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124 NW 4th Ave. Ontario, OR $ 1,250,000
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124 NW 4th Ave.
$ 1,250,000
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124 NW 4th Ave.

Ontario, OR, 97914
$ 1,250,000
Baths0.0 Sq 4,660

Monthly Estimate*

$ 7,696

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Studio

Multi-Family Home for sale in Ontario, OR

for $1,250,000. This 4,660 square foot home was built in 1946 on a lot size of 0.42.

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.

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Multi-Family Active

Price

$ 1,250,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,116

Style

Lot Size

0.42

Year Built

1946

Town/City

Ontario

County/Region

Malheur

MLS | Web ID

98955382
Features
General
Heating Electric
Cooling Wall/Window Unit(s)
Utilities Sewer Connected
Roof Composition
Appliances Stove/Range (Some Units)
HOA Fee 0
Gas Y/N Unit 8 Separate Meter
Construction Materials Frame
Year Built 1946
Electric 7704
Property Subtype Apartment
Tax Year 2024
Current Use 5+ Units
Ownership Fee Simple
Gross Income 125376
County Malheur
Net Operating Income 70673
Operating Expense 54702
Property Type Residential Income
Subdivision Name Wilsons Supplem
Status Active
Directions West on W. Idaho ave North on N. Oregon St. West on NW 4th
High School Ontario
City Ontario
High School District Ontario School District 8C
Number Of Units Total 18
MLS Area Ontario - 1600
Lot Size Units Acres
Lot Size Square Feet 18295.2
Listing Terms Cash
Elementary School Ontario
Tax Annual Amount 3116.78
Middle/Junior High School Ontario Jr High
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Ontario School District 8C
Elementary School District Ontario School District 8C
Cap Rate 5.58
Legal Description Exhibit A
LeasableAreaUnits Square Feet
Freehold IDX
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Interior
Flooring Vinyl Sheet
Air Conditioning Y/N true
Heating Y/N true
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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Exterior
Lot Features 10000SF - .49
Water Source City Service
Total Parking 18
Lot Size Area 0.42
Building Area Total 4660
Lot Size Acres 0.42
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* Excluded Features
List By
Kellie Robinson

Listing Agent

True North Real Estate Group, Llc

Broker

truenorthkellie@gmail.com

Email

Affordability Calculator

$7,956
Per Month
97%
3%
0%
Monthly Principal & Interest
$7,696
Monthly Property Taxes
$260
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
397879 Elementary School
0 Middle School
Ontario High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/16/2025$1,250,000 Listed Price

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124 NW 4th Ave., Ontario, OR, 97914 is a Multi-Family Home for sale at $1,250,000 with 4,660 sqft and a lot size of 0.42. 124 NW 4th Ave. is a studio with 0.0 baths and was built in 1946. The property's zip code is 97914 which is in Ontario, OR

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