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Market Village Apartments
FOR SALE | 71 Unit Apartment Complex w/ Retail in Beautiful Downtown Fairview
Listing Contacts
See All (3)
License: WA 25460, OR 200403266
License: WA, OR 201212905
Active
Asking Price: $21,395,000
Address
1650 NE Market Dr, Fairview, OR 97024
Show on MapDate Added
Jan 16, 2025
Days on Market
69 days
Time Since Last Update
42 days
Details
Property TypeMultifamily
SubtypeApartment Building, Retail
ClassA
Square Footage64,404
Cap Rate5.25%
Units71
Year Built2022
Buildings1
Stories3
ZoningVillage Mixed Use (VMU)
Lot Size (acres)1.59
Parking (spaces)107
APNR668077, R668078, R668079
Marketing Description
2022 Construction • 4 Ground Floor Retail Units
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Sale Price: $21,395,000
CAP Rate: 5.25%
Assumable Financing: 4.83%
Units: 71 Units with 1-Bed, 2-Bed, and Townhome-style Mix
Parking: 107 Total Stalls (43 Covered and 4 Handicap Stalls)
Retail Space: 4 Units (5,550 SF)
Building Gross Area: 64,404 SF
Investment Highlights
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Multifamily Investment Opportunity with Assumable Financing (Interest Only Loan)
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Value Add Through Retail Lease Up
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Large and Modern Units
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Units Include High Ceilings, In Unit Washer & Dryer, Custom Cabinetry and Stainless Steel Appliances
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Nearby Many New Restaurants and Retailers in Downtown Fairview
Valuation Calculator
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Property History
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Due Diligence
Listing Contacts
See All (3)- License: WA 25460, OR 200403266
- License: WA, OR 201212905
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