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    401 NW Bailey Ave Pendleton, OR 97801

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    For Sale
    $1,125,000

    Updated 11-unit apartment complex near downtown Pendleton.

    Lot size:
    0.22 Acres

    Property Features for 401 NW Bailey Ave

    General Information

    Lot size
    0.22 Acres
    Exterior features
    exterior_features, : ["Composition"]
    Interior features
    Interior Feature 1, : "Mini Split"

    Building Details

    Year built
    1900

    Source: Webb Property Resources Agent [email protected]

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Apartment Complex in Pendleton

    This fully-renovated apartment complex combines historic charm with modern updates. Located in the heart of Pendleton, the property is situated just above the Umatilla River and near Pioneer Park and a neighborhood coffee shop. The complex features 11 updated units and two new laundry rooms on separate levels for resident convenience. The property's location offers scenic Umatilla River views and close proximity to downtown shops and eateries. Recent updates include an indoor sprinkler system, new plumbing, ductless HVAC units, new windows, and updated electrical systems. A newer roof was installed in 2019.
    Property Profile Insight Report 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
    Pendleton
    County
    Umatilla
    State
    Oregon
    Longitude
    -118.791454
    Latitude
    45.673059

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    FAQs

    What type of property is this?
    Apartment building - Updated 11-unit apartment complex near downtown Pendleton.
    Where is this apartment building located?
    The property is located at 401 NW Bailey Ave Pendleton, OR.
    What is the asking price?
    The asking price for this property is $1,125,000.
    What are key features of this property?
    This property features: - Prime location near downtown shops, eateries, Pioneer Park, and a neighborhood coffee shop, with scenic Umatilla River views.; - Fully-renovated apartment complex with 11 beautifully updated units.; - Recent major updates including new plumbing, ductless HVAC units, new windows, and updated electrical.
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    Pendleton, OR 97801
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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
    401 NW Bailey Ave Pendleton, OR 97801
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