Townhouse-Style Apartment
For Sale
Contact for pricing
540 W 3rd Ave, Junction City, OR 97448
Seven professionally maintained rental units with two-bedroom layouts and Commercial / Residential zoning in Junction City.
Property Size5,992 SF
Price / SF$241.99
Days on Market33
Property Features for 540 W 3rd Ave
General Information
Standard status
Active
Size
5,992 SF
Property subtype
Multifamily
Zoning
Commercial / Residential
Occupancy
99%
Investment Type
Stabilized
Net Operating Income
$77,555
Building Details
Year Built
2015
Buildings
2
Stories
2
Units
7
Tenancy
Multi
Listing Agency:
C.W. Walker & Associates, Inc.
(541) 913-7879
Listed By:
Isaac Grant, CCIM · License #OR-201256253
Source:
Crexi
Added: Jul 29
Changed: Aug 30
Last Checked: Aug 30 at 5:32PM
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 C.W. Walker & Associates, Inc.
Investment Insights
Based on property information with market context.
This apartment property comprises seven townhouse-style residences completed in 2015. Each unit provides approximately 830 square feet with two bedrooms and one-and-one-half bathrooms, creating a consistent configuration across the property. The improvements have been professionally maintained and are positioned in a residential setting in Junction City, Oregon.
The property is located at 540 W 3rd Ave and carries Commercial / Residential zoning. Historical performance during the seller’s ownership reflects an approximate 1% vacancy rate, providing a documented occupancy record for the asset. The overall 5,992-square-foot property offers a uniform multifamily configuration suited to apartment ownership.
The property is located at 540 W 3rd Ave and carries Commercial / Residential zoning. Historical performance during the seller’s ownership reflects an approximate 1% vacancy rate, providing a documented occupancy record for the asset. The overall 5,992-square-foot property offers a uniform multifamily configuration suited to apartment ownership.
Key Highlights
- Seven townhouse‑style apartment units
- Approximately 830 square feet per unit with two bedrooms and one‑and‑one‑half bathrooms
- Constructed in 2015
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,763
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,095,260
$1.1M
Cap Rate 7%
$782,329
$782.3K
Cap Rate 9%
$608,478
$608.5K
Market Conditions
NOI Build-Up for 5,992 SF
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.
Gross rent
$105.7K $17.64/SF
− Vacancy
−$6.1K −$1.02/SF
EGI
$99.6K $16.62/SF
− OpEx
−$44.8K −$7.48/SF
NOI
$54.8K $9.14/SF
Area
Lane County, OR
Vacancy
5.80%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,095,260
Cap Rate 7%
$782,329
Cap Rate 9%
$608,478
Alternative Uses
Best Use
Apartment 5plus
$782.3K
$684.5K – $912.7K
NOI $54,763 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,113 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
504
Businesses Nearby
Explore this area
Business Placement
Demographics for 97448, OR
13,709
Population
6,150
Households
2.2
Avg Household Size
44
Median Age
28%
College-Educated
93%
High-School Grad
138.1 sq mi
ZIP Area
99
Density / Sq Mi
$78,244
Median Household Income
$40,306
Median Earnings
$1,079
Median Rent
$410,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven professionally maintained rental units with two-bedroom layouts and Commercial / Residential zoning in Junction City.
Where is this apartment building located?
The property is located at 540 W 3rd Ave Junction City, OR.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Seven townhouse‑style apartment units; Approximately 830 square feet per unit with two bedrooms and one‑and‑one‑half bathrooms; Constructed in 2015
