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    Prineville, OR
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    Prineville, OR Apartment Buildings for Sale

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    Powell Butte, OR Redmond, OR Terrebonne, OR Bend, OR Madras, OR Culver, OR
    Renovated Townhome-Style Apartment Community
    Updated: Apr 14
    Renovated Townhome-Style Apartment Community

    940 NW 2nd St, Prineville, OR 97754

    Contact for pricing
    20,900 sqft
    22‑unit multifamily community in Prineville, built in 1973; low‑rise, townhome‑style layout.
    Approximately 20,900 NRSF total with an average unit size of about 950 SF.
    Renovations completed in 20 of 22 units, plus new metal roofing installed in 2018.
    Exterior improvements include fresh paint and a seal‑coated, restriped parking lot completed in 2020.
    95% occupied; current NOI $284,783 and a 6.4% in‑place cap rate (per provided remarks).
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    Shadow Hills Apartment Building
    Updated: Mar 10
    Shadow Hills Apartment Building

    999 NE 3rd St, Prineville, OR 97754

    Contact for pricing
    23 units with nine one‑bedroom, ten two‑bedroom, and four three‑bedroom apartments
    More than 70% of units received interior renovations during the past five years
    Luxury vinyl plank flooring, dishwashers, updated baseboard heating, and window‑mounted A/C in most units
    Controlled‑access entry and on‑site security cameras
    Exterior paint, siding repairs, parking lot resealing, and new signage completed within five years
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Prineville, OR, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    15-Unit Apartment Building
    15-Unit Apartment Building

    1535 SW Highway 97, Madras, OR 97741

    $1,555,000
    14,408 sqft

    Fully leased complex with professional management, mini-split HVAC, and washer/dryer hookups in every unit.

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    Three-Story Mixed-Use Building
    Three-Story Mixed-Use Building

    615 SW Evergreen Avenue, Redmond, OR 97756

    $1,400,000
    7,500 sqft 0.06 AC lot

    Mixed-use property combines retail, commercial, and apartment space with elevator access.

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    Historic Three-Story Mixed-Use Building
    Historic Three-Story Mixed-Use Building

    621 SW Evergreen Avenue, Redmond, OR 97756

    $1,425,000
    7,500 sqft

    Built in 1919 and fully leased, this three-story property includes ground-floor retail, office/commercial space, and apartments.

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    15-Unit Apartment Building
    15-Unit Apartment Building

    1535 US-97, Madras, OR 97741

    $1,555,000
    14,008 sqft 1.45 AC lot

    Fully leased apartments feature two-bedroom layouts, mini-split HVAC, and washer/dryer hookups.

    View details

    Prineville, OR Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Prineville, OR on our real estate platform. These investment opportunities span a total of 20,900 square feet of properties for sale.

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    Demographics Overview

    Population 22K
    Population Growth (5Y) +13.5%
    Median Household Income $76,698
    College Educated 28.8%

    High-Yield Neighborhoods for Investment

    Identify Prineville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    97754 $2.7M

    Taxes & Financing

    Tax Rate (average for all types) 1.59%
    Property Tax per SF $16.99 per SF
    Tax Rate vs County Average 0.01 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Crook County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Crook County

    Retail

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Prineville fall within the 10,000 to 25,000 square foot range.

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