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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 Madras, OR Bend, OR Culver, OR
    Renovated Townhome-Style Apartment Community
    Updated: Apr 14
    Renovated Townhome-Style Apartment Community

    940 NW 2nd St, Prineville, OR 97754

    $4,450,000
    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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    Central Oregon Multifamily Investment Opportunity
    Updated: Apr 3
    Central Oregon Multifamily Investment Opportunity

    1000 NE 3rd St, Prineville, OR 97754

    $2,550,000
    Significant rental upside potential with current rents estimated 20% below market.
    Diverse unit mix of 1, 2, and 3‑bedroom units supports consistent occupancy.
    Extensive capital improvements completed in the last five years, including interior renovations in over 70% of units.
    Strategically located along Prineville’s main thoroughfare.
    Modernized units featuring LVP flooring, dishwashers, updated heating, and window‑mounted air conditioning.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Prineville, OR, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Mixed-Use Historic Building
    Mixed-Use Historic Building

    615 SW Evergreen Avenue, Redmond, OR 97756

    $1,425,000
    7,500 sqft 0.06 AC lot

    A 1919 three-story building offering fully leased ground retail, office/commercial space, and 10 apartments in Redmond, Oregon.

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    Bend Multifamily Investment Opportunity
    Bend Multifamily Investment Opportunity

    2422-2444 NE Conners Ave, Bend, OR 97701

    $2,585,000
    12,314 sqft

    Fully leased 10-unit multifamily property near St. Charles Medical Center.

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    Historic Mixed-Use Building
    Historic Mixed-Use Building

    621 SW EVERGREEN Ave Unit 621, Redmond, OR 97756

    $1,425,000
    7,500 sqft

    Fully leased three-story building with ground-floor retail, office/commercial space, and 10 apartments.

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    42-Unit Garden-Style Apartment Community
    42-Unit Garden-Style Apartment Community

    1280-1330 NE Purcell Blvd, Bend, OR 97701

    $8,777,000
    37,712 sqft 1.98 AC lot

    Forty-two two-bedroom flats in six two-story buildings with covered parking and 100% occupancy.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Pahrump Land Investment Opportunity
    Pahrump Land Investment Opportunity

    2001 Casino Street, Pahrump, NV 89048

    Contact for pricing
    0.31 AC lot

    0.31 acre multi-family zoned lot in growing Pahrump, Nevada.

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    Lancaster Corner Lot Investment Opportunity
    Lancaster Corner Lot Investment Opportunity

    Newgrove Street, Lancaster, CA 93534

    $350,000
    0.17 AC lot

    0.17-acre corner lot in Lancaster with development potential.

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    Commercial Land with Freeway Exposure
    Commercial Land with Freeway Exposure

    31426 The Old Road N, Castaic, CA 91384

    $2,250,000
    2.05 AC lot

    Over 2 acres with 400+ feet of CA-5 exposure across three APNs in Castaic.

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    Development Opportunity with DTLA Views
    Development Opportunity with DTLA Views

    700 Lookout Dr, Los Angeles, CA 90012

    $799,000
    0.22 AC lot

    Land with potential for up to 23 units.

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    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, with an estimated market value of $7,000,000.

    Sale prices for two-family homes in Prineville, OR start at $2,550,000, averaging $3,500,000, and reaching up to $4,450,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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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 $2.6M

    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

    Residential Income

    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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