Multifamily Property for Sale in North Bend, OR

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: North Bend, OR 97459

Description

Marcus & Millichap is excited to exclusively represent the sale of Marion Street Apartments, two adjoining apartment buildings located in North Bend, Oregon. This well-kept complex includes a total of 12 units, along with a laundry facility and additional storage units, making it an appealing investment prospect. The Marion Street Apartments consist of 9 two-bedroom units, 2 one-bedroom units, and 1 studio, all featuring open layouts that enhance the living experience. All of the units are designed in a garden-style layout, with over half featuring back patios and spacious fenced front yards, perfect for tenants looking for outdoor space and a house-like environment. There is an opportunity to increase rental income by aligning rents with the highest proven and continuing upgrades with premium finishes such as stainless steel appliances, quartz countertops and modern hardware packages. The complex has undergone numerous upgrades, including modernized electrical and plumbing systems, several new electric panels, and updated water heaters and many interiors tuned to a quality workforce housing option. Investment Highlights: • Upside in Already Proven Rents • Diverse Mix of Studios, One- and Two-Bedroom Units Tucked Away in Quiet Residential Neighborhood • Updated Electrical and Plumbing Plus New Sliding Back Doors and Fiberglass Front Doors in All Units • Majority of Units Offer LVP Flooring and Formica Countertops • Professionally Managed and Maintained

Market Context

This multifamily in North Bend, OR is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in North Bend, OR — <a href="/search/sale/multifamily/oregon/north-bend">view the full market</a>.

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