3-Unit Residential
New
For Sale
$329,000
143 SW 3RD ST, Pendleton, OR 97801
Each apartment includes gas heat and kitchen appliances, with utility costs divided between the owner and residents.
Property Size2,542 SF
Days on Market5
Property Features for 143 SW 3RD ST
General Information
Standard status
Active
Size
2,542 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
C-1
Occupancy
100%
Net Operating Income
$39,180
Units
Unit Mix
1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$42,780
Taxes and HOA fees
Annual Taxes
$1,805
Amenities
None, Wall Unit(s)
City, River
On Street
Building Details
Building Size
2,542 SF
Year Built
1930
Stories
2
Listed By:
Blake Franklin
(208) 615-3640
Source:
Evrealestate
Added: Oct 10
Changed: Oct 13
Last Checked: Oct 12 at 4:31PM
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 Blake Franklin
Investment Insights
Based on property information with market context.
Built in 1930, this 2,542-square-foot triplex contains three apartments. The main-level residence has two bedrooms, one bathroom, and a dedicated utility and laundry area. Two additional upstairs apartments are approximately 600 square feet each, with one bedroom, one bathroom, a kitchen, and a living area. Gas heating and kitchen appliances are provided in all three units. Interior paint has recently been refreshed in the main-level apartment and one upstairs unit.
The property is near downtown Pendleton and the Riverwalk. The owner pays for water, sewer, and garbage; residents pay their own gas and electricity.
The property is near downtown Pendleton and the Riverwalk. The owner pays for water, sewer, and garbage; residents pay their own gas and electricity.
Key Highlights
- Three‑unit residential property totaling 2,542 SF; built in 1930
- Main‑floor apartment has 2 bedrooms, 1 bathroom, and a dedicated utility/laundry area
- Two upstairs apartments are approximately 600 square feet each, with 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,851
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,020
$237.0K
Cap Rate 7%
$169,300
$169.3K
Cap Rate 9%
$131,678
$131.7K
Market Conditions
NOI Build-Up for 2,542 SF
Gross rent
$18.3K $7.20/SF
− Vacancy
−$1.4K −$0.54/SF
EGI
$16.9K $6.66/SF
− OpEx
−$5.1K −$2.00/SF
NOI
$11.9K $4.66/SF
Area
Umatilla County, OR
Vacancy
7.50%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,020
Cap Rate 7%
$169,300
Cap Rate 9%
$131,678
Alternative Uses
Best Use
Multifamily LT 5
$169.3K
$148.1K – $197.5K
NOI $11,851 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$156.0K
$136.5K – $182.0K
NOI $10,922 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$532.1K
$465.6K – $620.8K
NOI $37,249 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
Explore this area
Business Placement
Demographics for 97801, OR
21,882
Population
9,033
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
92%
High-School Grad
496.2 sq mi
ZIP Area
44
Density / Sq Mi
$73,308
Median Household Income
$38,719
Median Earnings
$924
Median Rent
$277,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Each apartment includes gas heat and kitchen appliances, with utility costs divided between the owner and residents.
Where is this triplex located?
The property is located at 143 SW 3RD ST Pendleton, OR.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Three‑unit residential property totaling 2,542 SF; built in 1930; Main‑floor apartment has 2 bedrooms, 1 bathroom, and a dedicated utility/laundry area; Two upstairs apartments are approximately 600 square feet each, with 1 bedroom and 1 bathroom
