2330 5Th St Baker City, OR 97814
This exceptional mixed-use property, located at 2330 5th St in Baker City, Oregon, presents a compelling value-add investment opportunity. The 10,080 square foot building, constructed in 1939, sits on a lot ranging from 7,000 to 8,000 square feet and boasts a permitted High Density Residential zoning. Currently configured as a blend of apartment, creative office, and traditional office spaces, this three-story building offers significant potential for redevelopment. The property has undergone substantial preparation for renovation, including a new roof, demolition, and complete asbestos abatement. Its rich history, having served as a nunnery and later a jeweler's residence, adds unique character. Situated near downtown Baker City, the building enjoys a convenient location within walking distance of local amenities. Priced at $239,000 ($23.71 per square foot), this property represents a rare chance to acquire a substantial building with significant upside potential in a desirable Oregon location. The building's versatile zoning and completed pre-renovation work make it ideal for a variety of uses, from residential conversion to modern office spaces. This is a turnkey opportunity for an investor seeking a project with a strong foundation for future growth.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.