1. Oregon
  2. Ontario
  3. 124 NW 4th Ave.
$1,250,000/mo

124 NW 4th Ave., Ontario, OR 97914

  • 4,660 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1946
  • Property Lot Size Icon0.42acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $268/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

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 Status:
Active
Date Added:
July 21, 2025 at 05:00AM
Listing Office:
True North Real Estate Group, LLC : 208-739-6876
Listing Agent:
Kellie Robinson : 208-739-6876
MLS ID:
98955382
  • Appliances: Stove/Range (Some Units)Refrigerator (Some Units)Washer/Dryer (No Units)
  • Flooring: Vinyl Sheet
  • A/C: Wall/Window Unit(s)
  • Heating: ElectricNatural GasWall Furnace

This listing courtesy of Kellie Robinson, True North Real Estate Group, LLC

Location

Schools Nearby

M

May Roberts Elementary School

590 NW 8th St, Ontario, OR, 97914

Grades KG-6

0.44 miles away

O

Ontario Middle School

573 SW 2nd Ave, Ontario, OR, 97914

Grades 7-8

0.42 miles away

O

Ontario High School

1115 W Idaho Ave, Ontario, OR, 97914

Grades 9-12

0.71 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.