Eastern Oregon University and within walking distance of La Grande Middle and High School. The property is blocks from downtown La Grande and multple parks, as well as a short drive to grocery, retail, employment and easy access to Highways 84 and 30.Anchored by Eastern Oregon University, La Grande and the Grande Ronde Valley as a whole is a dynamic market, known for its arts scene, recreational opportunities and natural beauty of the high desert. 8th Street Apartments is an attractive opportunity to unlock significant value from both an established, profitable building and a beautiful, growing city.
Presented by Evan Kaseberg at
LandLeader.
Property MLS #24448955 from RMLS
Heating Features: Ductless, ForcedAir
Heating: Yes
Water Heaters: Electricity
Lot Size Acres: 0.1099862
Lot Size Square Feet: 4791
Rent Includes: Electricity, Gas, Sewer, TrashCollection, Water
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Middle School: La Grande
Map directions Map directions Map directions Map directionsAnnual Tax Amount: 2843.639999999
Source Listing Status: Pending
County: Union
Cap Rate: 5.12
Directions: 8th St.
Tax Year: 2023
Source Property Type: MultiFamily
Parcel Number: 3702
Zoning: LG-R3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $102,751 + $48,820 $151,571 | $2,853 |
| 2021 | $99,680 + $47,477 $147,157 | $2,559 |
| 2020 | $96,777 + $46,094 $142,871 | $2,488 |
| 2019 | $93,601 + $45,109 $138,710 | $2,503 |
| 2018 | $92,288 + $42,382 $134,670 | $2,417 |
| 2017 | $89,332 + $41,416 $130,748 | $2,300 |
| 2016 | $86,620 + $40,310 $126,930 | $2,144 |
| 2015 | $86,698 + $40,242 $126,940 | $2,108 |
| 2014 | $84,234 + $39,009 $123,243 | $1,872 |
| 2013 | $81,781 + $37,873 $119,654 | $1,883 |
| 2012 | $88,234 + $27,935 $116,169 | $1,903 |
| 2011 | $85,665 + $27,121 $112,786 | $1,851 |
| 2010 | $83,170 + $26,331 $109,501 | $1,835 |
$439,000
RMLS
Listing removed 2024-03-28
$510,000
RMLS
Listed 2024-03-04
$449,000
RMLS
Sold 2022-01-18
$290,000
Public Record
Sold 1994-12-29
$85,000
Public Record
Operating Expense: 20859
Building Exterior Type: WoodSiding
Foundation Details: Block, ConcretePerimeter
Property Age: 104
Property Condition: Approximately
Roof: Composition
Levels or Stories: 3
Water Source: PublicWater
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.