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 Market79
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.
Listed By:
Isaac Grant, CCIM · License #OR-201256253
(541) 484-4422
Source:
Crexi
Added: Jul 29
Changed: Oct 9
Last Checked: Oct 14 at 11:47PM
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 / Yr
$54,763
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
