$1,250,000

124 NW 4th Ave Ontario, OR 97914

Estimated payment $6,842/month

Total Views 4,106
-- Bed
-- Bath
4,660 Sq Ft
$268 Price per Sq Ft

Highlights

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • 4-minute walk to Laxson Park
  • Vinyl Flooring

About This Home

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.

Listing Agent

Kellie Robinson

True North Real Estate Group, LLC Brokerage Phone: 208-739-6876 Listed on: 07/21/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,117

Year Built

  • Built in 1946

Lot Details

  • 0.42 Acre Lot

Parking

  • 18 Parking Spaces

Home Design

  • Frame Construction
  • Composition Roof

Interior Spaces

  • 4,660 Sq Ft Home
  • Vinyl Flooring

Schools

  • Ontario Elementary School
  • Ontario Jr High Middle School
  • Ontario High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 18S4703CB4600

Community Details

Overview

  • 18 Units

Building Details

  • Operating Expense $54,702
  • Gross Income $125,376
  • Net Operating Income $70,673

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,117

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Year Built: 1946
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.42
  • CapRate: 5.58
  • Ownership: Fee Simple
  • Subdivision Name: Wilsons Supplem
  • Attribution Contact: 208-739-6876
  • Special Features: None

Interior Features

  • Heating: Electric, Natural Gas, Wall Furnace
  • Appliances: Stove/Range (Some Units), Refrigerator (Some Units), Washer/Dryer (No Units)
  • Flooring: Vinyl Sheet
  • Living Area: 4660

Exterior Features

  • Roof: Composition
  • Construction Type: Frame

Garage/Parking

  • Total Parking Spaces: 18

Utilities

  • Cooling: Wall/Window Unit(s)
  • Electric: 7704, Unit 8 Separate Meter
  • Water Source: City Service
  • Gas: Unit 8 Separate Meter
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Sewer Connected

Schools

  • Elementary School: Ontario
  • Junior High Dist: Ontario School District 8C
  • High School: Ontario
  • Middle Or Junior School: Ontario Jr High

Lot Info

  • Lot Features: 10000SF - .49
  • Parcel Number: 18S4703CB4600
  • Current Use: 5+ Units
  • Lot Size Sq Ft: 18295.2

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 3116.78

Multi Family

  • Number Of Units Total: 18
  • Annual Gross Income: 125376
  • Property Net Operating Income: 70673
  • Annual Operating Expense: 54702
  • Above Grade Finished Area Units: Square Feet

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2025 07/21/25 For Sale $1,250,000 -- $268 / Sq Ft
Source: Intermountain MLS

Source: Intermountain MLS

MLS Number: 98955382

Intermountain MLS

APN: 000374

Oregon Malheur County Ontario 97914

124 NW 4th Ave, Ontario, OR

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Intermountain MLS IDX information is provided exclusively for consumers’ personal, non-commercial use, that 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.

Information provided by IMLS is deemed reliable but not guaranteed.

Nearby Homes
Kellie Robinson
Listing Agent
Kellie Robinson
Section Image
True North Real Estate Group, LLC
(458) 216-2292