www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33468771
33468606

108 Southeast 6th Street, College Place, WA 99324

WR
WA 25012784, OR 201204200
Marcus & Millichap - Portland
ND
2201232300
Marcus & Millichap - Portland
Listed by Marcus & Millichap - Portland
$1,400,000
1 day on market
Updated 0 days ago

Tower View Apartments

Details
Property Type Multifamily
Square Footage 7,793
Units 18
Cap Rate 6.24%
NOI $87,396
Pro-Forma Cap Rate 7.85%
Pro-Forma NOI $109,903
Class B
Year Built 1910
Year Renovated 1982
Buildings 4
Acreage 0.610
Parking Spaces 18 spaces
Parking Per SqFt 2.31
Investment Type Value Add
Sale Condition For sale by owner

6.24% CAP

Marketing description

https://towerview-therhoadesgroup.lovable.app/

The Rhoades Group of Marcus & Millichap is pleased to exclusively present Tower View Apartments, an 11-unit multifamily investment opportunity located in College Place. The property consists of four

separate residential structures situated on a 0.61-acre tax lot, including one fourplex, one triplex, and two duplexes. Three of the four buildings were constructed between 1975 and 1982, while the original 1910 structure has undergone significant upgrades and modernization over time.

Throughout the current ownership’s six-year tenure, the asset has benefited from professional

management and consistent maintenance. Notable capital improvements include roofs on all structures within the past 10 years and upgraded ABS plumbing with copper supply lines in three of

the four buildings. Additionally, six of the 11 units have been renovated, featuring newer

appliances, updated LVP and carpet flooring combinations, cadet heating systems, and in-wall air

conditioning. Approximately $15,000 invested in lot line adjustment, architectural plans, and a

geotechnical survey for a potential duplex addition on the property approved by the city of College

Place.

The property offers a desirable unit mix of eight two-bedroom, one-bathroom units and three

one-bedroom, one-bathroom units, with sizes ranging from approximately 500 to 843 square feet. The multi-building layout provides a more residential setting while reducing concentration risk and enhancing operational flexibility.

Tower View Apartments is strategically located near Walla Walla University and downtown Walla

Walla. The surrounding area is supported by a diverse economic base including education,

healthcare, agriculture, and tourism. Proximity to the Tri-Cities growth corridor further strengthens rental demand, supporting stable occupancy and long-term rent growth.

Investment highlights

RENTAL UPSIDE - Strong Upside in Already Achieved Rents

DESIRABLE UNIT MIX - Primarily All Attractive High Demand Two-Bedroom Units

TIGHT OCCUPANCY - Extremely Low Vacancy on Highly Sought After Location

CIVIC CORE LOCATION - Ideally Located Next to City Hall, Police Headquarters and Fire Station

PROFESSIONAL OVERSIGHT - Professionally Managed and Maintained

Listing Contacts

WR
WA 25012784, OR 201204200
Marcus & Millichap - Portland
ND
2201232300
Marcus & Millichap - Portland
Listed by Marcus & Millichap - Portland

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$87,396.00
$7,283.00/mo

Valuation Metrics

0
DSCR
6.24%
Cap Rate
6.24%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Joel Deis
License
WA 25469
Title
Broker of Record
Name
Whitney Rhoades
License
25012784
Brokerage Phone
2068265700
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591