Investment Overview

Marcus & Millichap is pleased to present Kingstone Square Apartments, a stable and efficient opportunity to acquire a 10-unit, fully subsidized Project-Based Section 8 Affordable Housing community located in Nyssa, Oregon. This asset is ideally suited for a local operator with knowledge of the area who can benefit from self-management and long-term affordability preservation, with a potential re-syndication strategy as the HAP contract approaches expiration. Kingstone Square Apartments consists of ten one-bedroom units, all covered under a Project-Based Section 8 HAP contract that provides consistent, government-backed rental income. The current contract is set to expire in February 2033, creating a valuable window for re-syndication or recapitalization strategies once the remaining term drops below five years. The property has historically experienced no vacancy issues and maintains very stable rent collections, offering investors a highly predictable cash flow profile. The property is in good overall condition, featuring attractive landscaping and a clean, well-maintained site layout. Ownership has [insert details of any capital improvements here once known — e.g., replaced roofs, updated interiors, modernized building systems, etc.], supporting ongoing performance and long-term sustainability. Nyssa, Oregon, located in Malheur County near the Idaho border, is a small but strategically positioned agricultural and residential community along the Snake River. Kingstone Square benefits from a quiet, residential setting with proximity to local schools, grocery stores, and regional employers. The area’s affordability, rural charm, and strong demand for subsidized housing create a reliable rental base and minimal turnover. The city is also within reach of larger employment hubs such as Ontario, Oregon, and the Treasure Valley region of Idaho. This offering represents a rare opportunity to acquire a well-located, low-density affordable housing asset with reliable income, minimal operational complexity, and future upside through HAP renewal or re-syndication strategies. For a local buyer or mission-aligned investor, Kingstone Square Apartments offers both short-term stability and long-term strategic value.