Riverfront
New
For Sale
$329,000
143 SW 3RD St, Pendleton, OR 97801
MultiFamily, Pendleton, OR
Property Size2,542 SF
Price / SF$129.43
Days on Market5
Property Features for 143 SW 3RD St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C-1
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 4
View
City, River
Elementary school
Washington
Middle school
Sunridge
High school
Pendleton
Directions
143 SW 3rd St Pendleton, OR
Subdivision
_435
Standard status
Active
APN
159914
Size
2,542 SF
Taxes and HOA fees
Tax Description
PARCEL 1 PARTITION PLAT 2005-13
Tax Annual Amount
1806
Legal Description
PARCEL 1 PARTITION PLAT 2005-13
Utilities
Cooling system
Wall Unit(s)
Water front features
River Front
Water front
1
Building Details
Year built
1930
Floors in Building
2
Number of units
3
Roof type
Shingle
Listing Agency:
Hearthstone Real Estate
(541) 344-5958
Listed By:
Blake Franklin
(208) 615-3640
Added: Oct 10
Changed: Oct 13
Last Checked: Oct 14 at 6:06PM
MLS# 372724226
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,542-square-foot triplex, built in 1930, contains three apartments. The main-level residence has two bedrooms, one bathroom, and a dedicated utility and laundry area. Two upstairs apartments are approximately 600 square feet apiece, with one bedroom, one bathroom, a kitchen, and a living area in each. Gas heating and kitchen appliances serve all three units, and wall-unit cooling is listed. Interior paint was recently refreshed in the main-floor apartment and one upper unit.
The property has River Front features and is near downtown Pendleton and the Riverwalk. Its zoning is C-1. The owner pays water, sewer, and garbage; residents cover their own gas and electricity.
The property has River Front features and is near downtown Pendleton and the Riverwalk. Its zoning is C-1. The owner pays water, sewer, and garbage; residents cover their own gas and electricity.
Key Highlights
- Three‑unit residential property with River Front features
- 2,542 square feet; built in 1930
- Main‑level unit has 2 bedrooms, 1 bathroom, and a dedicated utility/laundry area
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
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include gas heat and kitchen appliances, with wall-unit cooling also provided.
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 with River Front features; 2,542 square feet; built in 1930; Main‑level unit has 2 bedrooms, 1 bathroom, and a dedicated utility/laundry area
