150 H St Independence, OR 97351-2303
Property Lookup
Property profile & analytics
150 H St Independence, OR 97351-2303
- Apartment buildings
- 9,915 SF
- 0.90 lot acres
Property ID
US71-0421050
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 150 H St
- Year built
- 1969
- Lot size
- 0.90 lot acres
- Property size
- 9,915 SF
- Zone code
- RH
- Property type
- Apartment buildings
- APN
- 08428-BD-09400
- APU
- 08428BD09400
Description
This fee-simple owned, 26-unit apartment building, known as Oakvilla Apartments, presents a compelling investment opportunity. Located at 150 H St, Independence, OR 97351, this Class C multifamily property boasts 14,560 net rentable square feet across six single-story buildings on a 1.45-acre lot. Built in 1969, the property features spacious one-bedroom, one-bathroom units, designed with large windows for abundant natural light. The low-density layout creates a private, condo-like atmosphere enhanced by mature landscaping. Situated just blocks from downtown Independence, the complex benefits from a quiet, residential setting with easy access to local amenities. The property has a proven history of low vacancy rates and strong tenant satisfaction, reflected in a Net Operating Income (NOI) of $181,936 and a 6.27% capitalization rate. Offered at $2,900,000 ($111,538 per unit), this property provides a solid cash flow with potential for future value appreciation and additional development opportunities given the ample land. The property has been under the same ownership for over 20 years, demonstrating its stability and consistent performance in a highly sought-after market. This represents a rare opportunity to acquire a well-maintained, income-producing asset with significant long-term potential.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Independence
- County
- Polk
- State
- Oregon
- Longitude
- -123.186
- Latitude
- 44.8471
- CBSA code
- 41420
- CBSA name
- SALEM, OR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,159
$97,210
$433,770
$530,980
-
$272,330
$836,560
$1,108,890
