Multifamily Apartment
For Sale
Contact for pricing
1570 JAMES ST, Woodburn, OR 97071
For sale multifamily property offering income-focused ownership with a stated 6.43% cap rate.
Property Size23,640 SF
Price / SF$200.93
Days on Market147
Property Features for 1570 JAMES ST
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
(503) 222-0282
Source:
Crexi
Added: Jun 8
Changed: Oct 26
Last Checked: Nov 1 at 3:23AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$167,195
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
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
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 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 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.56M
$4.86M – $6.49M
NOI $389,181 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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
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 JAMES ST Woodburn, OR.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Multifamily property with a stated 6.43% cap rate.; Built in 1970.
