Price$899,500
Units9
Gross scheduled income$91,632
Seller NOI$88,100
Listed cap rate—
Days on market373
Photos
Listing remarks
Downtown, multi-family income producing property! This Apartment Complex has 9 UNITS!! Most of the units have long-term tenants. Eight of the units are 2-bedroom 1-bath townhouse style apartments. These eight are approximately 825 square feet and have laundry hook-ups in the kitchen. They also have a small yard in the back of each unit. There is a studio/one bedroom unit that is located at the back up the property and is approximately 375 square feet. The smaller unit has a fenced area. Low maintenance yard and fully fenced. Close to shopping, dining and parks. This is a Great Investment Opportunity! Add this property to your rental portfolio today.
Unit mix
| Unit | Count | Beds | Baths | Actual rent | Pro forma |
|---|---|---|---|---|---|
| 1 | 1 | 1 | 1 | $675 | $725 |
| 2 | 1 | 2 | 1 | $760 | $995 |
| 3 | 1 | 2 | 1 | $761 | $995 |
| 4 | 1 | 2 | 1 | $790 | $995 |
| 5 | 1 | 2 | 1 | $900 | $995 |
| 6 | 2 | 2 | 1 | $925 | $995 |
| 7 | 1 | 2 | 1 | $950 | $995 |
| 8 | 1 | 2 | — | $975 | $995 |
Property facts
Year built1960
Parcel012128009000
Lot13,068 SF
Building/Living area6,909 SF
HeatingWall Furnace
CoolingEvaporative Cooling
WaterPublic
SewerPublic Sewer
Additional MLS fields
Original list price$960,000
Listing date2025-04-21
Off-market date2026-04-30
ZoningR2
Buildings3
Leased units9
Operating expenses$30,850
Water/sewer$6,353
Trash$3,574
Maintenance$2,131
Pest control$1,010
Annual tax$6,097
Tenant paysCable Tv, Electricity, Gas, Telephone
Rent controlNo
Electric meters9
Gas meters9
Water meters2
LaundryWasher Hookup, Gas Dryer Hookup, In Kitchen
FlooringCarpet, Laminate, Tile
AppliancesRefrigerator, Range Hood, Water Heater
InteriorAll Bedrooms Up, All Bedrooms Down
Lot featuresSix To Ten Units Acre, Lawn, Level, Near Park, Rocks, Yard
CommunityBiking, Curbs, Foothills, Fishing, Golf, Hiking, Lake, Sidewalks, Water Sports, Park
ViewNeighborhood
PoolNone
Senior communityNo
Last MLS update2026-05-14T18:47:56.067-00:00
See how Matt runs his numbers
Request a one-page investment summary using Matt’s underwriting lens.
Request summary
MLS attribution: Listing provided by Table Mountain Realty, Inc., Loretta Watson. Data source: CRMLS via Trestle / CRMLS. MLS ID OR25087704. Information is deemed reliable but not guaranteed and may change without notice.