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Short-Term Rental Portfolio

2020 MAIN ST, Baker City, OR 97814

For Sale
New
$2,800,000

Four Baker City properties pair short-term accommodations with a commercial space and documented operating history.

Property SizeContact for details
Days on Market5

Property Features for 2020 MAIN ST

General Information

Standard status Active
Property subtype Multi Family

Additional Details

Multifamily Units 9

Taxes and HOA fees

Annual Taxes $7,960

Building Details

Year Built 1890
Listing Agency: The Grove Team, Ltd.
Listed By: Mitchell Grove · License OR #201207269
Source: Tripleoaksrealty
Added: Nov 11 Changed: Nov 14 Last Checked: Nov 14 at 2:30PM

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 The Grove Team, Ltd.

Rey
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Investment Insights

Based on property information with market context.

The portfolio includes four properties in Baker City, Oregon, combining short-term rental accommodations with one commercial space. At 2020 Main Street, the building contains two custom-designed lofts, a studio, and a Main Street commercial space. The other properties include a single-level three-bedroom home with a separate casita and outdoor entertaining area, a four-unit Victorian with interior updates, and a single-level three-bedroom, two-bath home with RV parking.

The portfolio has more than three years of operating history and documented financial performance. Its reported cap rate exceeds 6%.

Key Highlights

  • Reported cap rate exceeds 6%
  • More than 3 years of operating history with documented financial performance
  • 2020 Main Street building includes two lofts, a studio, and a commercial space

Property Analytics

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Open Analytics

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

690
Businesses Nearby

Demographics for 97814, OR

12,780
Population
6,254
Households
2
Avg Household Size
46
Median Age
29%
College-Educated
93%
High-School Grad
828.7 sq mi
ZIP Area
15
Density / Sq Mi
$59,736
Median Household Income
$42,112
Median Earnings
$825
Median Rent
$254,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Short term rental property - Four Baker City properties pair short-term accommodations with a commercial space and documented operating history.
Where is this short term rental property located?
The property is located at 2020 MAIN ST Baker City, OR.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Reported cap rate exceeds 6%; More than 3 years of operating history with documented financial performance; 2020 Main Street building includes two lofts, a studio, and a commercial space
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