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    107 Alder St Joseph, OR 97846

    Sponsored
    For Sale
    $2,750,000

    Five-unit apartment building, mountain views.

    Description

    Added:
    Jan 24, 2025
    Days on Market:
    347
    This exceptional two-story, five-unit apartment building in Joseph, Oregon, presents a compelling investment opportunity. Priced at $2,750,000, the property boasts 7,135 square feet of total building space, strategically designed for both long-term rentals and vacation rentals. Each unit offers 1,427 square feet of living space, complemented by a 273 square foot garage, totaling 3 bedrooms and 2.5 bathrooms. Modern finishes include laminate flooring, granite countertops, and unique Astroturf backyards, minimizing maintenance. Climate control is ensured by ductless heat pumps and supplemental Cadet wall heaters. Superior insulation (10 inches of blown-in insulation in common walls) enhances fire protection and privacy. The units are fully furnished, including all furniture, bedding, kitchen appliances (including a built-in dishwasher), and an extra-large washer and dryer. Zoned for commercial use, specifically vacation rentals, this property is ideally positioned to capitalize on the peak season in 2025. Located within walking distance of downtown Joseph and the rodeo grounds, the building's second-floor living areas maximize stunning Eagle Cap Mountain views. Exterior features include low-maintenance materials such as concrete sidewalks and asphalt, along with attractive soffit lighting. Separate electrical meters for each unit offer efficient utility management. This turnkey investment is ready for immediate income generation.

    Property Features for 107 Alder St

    General Information

    Property type
    Multifamily properties

    Building Details

    Stories
    2
    Units
    5

    HighLights

    • $2,750,000 asking price for a five‑unit apartment building.
    • Located at 107 W Alder St, Joseph, OR 97846.
    • Two‑story building totaling 7,135 square feet.
    • Each unit features three bedrooms, 2.5 bathrooms, and 1,427 square feet of living space, plus a 273 square foot garage.
    • Units are fully furnished with modern finishes including laminate floors, granite countertops, and Astroturf backyards.
    • Equipped with ductless heat pumps and Cadet wall heaters.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Auto Parts Store Gym & Fitness Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Joseph
    County
    Wallowa
    State
    Oregon
    Longitude
    -117.230859
    Latitude
    45.356374

    Nearby Comparable

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      Commercial Land in Joseph, OR

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      Enterprise Commercial Gem

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      Wallowa Lake Vacant Land

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    Nearby Similar for Sale

    • $345,000
      432 SF

      Joseph, OR Commercial Building

      Charming remodeled gallery, ample parking.
      302 Main St, Joseph, OR 97846
      View Details
    • $479,000
      1,586 SF

      Prime Joseph, OR Drive-In Restaurant

      Established Drive-In, Turn-Key Business
      301 Lake St, Joseph, OR 97846
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Five-unit apartment building, mountain views.
    Where is this multifamily property located?
    The property is located at 107 Alder St Joseph, OR.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: $2,750,000 asking price for a five-unit apartment building.; Located at 107 W Alder St, Joseph, OR 97846.; Two-story building totaling 7,135 square feet.
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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
    107 Alder St Joseph, OR 97846
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