434 462 5th Street, Pendleton, OR 97801
$2,650,000
Property Type:
Residential Income
Square Footage:
32,440
Lot Size (sq. ft.):
50,094
Status:
Closed
Current Price:
$2,650,000
List Date:
7/12/2018
Last Modified:
5/27/2026
Description
Unique opportunity to purchase this single-owner, 5 building apartment complex in Pendleton's central core. Well located on 5th and Frazer, the Village Apartments are situated on Kayak, Pendleton's transit system for easy access to Blue Mountain Community College and all nearby amenities. Well maintained and updated with new windows, sliding doors and stairways plus laundry facilities and off street parking.
Supplements: ********
More Information MLS# 201807201
Location, Tax, and Legal
Modifier: 462
Cross Street: Frazer
Section: Not Applicable
Tax Map Number: 2N3210
Tax Lot: 0
Tax Block: 0
Lot Size Acres: 1.15
Lot Size Square Feet: 50094
Contract Information
List Price per SqFt: 81.6892
Current Price: $2,650,000
Status: Closed
Original List Price: 2650000
Sold Price: $2,650,000
Listing Contract Date: 2018-07-12
General Property Information
Building Area Total: 32440
# of Units Total: 45
Zoning: C1
Tax Annual Amount: 1175.62
Tax Year: 2017
CC&R's YN: No
Association YN: No
Sign On Property YN: Yes
Property Sub Type: Multi Family
Remarks and Miscellaneous
Public Remarks: Unique opportunity to purchase this single-owner, 5 building apartment complex in Pendleton's central core. Well located on 5th and Frazer, the Village Apartments are situated on Kayak, Pendleton's transit system for easy access to Blue Mountain Community College and all nearby amenities. Well maintained and updated with new windows, sliding doors and stairways plus laundry facilities and off street parking.
Status Change Information
Sold Price per SqFt: 81.6892
Close Date: 2019-04-05
Under Contract Date: 2018-08-01
Status Change Timestamp: 2019-04-05
Close Price: 2650000
Architectural Style
Traditional: 1
Income and Expenses (Annual Amounts)
Net Operating Income: 158995
Gross Income: 339181
Operating Expense: 180186
Cap Rate: 6
Construction Materials
Frame: 1
Flooring
Carpet: 1
Listing Terms
Cash: 1
Foundation Details
Stemwall: 1
Heating
Electric: 1
Levels
Two: 1
Roof
Composition: 1
Unit 1
Unit #: 434 SW 5th
# of Bedrooms: 2
Square Footage: 880
# Full Baths: 1
Monthly Rent: 825
Unit 2
Unit #: 450 SW 5th
# of Bedrooms: 2
Square Footage: 880
# Full Baths: 1
Monthly Rent: 825
Unit 3
Unit #: 462 SW 5th St
# of Bedrooms: 2
Square Footage: 880
# Full Baths: 1
Monthly Rent: 825
Unit 4
Unit #: 438 SW 5th (North)
# of Bedrooms: 2
Square Footage: 710
# Full Baths: 1
Monthly Rent: 585
Parking Features
Other: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Parking Details
# of Other Parking: 50
Location Tax and Legal
Street Number: 434
Street Name: 5th Street
County: Umatilla
State: OR
Postal Code: 97801
Subdivision Name: N/A
Property Features
Architectural Style: Traditional
Construction Materials: Frame
Flooring: Carpet
Foundation Details: Stemwall
Heating: Electric
Levels: Two
Roof: Composition
Parking Features: Other
Sewer: Public Sewer
Water Source: Public
Listing Terms: Cash
Listing Office:
NAI Cascade
Last Updated: May - 27 - 2026
Information deemed reliable but not guaranteed.