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Multifamily

Sergeant City Apartments

432 NW 15th St, Pendleton, OR 97801

Listing Price: $3,675,000

Cap Rate
6.69%
Number of Units
30
GRM
7.66
Occupancy
95.0%
Price/Unit
$122,500

Investment Overview

Pendleton, Oregon, situated on the south bank of the Umatilla River in the foothills of the Blue Mountains, is a city with a rich heritage and a growing economy. Known for the Pendleton Woolen Mills, which originally crafted blankets for trade with Native Americans, and the Pendleton Round-Up, one of the top ten rodeos globally, Pendleton combines historical significance with modern vibrancy.

The city is a cultural cornerstone in eastern Oregon, featuring two symphony orchestras, a robust strings program in its public schools, a thriving arts center, and Blue Mountain Community College. Recent revitalization of the business district has invigorated local commerce and attracted new businesses.

Pendleton's economy is bolstered by key employers like Blue Mountain Community College, St. Anthony Hospital, and Wildhorse Resort & Casino, which contribute significantly to the region's economic stability. The city has seen a 5.9% population growth over the past decade, bringing its current population to approximately 17,100. This growth has spurred increased demand for quality housing.

Additionally, the area's economic development is supported by a diverse range of industries, including retail, hospitality, and education. Investments in infrastructure and community projects continue to drive economic expansion, making Pendleton a dynamic and increasingly prosperous region.

Investment Highlights

  • Diverse Unit Mix of two and Three Bedroom Townhouses
  • Laundry Hookups In All Units
  • Newer Vinyl Windows and Roof Throughout
  • Strong Rental Upside

Exclusively Listed By

Financing By

Multifamily

Sergeant City Apartments

Listing Price: $3,675,000

Cap Rate
6.69%
Number of Units
30
GRM
7.66
Occupancy
95.0%
Price/Unit
$122,500

Investment Highlights

  • Diverse Unit Mix of two and Three Bedroom Townhouses
  • Laundry Hookups In All Units
  • Newer Vinyl Windows and Roof Throughout
  • Strong Rental Upside

Investment Overview

Pendleton, Oregon, situated on the south bank of the Umatilla River in the foothills of the Blue Mountains, is a city with a rich heritage and a growing economy. Known for the Pendleton Woolen Mills, which originally crafted blankets for trade with Native Americans, and the Pendleton Round-Up, one of the top ten rodeos globally, Pendleton combines historical significance with modern vibrancy. The city is a cultural cornerstone in eastern Oregon, featuring two symphony orchestras, a robust strings program in its public schools, a thriving arts center, and Blue Mountain Community College. Recent revitalization of the business district has invigorated local commerce and attracted new businesses. Pendleton's economy is bolstered by key employers like Blue Mountain Community College, St. Anthony Hospital, and Wildhorse Resort & Casino, which contribute significantly to the region's economic stability. The city has seen a 5.9% population growth over the past decade, bringing its current population to approximately 17,100. This growth has spurred increased demand for quality housing. Additionally, the area's economic development is supported by a diverse range of industries, including retail, hospitality, and education. Investments in infrastructure and community projects continue to drive economic expansion, making Pendleton a dynamic and increasingly prosperous region.

Exclusively Listed By

Financing By

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