Multifamily Apartment
For Sale
Contact for pricing
1570-1590 James Street, Woodburn, OR 97071
For sale multifamily property offering income-focused ownership with a stated 6.43% cap rate.
Property Size23,640 SF
Price / SF$205.16
Days on Market63
Property Features for 1570-1590 James Street
General Information
Standard status
Active
Size
23,640 SF
Class
B
Property subtype
Multifamily
Zoning
RM:RS
Occupancy
95%
Investment Type
Stabilized
Net Operating Income
$311,851
Additional Details
Cap Rate
6.43%
Building Details
Year Built
1970
Year Renovated
2018
Buildings
6
Stories
2
Tenancy
Multi
Listing Agency:
Constant Commercial Real Estate. INC
Listed By:
Cory Carlson · License #OR 201226331
Source:
Crexi
Added: Jun 8
Changed: Aug 8
Last Checked: Aug 9 at 9:36AM
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 Constant Commercial Real Estate. INC
Investment Insights
Based on property information with market context.
This listing is for a multifamily apartment building offered for sale as a residential income property. The property totals 23,640 square feet, and it is presented with a stated 6.43% cap rate. The offering is positioned for buyers seeking an income-oriented multifamily asset within the residential apartment building category.
The building is located at 1570-1590 James Street in Woodburn, Oregon 97071. The address provides a straightforward identifier for scheduling showings and due diligence. As presented, the information available emphasizes the property’s overall size and income characterization rather than unit-specific details.
From a buyer’s perspective, this asset may align with investors or owner-operators looking for a consolidated multifamily purchase. The property’s primary documented attributes are its multifamily apartment building structure, total square footage, and the provided cap-rate framing in the listing remarks. Interested parties should review operating details, tenant and unit configuration, and any available financial documents to confirm performance and underwriting assumptions consistent with the listed cap rate.
The building is located at 1570-1590 James Street in Woodburn, Oregon 97071. The address provides a straightforward identifier for scheduling showings and due diligence. As presented, the information available emphasizes the property’s overall size and income characterization rather than unit-specific details.
From a buyer’s perspective, this asset may align with investors or owner-operators looking for a consolidated multifamily purchase. The property’s primary documented attributes are its multifamily apartment building structure, total square footage, and the provided cap-rate framing in the listing remarks. Interested parties should review operating details, tenant and unit configuration, and any available financial documents to confirm performance and underwriting assumptions consistent with the listed cap rate.
Key Highlights
- Multifamily property with a stated 6.43% cap rate.
- Built in 1970.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$167,195
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,343,900
$3.3M
Cap Rate 7%
$2,388,500
$2.4M
Cap Rate 9%
$1,857,722
$1.9M
Market Conditions
NOI Build-Up for 23,640 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$323.4K $13.68/SF
− Vacancy
−$19.4K −$0.82/SF
EGI
$304.0K $12.86/SF
− OpEx
−$136.8K −$5.79/SF
NOI
$167.2K $7.07/SF
Area
Marion County, OR
Vacancy
6.00%
Lease Rate
$13.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,343,900
Cap Rate 7%
$2,388,500
Cap Rate 9%
$1,857,722
Alternative Uses
Best Use
Apartment 5plus
$2.39M
$2.09M – $2.79M
NOI $167,195 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.56M
$4.86M – $6.49M
NOI $389,181 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
Explore this area
Business Placement
Demographics for 97071, OR
30,777
Population
10,595
Households
2.9
Avg Household Size
35
Median Age
17%
College-Educated
72%
High-School Grad
51.7 sq mi
ZIP Area
595
Density / Sq Mi
$70,130
Median Household Income
$35,927
Median Earnings
$1,382
Median Rent
$316,500
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 - For sale multifamily property offering income-focused ownership with a stated 6.43% cap rate.
Where is this apartment building located?
The property is located at 1570-1590 James Street Woodburn, OR.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: Multifamily property with a stated 6.43% cap rate.; Built in 1970.
