Upgraded 6-Unit Apartment
400 W Rose St Lebanon, OR 97355
400 W Rose St, Lebanon, OR, 97355
$1,650,000
For Sale
$1,650,000
Six apartment units feature 2-bed, 2-bath layouts with in-unit storage, indoor laundry, and updated finishes.
Property Size5,844 SF
Price / SF$282.34
Days on Market31
Property Features for 400 W Rose St
General Information
- Standard status
- Active
- Size
- 5,844 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 2017
Listing agency
Stellar Realty Northwest
(541) 990-8201
Listed by
Michael Kosmicki · License #200209006
(541) 990-8201
Source
Allprofessionalsre
Added: Jun 22 Updated: Jul 22 at 7:06AM Checked: Jul 22 at 7:06AM
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 Stellar Realty Northwest
Investment Insights
Based on property information with market context.
This is a six-unit apartment building with all units approximately 974 square feet, each offering a 2-bedroom and 2 full-bath layout. The units include indoor laundry, a stainless appliance package, and additional storage per unit. Upgraded interiors are noted with granite, cultured stone, and luxury flooring, providing consistent finishes across the property.
The building is described as being across from a park in Lebanon, Oregon.
The current total rent is reported as nearly $10,000. The listing also notes that one owner is a licensed real estate broker in the state of Oregon.
The building is described as being across from a park in Lebanon, Oregon.
The current total rent is reported as nearly $10,000. The listing also notes that one owner is a licensed real estate broker in the state of Oregon.
Key Highlights
- 2017‑built 6‑plex across from a park in Lebanon, OR
- All units approx. 974 SF with 2 bed and 2 full bath layouts
- Upgraded units feature granite, cultured stone, and luxury flooring
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.7k | $16.20 |
| − Vacancy | −$2.3k | −$0.39 |
| EGI | $92.4k | $15.81 |
| − OpEx | −$41.6k | −$7.12 |
| NOI | $50.8k | $8.70 |
5,844 SF · lease $16.20/SF/yr · vacancy 2.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$726.0K
$635.3K – $847.0K
NOI $50,820 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,173 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Six apartment units feature 2-bed, 2-bath layouts with in-unit storage, indoor laundry, and updated finishes.
Where is this apartment building located?
The property is located at 400 W Rose St Lebanon, OR.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 2017‑built 6‑plex across from a park in Lebanon, OR; All units approx. 974 SF with 2 bed and 2 full bath layouts; Upgraded units feature granite, cultured stone, and luxury flooring
