32-Unit Courtyard Apartment
For Sale
$5,250,000
171 SE Uglow St, Dallas, OR 97338
Eight courtyard-style buildings offer a mix of two- and three-bedroom residences across three parcels.
Property Size27,100 SF
Price / SF$193.73
Days on Market52
Property Features for 171 SE Uglow St
General Information
Standard status
Active
Size
27,100 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
32
Building Details
Year Built
1976
Buildings
8
Construction
courtyard style
Listing Agency:
GALL REAL ESTATE SERVICES LLC
Listed By:
JENNIFER HAND · License #960600193
(503) 363-6051
Source:
Wisser
Added: Aug 26
Changed: Oct 3
Last Checked: Oct 5 at 8:06PM
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 GALL REAL ESTATE SERVICES LLC
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Investment Insights
Based on property information with market context.
This multifamily property contains 32 units arranged among eight buildings, with four units in each building. The courtyard-style layout includes a mix of two- and three-bedroom residences, and the property encompasses 27,100 square feet across three parcels. Constructed in 1976, the apartment community has local management in place.
A 90-day notice has been provided for rent increases, with financials based on the new rents. The property is located in Dallas, Oregon, and offers a defined unit count, varied bedroom configurations, and an established multifamily layout.
A 90-day notice has been provided for rent increases, with financials based on the new rents. The property is located in Dallas, Oregon, and offers a defined unit count, varied bedroom configurations, and an established multifamily layout.
Key Highlights
- 32 units across three parcels
- Eight buildings with four units each
- Mix of two- and three‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$299,734
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,994,680
$6.0M
Cap Rate 7%
$4,281,914
$4.3M
Cap Rate 9%
$3,330,378
$3.3M
Market Conditions
NOI Build-Up for 27,100 SF
Gross rent
$585.4K $21.60/SF
− Vacancy
−$40.4K −$1.49/SF
EGI
$545.0K $20.11/SF
− OpEx
−$245.2K −$9.05/SF
NOI
$299.7K $11.06/SF
Area
Polk County, OR
Vacancy
6.90%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,994,680
Cap Rate 7%
$4,281,914
Cap Rate 9%
$3,330,378
Alternative Uses
Best Use
Apartment 5plus
$4.28M
$3.75M – $5.00M
NOI $299,734 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.20M
$6.30M – $8.39M
NOI $503,670 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
32
Residential units
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
Explore this area
Business Placement
Demographics for 97338, OR
22,741
Population
9,109
Households
2.5
Avg Household Size
44
Median Age
25%
College-Educated
92%
High-School Grad
124.8 sq mi
ZIP Area
182
Density / Sq Mi
$73,345
Median Household Income
$37,359
Median Earnings
$1,197
Median Rent
$388,100
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
Frequently Asked Questions
What type of property is this?
Apartment building - Eight courtyard-style buildings offer a mix of two- and three-bedroom residences across three parcels.
Where is this apartment building located?
The property is located at 171 SE Uglow St Dallas, OR.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: 32 units across three parcels; Eight buildings with four units each; Mix of two- and three‑bedroom units
