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Property Description

This is an amazing investment opportunity!! 18 fully rented units with a long standing and solid rental history. These units are separated into four structures on a .42 acre corner lot. The neighborhood is quiet and the units all show pride of ownership. The history of this parcel is that it used to be a hotel and then was converted into studio units and or 1 bedroom units. Some of these units have kitchenettes with a stove and some do not. These units are available to be shown to prequalified buyers once an offer has been accepted so as to not disturb the tenants. You may drive by and view the exterior at any time, just do not disturb the tenants. If you’re looking to do a 1031 exchange or looking to expand your portfolio with a 5.58% cap rate then do not pass this property by! It’s truly amazing and has been very well cared for.

Features
Heating:
Gas, Wall, Electric
Cooling:
Window/Wall Unit
Total Parking:
18
Appliances
Refrigerator:
Some units
Stove/Range:
Some units
Washer/Dryers:
No units
Address Map
Country:
US
State:
OR
County:
Malheur
City:
Ontario
Zipcode:
97914-0000
Street:
124 NW 4th Ave.
Longitude:
W117° 2' 11.7''
Latitude:
N44° 1' 48.7''
Schools
School District:
Ontario School District 8C
Elementary School:
Ontario
Middle School:
Ontario Jr High
High School:
Ontario
Additional Details
Status:
Active
Type:
Apartment
Tax Year:
2024
Taxes:
$3,117
Potential Short Sale:
No
Unit count:
18
Age:
81+ Years
Auction:
No
Flood Ins Required:
No
In Foreclosure:
No
Land Size:
10000SF - .49
Home Owner Exempt:
No
HOA Frequency:
Not Applicable
Electric:
7704
Construction:
Frame
Roof:
Composition shingle
Water:
City service
Land Use:
5+ units

Residential Income For Sale

124 NW 4th Ave., Ontario, Oregon 97914-0000

4,660 SqFt
Visits : 12 in 191 days
$1,250,000
Listing ID #98955382
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Status :
Active
Listing ID :
98955382
Price :
$1,250,000
Apx SqFt :
4,660 SqFt
Year Built :
1946
Lot Area :
0.42 Acres
Days on Market :
186
Subdivision :
Wilsons Supplem
Update Date :
01/22/2026 17:27:02
Contact Agent
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