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    349 W Pine St Central Point, OR 97502

    For Sale
    $3,250,000

    Multi Family, Other - Central Point, OR

    Type:Multi Family
    Lot size:
    1.35 Acres
    Days on Market:
    38
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 349 W Pine St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    R-3
    APN
    10142697
    Parking features
    Garage, Parking Lot
    Interior features
    Shower/Tub Combo
    Appliances
    Dishwasher, Garbage Disposer, Range, Refrigerator, Washer
    Lot size
    1.35 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating), Radiant
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1973
    Floors in Building
    2
    Number of units
    20
    Flooring type
    Carpet, Laminate, Vinyl
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    Other

    Windermere Van Vleet & Associates (541) 482-3786 [email protected]

    Listing agent Robert Methvin (541) 779-6520 License #791100078

    Listing date Oct 30, 2025

    MLS# 220202848 Listing URL

    Copyright © 2025 Southern Oregon MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    20-Unit Apartment Complex For Sale

    This property features a 20-unit apartment complex. The complex includes a recreation room and an inground pool. Each unit is a single-level flat with 2 bedrooms and 1 bath. Heating is provided by electric baseboard or ceiling cable, and each unit has a wall air conditioner. Each unit also includes a patio or deck. The units are located within five two-story buildings, with four units in each building. Each unit has approximately 896 square feet. The rental rates range from $775 to $1,094 per month. Tenants are responsible for their portion of water and sewer expenses, which ranges from $45 to $60 per month. The rental rates produce monthly gross rents of $19,496, with an additional $944 reimbursement for water and sewer. The property is zoned R-3 and is situated on a 1.35-acre lot.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Central Point
    County
    Jackson
    State
    Oregon
    Longitude
    -122.922447
    Latitude
    42.371106

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    FAQs

    What type of property is this?
    Apartment building - 20-unit apartment complex with recreation room and inground pool.
    Where is this apartment building located?
    The property is located at 349 W Pine St Central Point, OR.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: - 20-unit apartment complex offering immediate rental income.; - Monthly gross rents of $19,496 plus $944 reimbursement for water and sewer.; - Each unit is a single-level flat with 2 bedrooms and 1 bath.
    (541) 779-6520
    Request Owner's contact information
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    Central Point, OR 97502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    349 W Pine St Central Point, OR 97502
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