Fourplex Residential Income
For Sale
Contact for pricing
185 NW 5th St, Clatskanie, OR 97016
Professionally managed fourplex on two lots with extensive updates, ample parking, and a roomy basement for storage.
Property SizeContact for details
Days on Market123
Property Features for 185 NW 5th St
General Information
Standard status
Active
Property subtype
Multifamily
Financials
Cap Rate
7%
Business Included
Yes
Additional Details
Multifamily Units
4
Building Details
Tenancy
Multi
Listing Agency:
Found! Realty, LLC
Listed By:
Richard Taff · License #OR 201206587
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 20 at 5:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Found! Realty, LLC
Investment Insights
Based on property information with market context.
This fourplex residential income property consists of four units and is described as professionally managed. The interior and common areas have been updated, including new paint, vinyl laminate flooring, carpet, and trimwork. Kitchens and bathrooms have been refreshed with updated cabinets and trim throughout, along with new appliances. Exterior improvements include an updated roof with approximately half replaced. The property also includes a roomy basement suitable for storage and potentially future laundry space, and the seller notes future development opportunities associated with the large double lot.
The property is located at 185 NW 5th St in Clatskanie, Oregon, and the remarks indicate it is within walking distance to stores and business, with lots of parking available on site.
Additional terms mentioned include an offer being subject to interior inspection and the availability of seller financing with a carry contract with 35% downpayment, according to the seller’s remarks.
The property is located at 185 NW 5th St in Clatskanie, Oregon, and the remarks indicate it is within walking distance to stores and business, with lots of parking available on site.
Additional terms mentioned include an offer being subject to interior inspection and the availability of seller financing with a carry contract with 35% downpayment, according to the seller’s remarks.
Key Highlights
- Professionally managed fourplex on two lots with updates throughout
- Stated 7% cap rate; seller indicates potential improved cap rates with rent increases in Q2 2023
- Rents reported to be $100–$200 below market under a new professional property management contract
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
Explore this area
Business Placement
Demographics for 97016, OR
6,162
Population
3,115
Households
2
Avg Household Size
47
Median Age
14%
College-Educated
89%
High-School Grad
230.0 sq mi
ZIP Area
27
Density / Sq Mi
$67,500
Median Household Income
$45,393
Median Earnings
$887
Median Rent
$296,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Professionally managed fourplex on two lots with extensive updates, ample parking, and a roomy basement for storage.
Where is this quadplex located?
The property is located at 185 NW 5th St Clatskanie, OR.
What are key features of this property?
This property features: Professionally managed fourplex on two lots with updates throughout; Stated 7% cap rate; seller indicates potential improved cap rates with rent increases in Q2 2023; Rents reported to be $100–$200 below market under a new professional property management contract
