10-Unit Multifamily
For Sale
$825,000
1431 6th St, Umatilla, OR 97882
Ten-unit apartment building on a 0.42-acre lot with recent electrical, roofing, and window upgrades.
Property Size4,600 SF
Lot Size0.42 Acres
Days on Market64
Property Features for 1431 6th St
General Information
Standard status
Active
Size
4,600 SF
Lot size
0.42 Acres
Property subtype
Multifamily
Occupancy
95%
Additional Details
Cap Rate
5.28%
Multifamily Units
10
Amenities
MARKET RENT POTENTIAL - Strong Upside in Rents
ATTRACTIVE COST BASIS - Low Basis, With Solid Quality Structure
CORE CORRIDOR LOCATION - Extremely Low Vacancy on Umatilla's Primary Thoroughfare
WALKABLE AMENITY ACCESS - A Walk to Multiple shopping, Dining and Retailor Options
NEAR-TERM VALUE ADD - Immediate Access to Upside in 20% of the Units for Updates
Building Details
Building Size
4,600 SF
Year Built
1949
Year Renovated
2025
Units
10
Tenancy
Multi
Listing Agency:
Portland Office
Listed By:
Nygel Drury · License #License(s): OR: 201232300
(503) 200-2064
Source:
Marcusmillichap
Added: Jul 3
Changed: Aug 7
Last Checked: Sep 4 at 2:00AM
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 Portland Office
Investment Insights
Based on property information with market context.
Sixth Street Apartments is a ten-unit multifamily property consisting of one building originally constructed in 1949. The asset has undergone significant modernization under the current owner’s 20-plus years of professional management and maintenance. Notable improvements include updated electrical wiring in 2010, new electrical panels in 2025, a fire-rated 30-year membrane roof installed in 2015 with blown-in fiberglass attic insulation, and heat pumps added to all units in 2014. Additional upgrades completed in 2014 include new insulated front doors and vinyl windows.
The unit mix includes three two-bedroom units, three one-bedroom units, and four studio units, with the property positioned for workforce renter demand. The site provides convenient access and parking. Unit 10 is currently vacant and fully gutted, creating an immediate opportunity for renovation and lease-up.
An additional two-bedroom unit is expected to become available upon request, allowing an incoming investor to renovate up to approximately 20% of the units early in ownership. The property is located in Umatilla, Oregon, within the Umatilla–Hermiston rental corridor.
The unit mix includes three two-bedroom units, three one-bedroom units, and four studio units, with the property positioned for workforce renter demand. The site provides convenient access and parking. Unit 10 is currently vacant and fully gutted, creating an immediate opportunity for renovation and lease-up.
An additional two-bedroom unit is expected to become available upon request, allowing an incoming investor to renovate up to approximately 20% of the units early in ownership. The property is located in Umatilla, Oregon, within the Umatilla–Hermiston rental corridor.
Key Highlights
- 10‑unit multifamily building on a 0.42‑acre tax lot in Umatilla, OR, originally constructed in 1949
- Upgrades include updated electrical wiring (2010) and new electrical panels (2025)
- Roof replacement: fire‑rated 30‑year membrane roof installed in 2015, with blown‑in fiberglass attic insulation
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
Explore this area
Business Placement
Demographics for 97882, OR
8,271
Population
2,450
Households
3.4
Avg Household Size
34
Median Age
12%
College-Educated
84%
High-School Grad
18.8 sq mi
ZIP Area
440
Density / Sq Mi
$60,474
Median Household Income
$37,997
Median Earnings
$1,072
Median Rent
$192,100
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?
Apartment building - Ten-unit apartment building on a 0.42-acre lot with recent electrical, roofing, and window upgrades.
Where is this apartment building located?
The property is located at 1431 6th St Umatilla, OR.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 10‑unit multifamily building on a 0.42‑acre tax lot in Umatilla, OR, originally constructed in 1949; Upgrades include updated electrical wiring (2010) and new electrical panels (2025); Roof replacement: fire‑rated 30‑year membrane roof installed in 2015, with blown‑in fiberglass attic insulation
