Property summary
This exceptional Roseburg investment opportunity presents a six-unit multifamily property situated on a serene riverfront location. The property comprises three buildings totaling 4,975 square feet on a 0.83-acre lot, with a permitted MR14 zoning designation. Built in 1952 and extensively renovated in 2023, the property boasts minimal vacancy risk due to long-term, reputable tenants under stable net-net leases. The buildings offer a flexible layout: two buildings each contain two one-bedroom, one-bathroom units (easily convertible to three-bedroom, two-bathroom units), and a third building features a combined four-bedroom, two-bathroom unit and a separate one-bedroom, one-bathroom unit. A dedicated laundry facility is also included. All units are individually metered, contributing to low operating costs. The property generates a strong net operating income (NOI) of $71,915 annually, representing a 7.23% capitalization rate. The asking price is $995,000, or $165,833.33 per unit, and $200 per square foot. The property's location and the current tenant's specialized business (adult home care) contribute to its exceptional stability and long-term income potential. This is a rare opportunity to acquire a low-maintenance, high-return multifamily investment with significant upside potential in a desirable riverfront setting. The property's APN is R119810; R69912.
Property profile
VerifiedCap rate & NOI
Current use
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Travel Agency
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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