Malin Multifamily Investment
2236 3rd Street Malin, OR 97632
2236 3rd Street, Malin, OR, 97632
$1,500,000
For Sale
$1,500,000
MULTI_FAMILY - Other - Malin, OR
Property Size9,912 SF
Lot Size0.72 Acres
Price / SF$151.33
Days on Market305
Property Features for 2236 3rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street, Driveway
- Interior features
- Shower/Tub Combo
- Appliances
- Cooktop, Oven, Range, Refrigerator, Water Heater
- Standard status
- Active
- APN
- 124074
- Size
- 9,912 SF
- Lot size
- 0.72 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3098
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1939
- Floors in Building
- 1
- Number of units
- 15
- Flooring type
- Vinyl, Laminate, Carpet, Simulated wood
- Building materials
- Brick, Frame
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
Action Realty
(541) 884-3367
2311 S 6th Street, Klamath Falls, OR
Listed by
Jennifer Frye · License #201213507
(775) 318-0126
Added: Sep 17, 2025 Checked: Jul 18 at 6:06 pm
MLS# 220209606
Listing URL
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property presents an investment opportunity with a consistent income stream, primarily from two-bedroom units. The property features brick construction and a courtyard, enhancing its curb appeal. The units are reported to be in good condition, with several having been recently updated. The property size is 9912 square feet and it is situated on a 0.72-acre lot. A new roof is scheduled for installation in 2026. The property is located in Malin, Oregon.
Key Highlights
- Brick construction property built in 1939
- New roof scheduled for 2026 (composition roof)
- Public water and public sewer
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $142.7k | $14.40 |
| − Vacancy | −$12.7k | −$1.28 |
| EGI | $130.0k | $13.12 |
| − OpEx | −$58.5k | −$5.90 |
| NOI | $71.5k | $7.22 |
9,912 SF · lease $14.40/SF/yr · vacancy 8.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.02M
$894.0K – $1.19M
NOI $71,516 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.77M – $2.36M
NOI $141,819 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Multifamily property in Malin, Oregon with steady income.
Where is this apartment building located?
The property is located at 2236 3rd Street Malin, OR.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Brick construction property built in 1939; New roof scheduled for 2026 (composition roof); Public water and public sewer
