Seller's Agent in 2024
Evan Kaseberg
Land Leader
(541) 980-8730
44 Total Sales
2109 3rd St La Grande, OR 97850
--
Bed
--
Bath
7,308
Sq Ft
0.34
Acres
Highlights
- City View
- Laundry Facilities
- Level Lot
- Forced Air Heating System
About This Home
As of February 2024Welcome to 2109 3rd Street, the Bell Station Apartments, in ruggedly beautiful La Grande, Oregon. A rare public offering of a ten-unit apartment complex, Bell Station presents an extraordinary opportunity to step into an established complex with strong in-place income and proven upside.Bell Station itself consists of ten units across two buildings on one parcel. While featuring plenty of historic charm, the complex has had extensive, top-to-bottom renovations, with both cosmetic and system upgrades throughout. There is proven rent upside across multiple units, as well as the possibility of unlocking significant value by billing back utilities via RUBS or a similar program.The complex is strategically located just blocks from downtown La Grande, grocery, retail, and employment. Anchored by Eastern Oregon University, La Grande and the Grande Ronde Valley as a whole is a dynamic market, known for its arts scene, recreational opportunities, and natural beauty of the high desert.The Bell Station Apartments combines historic charm, a prime location, and strong upside, making it a compelling investment opportunity in the active La Grande community.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,796
Year Built
- Built in 1890
Lot Details
- Level Lot
Parking
- Paved Parking
Home Design
- Block Foundation
- Composition Roof
Interior Spaces
- 7,308 Sq Ft Home
- 2-Story Property
- City Views
Schools
- Stella Mayfield Middle School
- La Grande High School
Utilities
- No Cooling
- Forced Air Heating System
- Water Heater
Listing and Financial Details
- Rent includes electricity, gas, ground maintenance, sewer, trashcollection, water
- Assessor Parcel Number 1714
Community Details
Overview
- 55 Units
- Property managed by Catherine Creek P.M.
Amenities
- Laundry Facilities
Building Details
- Operating Expense $51,038
- Gross Income $141,629
- Net Operating Income $90,591
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/27/2024 02/27/24 | Sold | $980,000 | -10.9% | $134 / Sq Ft |
| 12/18/2023 12/18/23 | Pending | -- | -- | -- |
| 12/04/2023 12/04/23 | For Sale | $1,100,000 | +63.5% | $151 / Sq Ft |
| 05/28/2021 05/28/21 | Sold | $672,900 | +0.4% | $80 / Sq Ft |
| 02/27/2021 02/27/21 | Pending | -- | -- | -- |
| 02/24/2021 02/24/21 | For Sale | $669,900 | -- | $80 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Evan Kaseberg
-
Ashley Lacer
Seller Co-Listing Agent in 2024
Ashley Lacer
Land Leader
(541) 660-5111
103 Total Sales
-
Anna Goodman
Buyer's Agent in 2024
Anna Goodman
Eagle Cap Realty, Inc
(541) 805-5288
124 Total Sales
-
Ashley O'Toole
Seller's Agent in 2021
Ashley O'Toole
High Country Realty Professionals
(541) 663-9000
70 Total Sales
-
Buyer's Agent in 2021
Tom Abalan
Kelly Right Real Estate of Portland, LLC
(503) 939-7002
30 Total Sales
Map
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 23560291
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