1570-1590 James Street, Woodburn, OR 97071

Constant Commercial Real Estate is pleased to present Willamette Pointe Apartments, a 24-unit multifamily community located at 1570-1590 James Street in Woodburn, Oregon. Offered at $4,850,000 — representing a 6.43% going-in cap rate and $202,083 per unit — this offering represents a rare opportunity to acquire a well-maintained, stabilized workforce housing asset along Oregon's high-demand I-5 Corridor.

Built in 1970 and comprehensively renovated in 2018, the property comprises six two-story buildings on 1.27 acres. All 24 units are identically configured as two-bedroom, one-and-a-half-bath floor plans of 931 square feet, providing operational simplicity and broad tenant appeal. The property is currently 100% occupied with in-place rents averaging $1,737 per unit — demonstrating strong demand and management execution in a market where comparable assets are achieving $1,568 per unit.

The current ownership has implemented a utility billback program, recovering a meaningful portion of water and sewer expenses directly from tenants. There remains runway to expand billback recovery rates further upon lease renewals, providing an organic path to NOI growth without reliance on market rent increases.