217 SE 16TH STPendleton, OR97801

$719,000
9 total units
$54,963 annual income
Capitilization Rate: 4.66
5790 sq. ft
SqFt15000to19999
Elementary School: Washington
Middle School: Sunridge
High School: Pendleton
Zoning: R2
556 days on market

VestorFilter™

Price per unit$79.9K/unit
Price per ft²$124.18/ft²
Recent price drop$10,000
Time on market556 days

Property Description

INVESTMENT OPPORTUNITY knocking! Single tax lot with 9 dwellings located amidst a lush green space with large trees and coin-op laundry facilities onsite. Includes a historic & charming apartment complex with 7 remodeled one-bedroom units, an updated 1-bedroom cottage, and a 2-bedroom manufactured home. Please note that income records include long periods of vacant units during extended remodeling. Neighboring property at 223 SE 16th Street is also for sale under MLS #22098172.

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Financial Data

Date Sold2023-01-13
Sold Price$699,000
Price ChangeDropped $10,000 on 01/13/2023
Total $10,000 drop
Original Price$729,000
Current Price$719,000
Property Taxes$4,378

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Home Facts

StatusSold
Year Built1945
MLS ID22179584

Unit Details

Unit 1
Unit 2
Unit 3