Four-Duplex Multifamily
For Sale
$999,000
217 NW 8TH AVE Milton-Freewater, Milton Freewater, OR 97862
Eight two-bedroom, one-bath residences are arranged across four buildings on a single tax lot.
Property Size6,912 SF
Price / SF$144.53
Days on Market129
Property Features for 217 NW 8TH AVE Milton-Freewater
General Information
Standard status
Active
Size
6,912 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
2BR/1BA
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$9,891
Amenities
handicap accessible
Building Details
Building Size
6,912 SF
Year Built
2003
Buildings
4
Listing Agency:
Coldwell Banker Farley Company
Listed By:
Jerry Baker · License #201211883
(541) 969-6378
Source:
Highcountry-realty
Added: Jun 23
Changed: Oct 27
Last Checked: Oct 27 at 4:13AM
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 Coldwell Banker Farley Company
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.
The property comprises four duplex buildings with eight residences, each configured with two bedrooms and one bathroom. The buildings date to 2003 and feature composition roofs and HardiePlank siding. Handicap accessibility is noted for the property.
All four duplexes occupy one tax lot in Milton-Freewater, Oregon.
All four duplexes occupy one tax lot in Milton-Freewater, Oregon.
Key Highlights
- Four duplex buildings on one tax lot
- Eight units, each with 2 bedrooms and 1 bathroom
- Built in 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,224
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,480
$644.5K
Cap Rate 7%
$460,343
$460.3K
Cap Rate 9%
$358,044
$358.0K
Market Conditions
NOI Build-Up for 6,912 SF
Gross rent
$49.8K $7.20/SF
− Vacancy
−$3.7K −$0.54/SF
EGI
$46.0K $6.66/SF
− OpEx
−$13.8K −$2.00/SF
NOI
$32.2K $4.66/SF
Area
Umatilla County, OR
Vacancy
7.50%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,480
Cap Rate 7%
$460,343
Cap Rate 9%
$358,044
Alternative Uses
Best Use
Multifamily LT 5
$460.3K
$402.8K – $537.1K
NOI $32,224 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$424.3K
$371.2K – $495.0K
NOI $29,698 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,285 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
Explore this area
Business Placement
Demographics for 97862, OR
11,512
Population
5,245
Households
2.2
Avg Household Size
39
Median Age
13%
College-Educated
79%
High-School Grad
292.9 sq mi
ZIP Area
39
Density / Sq Mi
$54,013
Median Household Income
$32,787
Median Earnings
$858
Median Rent
$225,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Eight two-bedroom, one-bath residences are arranged across four buildings on a single tax lot.
Where is this multifamily property located?
The property is located at 217 NW 8TH AVE Milton-Freewater Milton Freewater, OR.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Four duplex buildings on one tax lot; Eight units, each with 2 bedrooms and 1 bathroom; Built in 2003
