About 124 Nw 4th Ave.
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 of 124 Nw 4th Ave.
| MLS® # | 98955382 |
|---|---|
| Price Per SQFT | $268 |
| Square Footage | 4,660 |
| Acres | 0.42 |
| Year Built | 1946 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Listing Map
Community Information
| Address | 124 Nw 4th Ave. |
|---|---|
| Area | Ontario - 1600 |
| Subdivision | Wilsons Supplem |
| City | Ontario |
| County | Malheur |
| State | OR |
| Zip Code | 97914-0000 |
Amenities
| Utilities | Sewer Connected |
|---|---|
| Parking Spaces | 18 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Stove/Range (Some Units), Refrigerator (Some Units), Washer/Dryer (No Units) |
|---|---|
| Heating | Electric, Natural Gas, Wall Furnace |
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
Exterior
| Lot Description | 10000SF - .49 |
|---|---|
| Roof | Composition |
School Information
| District | Ontario School District 8C |
|---|---|
| Elementary | Ontario |
| Middle | Ontario Jr High |
| High | Ontario |
Additional Information
| Date Listed | July 21st, 2025 |
|---|---|
| Days on Market | 15 |
| Property Taxes | $3,117 |
| Tax Year | 2024 |
| Office | True North Real Estate Group, LLC |
| Contact Info | truenorthkellie@gmail.com |
Price History
| Status Changed from New to Active | – |