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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

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.
More about this property
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