188 SE 4th St Ontario, OR 97914

Listing agency Stasch RE

Listed by Jared Stasch · License #DB49734

Source Crexi

Added: Apr 11 Updated: Jul 21 at 2:23AM Checked: Jul 22 at 6:14AM

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Investment Insights

Based on property information with market context.

This for-sale multifamily income property offers an opportunity for an owner with a longer-term plan to adjust rents. Public remarks indicate that some units are already at market rent, while other units can be raised substantially, with changes tied to Oregon law.

According to the seller’s statement, next year’s 2023 increase is projected at 14% in Oregon, which they expect to boost the rent roll. The property is located at 188 SE 4th St in Ontario, Oregon.

Key Highlights

• Multifamily building for sale in Ontario, Oregon
• Current unit rents are at and below market rent
• Because of Oregon Law, some units are at market rent while other units can be raised substantially

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FAQs

What type of property is this?

Multifamily property - For-sale multifamily building in Ontario, Oregon, with units currently at and below market rent.

Where is this multifamily property located?

The property is located at 188 SE 4th St Ontario, OR.

What are key features of this property?

This property features: Multifamily building for sale in Ontario, Oregon; Current unit rents are at and below market rent; Because of Oregon Law, some units are at market rent while other units can be raised substantially