Multi-Family Investment Property for Sale

Welcome to 2109 3rd Street, also known as the Bell Station Apartments, in ruggedly beautiful La Grande, Oregon. This exceptional multi-family investment property for sale, Bell Station, presents a rare public offering of a ten-unit apartment complex. It offers an extraordinary opportunity for investors to step into an established complex with strong in-place income and proven upside.

Multi-Family Investment Property for Sale: Bell Station Overview

Bell Station consists of ten units across two buildings on a single parcel, making it an ideal multi-family investment property for sale. While exuding plenty of historic charm, the complex has benefited from extensive, top-to-bottom renovations. These upgrades, both cosmetic and systemic, have modernized the property while retaining its unique character. The renovations have not only enhanced the property’s appeal but also ensured that it remains a competitive option in the housing market. This multi-family investment property for sale boasts proven rent upside across multiple units. Additionally, there is the possibility of unlocking significant value by implementing a utility bill-back program, such as RUBS, which can further optimize the revenue potential.

Strategic Location: A Key Feature of This Multi-Family Investment Property for Sale

Strategically located just blocks from downtown La Grande, this multi-family investment property for sale offers convenient access to grocery stores, retail outlets, and employment opportunities. Bell Station’s proximity to Eastern Oregon University adds to its allure, making it a sought-after location for potential tenants. La Grande and the Grande Ronde Valley, known for their vibrant arts scene, recreational opportunities, and the natural beauty of the high desert, provide an appealing backdrop for this multi-family investment property for sale.

Investment Potential of Bell Station Apartments

The Bell Station Apartments combine historic charm, a prime location, and strong upside, making it a compelling multi-family investment property for sale in the active La Grande community. The property’s established income stream, combined with the potential for rent increases and utility bill-backs, positions it as an attractive investment opportunity. For those looking to invest in a dynamic market, Bell Station represents a unique chance to own a piece of La Grande’s history while benefiting from its modern growth and vitality.

Brought to you by Martin Outdoor Property Group in partnership with Land Leader.  Martin Outdoor Property Group is a leading Southern Oregon Real Estate brokerage for commercial and residential properties, ranches, vineyards, and waterfront homes.