Five-Unit Apartment
For Sale
$1,050,000
880 N PERSHING St, Mount Angel, OR 97362
MULTI_FAMILY - MtAngel, OR
Property Size4,680 SF
Lot Size0.43 Acres
Price / SF$224.36
Days on Market195
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
Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 9, Bedroom 6, Bedroom 5, Bathroom 3, Bathroom 1, Bedroom 15, Bathroom 5, Bedroom 7, Bedroom 8, Bedroom 12, Bathroom 2, Bedroom 11, Bedroom 10, Bedroom 14, Bedroom 13
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
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: Aug 1
Last Checked: Aug 2 at 5:06PM
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.
Investment Insights
Based on property information with market context.
Five-unit apartment building on a 0.43-acre lot, built in 1989 and totaling 4,680 square feet. The property has a composition roof and zoned heating. The roof and siding were installed about five years ago.
Each unit includes three full bedrooms, along with washer and dryer hookups. Units also feature private fenced-in backyards, with storage units provided in each yard. The remarks note that three of the five units have been updated and a fourth unit update has begun.
Zoned RM, the property is located at 880 N Pershing St in Mt. Angel, Oregon.
Each unit includes three full bedrooms, along with washer and dryer hookups. Units also feature private fenced-in backyards, with storage units provided in each yard. The remarks note that three of the five units have been updated and a fourth unit update has begun.
Zoned RM, the property is located at 880 N Pershing St in Mt. Angel, Oregon.
Key Highlights
- 0.43‑acre lot with 4,680 SF apartment building
- Built in 1989 with composition roof and zoned heating
- Roof and siding installed about 5 years ago
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 | $64.0k | $13.68 |
| − Vacancy | −$3.8k | −$0.82 |
| EGI | $60.2k | $12.86 |
| − OpEx | −$27.1k | −$5.79 |
| NOI | $33.1k | $7.07 |
4,680 SF · lease $13.68/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$472.9K
$413.8K – $551.7K
NOI $33,100 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.10M
$963.1K – $1.28M
NOI $77,046 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Explore this area
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
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 - RM-zoned five-unit building with three-bedroom units, washer and dryer hookups, and private fenced backyards 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 $1,050,000.
What are key features of this property?
This property features: 0.43‑acre lot with 4,680 SF apartment building; Built in 1989 with composition roof and zoned heating; Roof and siding installed about 5 years ago
