Multifamily Income
For Sale
Contact for pricing
Pending
188 SE 4th St, Ontario, OR 97914
For-sale multifamily building in Ontario, Oregon, with units currently at and below market rent.
Property SizeContact for details
Days on Market124
Property Features for 188 SE 4th St
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
8
Listing Agency:
Stasch RE
Listed By:
Jared Stasch · License #DB49734
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 10 at 11:38AM
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 Stasch RE
Investment Insights
Based on property information with market context.
This for-sale multifamily income property offers an opportunity for an owner with a longer-term plan to adjust rents. Public remarks indicate that some units are already at market rent, while other units can be raised substantially, with changes tied to Oregon law.
According to the seller’s statement, next year’s 2023 increase is projected at 14% in Oregon, which they expect to boost the rent roll. The property is located at 188 SE 4th St in Ontario, Oregon.
According to the seller’s statement, next year’s 2023 increase is projected at 14% in Oregon, which they expect to boost the rent roll. The property is located at 188 SE 4th St in Ontario, Oregon.
Key Highlights
- Multifamily building for sale in Ontario, Oregon
- Current unit rents are at and below market rent
- Because of Oregon Law, some units are at market rent while other units can be raised substantially
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
Explore this area
Business Placement
Demographics for 97914, OR
19,534
Population
6,730
Households
2.9
Avg Household Size
38
Median Age
15%
College-Educated
83%
High-School Grad
260.2 sq mi
ZIP Area
75
Density / Sq Mi
$48,442
Median Household Income
$30,000
Median Earnings
$813
Median Rent
$220,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - For-sale multifamily building in Ontario, Oregon, with units currently at and below market rent.
Where is this multifamily property located?
The property is located at 188 SE 4th St Ontario, OR.
What are key features of this property?
This property features: Multifamily building for sale in Ontario, Oregon; Current unit rents are at and below market rent; Because of Oregon Law, some units are at market rent while other units can be raised substantially
