Five-Unit Apartment
For Sale
$1,055,000
880 N PERSHING St, Mount Angel, OR 97362
MultiFamily, MtAngel, OR
Property Size4,680 SF
Lot Size0.43 Acres
Price / SF$225.43
Days on Market286
Property Features for 880 N PERSHING St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM
Bedrooms
15
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 4, Bedroom 15, Bedroom 9, Bedroom 7, Bedroom 2, Bedroom 8, Bedroom 3, Bedroom 6, Bedroom 5, Bedroom 4, Bedroom 12, Bedroom 14, Bedroom 11, Bathroom 3, Bedroom 13, Bedroom 10, Bathroom 2, Bedroom 1, Bathroom 1, Bathroom 5
Elementary school
St Marys
Middle school
Mt Angel
High school
Kennedy
Directions
Pershing st
Subdivision
_170
Standard status
Active
APN
515575
Size
4,680 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Description
ACRES 0.43
Tax Annual Amount
6270
Legal Description
ACRES 0.43
Utilities
Heating system
Zoned
Amenities
washer and dryer hookups
private fenced backyards with storage units
Building Details
Year built
1989
Floors in Building
1
Number of units
5
Roof type
Composition
Listing Agency:
RE/MAX Equity Group · RE/MAX International
(503) 626-4600
Listed By:
Jason Kennedy · License #200501139
(503) 679-0554
Added: Jan 19
Changed: Oct 29
Last Checked: Nov 1 at 1:06PM
MLS# 726982799
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This apartment property contains five units within a 4,680-square-foot building constructed in 1989. Each unit has three full bedrooms, washer and dryer hookups, a fenced backyard, and an individual storage unit. Four of the five units have been updated, and the roof and siding were replaced 5 years ago.
The property occupies 0.43 acres at 880 N Pershing St in Mt. Angel, Oregon, within RM zoning. Heating is zoned, and the building has a composition roof. The five-unit configuration provides consistent unit layouts across the property, with outdoor space and storage assigned to each residence.
The property occupies 0.43 acres at 880 N Pershing St in Mt. Angel, Oregon, within RM zoning. Heating is zoned, and the building has a composition roof. The five-unit configuration provides consistent unit layouts across the property, with outdoor space and storage assigned to each residence.
Key Highlights
- Five‑unit apartment property with 4,680 square feet
- Each unit includes three full bedrooms
- Four of five units have been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,100
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,000
$662.0K
Cap Rate 7%
$472,857
$472.9K
Cap Rate 9%
$367,778
$367.8K
Market Conditions
NOI Build-Up for 4,680 SF
Gross rent
$64.0K $13.68/SF
− Vacancy
−$3.8K −$0.82/SF
EGI
$60.2K $12.86/SF
− OpEx
−$27.1K −$5.79/SF
NOI
$33.1K $7.07/SF
Area
Marion County, OR
Vacancy
6.00%
Lease Rate
$13.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,000
Cap Rate 7%
$472,857
Cap Rate 9%
$367,778
Alternative Uses
Best Use
Apartment 5plus
$472.9K
$413.8K – $551.7K
NOI $33,100 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.10M
$963.1K – $1.28M
NOI $77,046 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
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Business Placement
Demographics for 97362, OR
4,397
Population
1,377
Households
3.2
Avg Household Size
39
Median Age
19%
College-Educated
78%
High-School Grad
23.4 sq mi
ZIP Area
188
Density / Sq Mi
$62,813
Median Household Income
$37,177
Median Earnings
$1,199
Median Rent
$420,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Five three-bedroom units offer washer and dryer hookups plus individually fenced outdoor areas with storage.
Where is this apartment building located?
The property is located at 880 N PERSHING St Mount Angel, OR.
What is the asking price?
The asking price for this property is $1,055,000.
What are key features of this property?
This property features: Five‑unit apartment property with 4,680 square feet; Each unit includes three full bedrooms; Four of five units have been updated
