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Multifamily

Park Street Apartments

820-860 Park St, Lebanon, OR 97355

Listing Price: $1,370,000

Cap Rate
6.02%
Number of Units
11
GRM
9.87
Occupancy
95.0%
Price/Unit
$124,545
Price/Gross SF
$203.02
Gross SF
6,748

Investment Overview

The Park Street Apartments is an 11-unit apartment community, consisting of seven buildings. The property is located at 820-860 Park Street in Lebanon Oregon, built in 1940 and renovated in 2019. The property consists of two (2) studio units and four (4) one-bedroom units, four (4) two-bedroom units and one (1) three-bedroom unit. This apartment offers ample off-street parking and contains three parking garages. Each unit has been renovated with new LVP flooring, counters, interior paint and fixtures.

Nestled in the heart of Lebanon, 820 Park St Apartments offers contemporary living in a prime location with easy access to public transportation and major highways, makes commuting a breeze. These thoughtfully designed Studio, one, two and three-bedroom apartments provide the perfect variety of floor plans for any potential owner. Tenants will enjoy local attractions, schools, and park within a short walking distance, all while being surrounded by a welcoming community.

Investment Highlights

  • 6.00% Cap Rate On Current Income
  • Renovated In 2019
  • Desirable Mix of Floor Plans
  • Walking Distance to Schools, Restaurants, and Parks

Exclusively Listed By

Financing By

Multifamily

Park Street Apartments

Listing Price: $1,370,000

Cap Rate
6.02%
Number of Units
11
GRM
9.87
Occupancy
95.0%
Price/Unit
$124,545
Price/Gross SF
$203.02
Gross SF
6,748

Investment Highlights

  • 6.00% Cap Rate On Current Income
  • Renovated In 2019
  • Desirable Mix of Floor Plans
  • Walking Distance to Schools, Restaurants, and Parks

Investment Overview

The Park Street Apartments is an 11-unit apartment community, consisting of seven buildings. The property is located at 820-860 Park Street in Lebanon Oregon, built in 1940 and renovated in 2019. The property consists of two (2) studio units and four (4) one-bedroom units, four (4) two-bedroom units and one (1) three-bedroom unit. This apartment offers ample off-street parking and contains three parking garages. Each unit has been renovated with new LVP flooring, counters, interior paint and fixtures. Nestled in the heart of Lebanon, 820 Park St Apartments offers contemporary living in a prime location with easy access to public transportation and major highways, makes commuting a breeze. These thoughtfully designed Studio, one, two and three-bedroom apartments provide the perfect variety of floor plans for any potential owner. Tenants will enjoy local attractions, schools, and park within a short walking distance, all while being surrounded by a welcoming community.

Exclusively Listed By

Financing By

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