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Shadow Hills Apartment Building
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999 NE 3rd St, Prineville, OR 97754

Multifamily community with varied layouts, controlled entry, and extensive recent unit and exterior upgrades.

Property SizeContact for details
Days on Market179

Property Features for 999 NE 3rd St

General Information

Standard status Active
Class C
Property subtype Multifamily
Net Operating Income $160,171

Building Details

Year Built 1978
Buildings 1
Stories 2
Units 23
Listing Agency: Marcus & Millichap - Portland
Listed By: Whitney Rhoades · License #201204200
Source: Crexi
Added: Mar 10 Changed: Sep 1 Last Checked: Sep 4 at 11:45AM

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 Marcus & Millichap - Portland

Investment Insights

Based on property information with market context.

Shadow Hills is a 23-unit apartment property at 999 NE 3rd St in Prineville, Oregon. The unit mix includes nine one-bedroom/one-bath apartments, ten two-bedroom/one-bath apartments, and four three-bedroom/one-bath apartments. Most residences include designated off-street parking, luxury vinyl plank flooring, dishwashers, updated baseboard heating, and window-mounted air conditioning. Controlled-access entry and security cameras are also in place.

Ownership improvements completed during the past five years include exterior paint, selective siding repairs, parking lot resealing, new signage, replacement air-conditioning units in multiple apartments, and interior renovations in more than 70% of the units. Renovated interiors feature updated flooring, appliances, and finishes. Built in 1978, the property is positioned along Prineville’s main thoroughfare with access to shopping, dining, employment centers, and essential services.

Key Highlights

  • 23 units with nine one‑bedroom, ten two‑bedroom, and four three‑bedroom apartments
  • More than 70% of units received interior renovations during the past five years
  • Luxury vinyl plank flooring, dishwashers, updated baseboard heating, and window‑mounted A/C in most units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Kitchen & Bath Showroom Garden Center (Bike/Boat/Book/etc) Store Computer & Electronic Repair Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

576
Businesses Nearby

Demographics for 97754, OR

21,627
Population
9,985
Households
2.2
Avg Household Size
46
Median Age
21%
College-Educated
90%
High-School Grad
1,370.6 sq mi
ZIP Area
16
Density / Sq Mi
$76,698
Median Household Income
$42,395
Median Earnings
$1,224
Median Rent
$397,700
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily community with varied layouts, controlled entry, and extensive recent unit and exterior upgrades.
Where is this apartment building located?
The property is located at 999 NE 3rd St Prineville, OR.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 23 units with nine one‑bedroom, ten two‑bedroom, and four three‑bedroom apartments; More than 70% of units received interior renovations during the past five years; Luxury vinyl plank flooring, dishwashers, updated baseboard heating, and window‑mounted A/C in most units
(503) 200-2000 Call to check price and availability
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