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Brick Courtyard Apartment Building
For Sale
$1,500,000

2236 3RD Street, Malin, OR 97632

Apartment building featuring two-bedroom units, courtyard setting, and recent exterior roofing improvements.

Property SizeContact for details
Days on Market379

Property Features for 2236 3RD Street

General Information

Standard status Active
Property subtype Multi-family

Building Details

Year Built 1939
Listing Agency: Action Realty
Listed By: Jennifer Frye · License #201213507
Source: Century21northhomes
Added: Aug 23, 2025 Changed: Sep 4 Last Checked: Sep 4 at 10:21AM

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 Action Realty

Investment Insights

Based on property information with market context.

This for-sale multifamily property features brick construction and a courtyard setting. The unit mix is primarily two-bedroom layouts, and the existing units are described as being in good condition, with several units having been recently updated. Exterior improvements include a new roof scheduled for 2026.

The property is located at 2236 3RD Street in Malin, Oregon. The listing emphasizes the site’s curb appeal and courtyard design as part of the overall building presentation.

For investors and operators seeking a residential income asset with a predominantly two-bedroom profile, this property offers a straightforward unit mix and ongoing maintenance items highlighted in the remarks, including updates to multiple units and the upcoming roof replacement. The combination of courtyard layout, brick exterior, and recent interior improvements may support continued tenant appeal across the majority two-bedroom units.

Key Highlights

  • Apartment building built in 1939 with brick construction.
  • Majority of units are 2‑bedroom apartments.
  • Courtyard setting on the property.

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Building Supply Auto Repair Shop Auto Parts Store Storage Facility Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

61
Businesses Nearby

Demographics for 97632, OR

1,378
Population
544
Households
2.5
Avg Household Size
43
Median Age
12%
College-Educated
87%
High-School Grad
63.8 sq mi
ZIP Area
22
Density / Sq Mi
$54,167
Median Household Income
$39,375
Median Earnings
$1,288
Median Rent
$293,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Apartment building featuring two-bedroom units, courtyard setting, and recent exterior roofing improvements.
Where is this multifamily property located?
The property is located at 2236 3RD Street Malin, OR.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Apartment building built in 1939 with brick construction.; Majority of units are 2‑bedroom apartments.; Courtyard setting on the property.
More about this property
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