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Multifamily

Fielding Apartments

224 Crouse Way, St. Helens, OR 97051

Listing Price: $1,000,000

Cap Rate
9.16%
Number of Units
15
GRM
6.34
Occupancy
95.0%
Price/Unit
$66,667

Investment Overview

Fielding Apartments is a two-story apartment complex located at 224 Crouse Way, Saint Helens, Oregon 97051. Constructed in 1937, the property spans 6,304 square feet and comprises fifteen units, including eight Single Room Occupancy (SRO) rooms and seven studios. SRO rooms are equipped with microwaves and refrigerators, while studios feature bathrooms and kitchenettes with sinks and refrigerators.

Under the current ownership, the property has undergone significant renovations, including a new roof in 2018, upgraded electrical and plumbing systems, and improved units with new LVP flooring, countertops, and tiling in bathrooms. Three shared bathrooms are available for SRO tenants, one of which has been completely remodeled. Additionally, tenants have access to a large shared kitchen and yard space.

Ideally located in a peaceful neighborhood, Fielding Apartments is just minutes away from Highway 30 and Saint Helens' shopping centers. The historic downtown and waterfront district are a short six-minute drive away, providing tenants with access to various local shops, restaurants, and entertainment options. Furthermore, Saint Helens is only a 40-minute drive from Portland, giving residents the opportunity to enjoy a quiet living experience while being able to tap into Portland's employment market.

Investment Highlights

  • 9.16% cap rate on current income
  • Local economy is seeing substantial investment and development
  • Significant recent renovations including new roof in 2018, new electrical, almost entirely replaced plumbing, recently painted siding, new sprinkler system, and renovated units

Exclusively Listed By

Financing By

Multifamily

Fielding Apartments

Listing Price: $1,000,000

Cap Rate
9.16%
Number of Units
15
GRM
6.34
Occupancy
95.0%
Price/Unit
$66,667

Investment Highlights

  • 9.16% cap rate on current income
  • Local economy is seeing substantial investment and development
  • Significant recent renovations including new roof in 2018, new electrical, almost entirely replaced plumbing, recently painted siding, new sprinkler system, and renovated units

Investment Overview

Fielding Apartments is a two-story apartment complex located at 224 Crouse Way, Saint Helens, Oregon 97051. Constructed in 1937, the property spans 6,304 square feet and comprises fifteen units, including eight Single Room Occupancy (SRO) rooms and seven studios. SRO rooms are equipped with microwaves and refrigerators, while studios feature bathrooms and kitchenettes with sinks and refrigerators. Under the current ownership, the property has undergone significant renovations, including a new roof in 2018, upgraded electrical and plumbing systems, and improved units with new LVP flooring, countertops, and tiling in bathrooms. Three shared bathrooms are available for SRO tenants, one of which has been completely remodeled. Additionally, tenants have access to a large shared kitchen and yard space. Ideally located in a peaceful neighborhood, Fielding Apartments is just minutes away from Highway 30 and Saint Helens' shopping centers. The historic downtown and waterfront district are a short six-minute drive away, providing tenants with access to various local shops, restaurants, and entertainment options. Furthermore, Saint Helens is only a 40-minute drive from Portland, giving residents the opportunity to enjoy a quiet living experience while being able to tap into Portland's employment market.

Exclusively Listed By

Financing By

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