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124 NW 4th Ave.

Ontario, OR 97914
  • $1,250,000
  • STATUS: Active
  • ON SITE: 203 Days
  • MLS #: 98955382
UPDATED: 35 min ago
$1,250,000
  • 0
    BEDS
  • 0.42
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,660
    SQFT
  • $268
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1946
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Intermountain MLS logoCourtesy of True North Real Estate Group, LLC at 208-739-6876.

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.

Directions: West on W. Idaho ave, North on N. Oregon St. West on NW 4th

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Intermountain MLS logo© 2026 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Southey Real Estate | EXP Realty are marked with the IMLS IDX logo and information about them includes the name of the listing brokerage. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Data last updated 2026-02-10T12:10:26.823.
www.southeyrealestate.com/homes/166133382
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124 NW 4th Ave. Ontario, OR 97914

  • Price: $1,250,000
  • Status: Active
  • On Site: 203 Days
  • Updated: 35 min ago
  • MLS #: 98955382
0
Beds
0
Baths
0
½ Baths
0.42
Acres
4,660
SQFT
$268
$/SQFT
1946
Built
Neighborhood:
Wilsons Supplem
County:
Malheur
Area:
Ontario - 1600
Elementary School:
Ontario
Middle School:
Ontario Jr High
High School:
Ontario
School District:
Ontario School District 8C
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.

Directions: West on W. Idaho ave, North on N. Oregon St. West on NW 4th
Exterior Features

Construction Materials Frame Lot Features 10000SF - .49 Parking Total 18 Roof Composition

Interior Features

Above Grade Finished Area Units Square Feet Appliances Stove/Range (Some Units)Refrigerator (Some Units)Washer/Dryer (No Units) Below Grade Finished Area Units Square Feet Building Area Total 4660 Cooling Wall/Window Unit(s) Cooling YN Yes Flooring Vinyl Sheet Heating ElectricNatural GasWall Furnace Heating YN Yes

Property Features

Association Fee 0 Current Use 5+ Units Electric 7704Unit 8 Separate Meter Gas Unit 8 Separate Meter Gross Income 125376 Listing Terms CashConventionalOwner Will Carry Net Operating Income 70673 Operating Expense 54702 Ownership Fee Simple Property Sub Type Apartment Tax Annual Amount 3116.78 Tax Legal Description Exhibit A Tax Year 2024 Utilities Sewer Connected Water Source City Service

Intermountain MLS logoCourtesy of True North Real Estate Group, LLC: 208-739-6876.


Intermountain MLS logo© 2026 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Southey Real Estate | EXP Realty are marked with the IMLS IDX logo and information about them includes the name of the listing brokerage. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Data last updated 2026-02-10T12:10:26.823.
 
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Southey Real Estate | EXP Realty
Boise ID, 83702
Intermountain MLS logoCourtesy of True North Real Estate Group, LLC at 208-739-6876.