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Off market
  • $1,452,300

    1789 NE 8th St, Hermiston, OR 97838

    3beds
    3baths
    40,000sqft
    MultiFamily
    Built in 2017
    -- sqft lot
    $1,452,300 Zestimate®
    $36/sqft
    $1,954 Estimated rent

    Home value

    $1,452,300

    $1.12M - $1.87M

    $1,954/mo

    Zestimate® history
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    Owner options

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    $1,954/mo

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    $1,954/mo

    Rent Zestimate®

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    $7,205/mo

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    $7,205/mo

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    What's special

    27 new townhomes. Turnkey multifamily listing. Each unit is on a separate tax lot and can be sold individually like a condo. Listing can be sold in any increments (1-27) price per unit will vary. Fourplex formation. These are fully leased and stabilized rents. Professionally managed at 6%. HOA maintains all exteriors. HOA dues are $65 per month. Tenants pay all utilities. Up to 47 additional units available. Perfect 1031 tax investment allows for single units liquidation at owners discretion.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    Heating
    • Forced air, Electric
    Cooling
    • Central
    Appliances
    • Included: Refrigerator
    • Laundry: Washer/Dryer Hookup
    Features
    • Windows: Window Coverings
    Interior area
    • Total interior livable area: 40,000 sqft

    Property

    Parking
    • Parking features: Garage - Attached
    Features
    • Patio & porch: Deck
    • Exterior features: Cement / Concrete
    Lot
    • Size: 2,614 sqft
    • Features: Level, Views
    Details
    • Parcel number: 4N2802DB07800
    • Zoning: R3

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Composition
    Condition
    • Existing
    • Year built: 2017

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Cable Connected

    Community & neighborhood

    Security
    • Security features: Sidewalk
    Location
    • Region: Hermiston

    HOA & financial

    Other financial information
    • Total actual rent: 1400

    Other

    Other facts
    • ViewYN: true
    • Sewer: Public Sewer
    • WaterSource: Public
    • FoundationDetails: Concrete Perimeter, Slab
    • Zoning: R3
    • Heating: Forced Air
    • RoadSurfaceType: Paved
    • Appliances: Refrigerator, Electric Water Heater, Tank Water Heater
    • GarageYN: true
    • AttachedGarageYN: true
    • HeatingYN: true
    • PatioAndPorchFeatures: Deck
    • Utilities: Electricity Connected, Cable Connected
    • CoolingYN: true
    • NumberOfUnitsTotal: 27
    • Roof: Composition
    • LotFeatures: Level, Views
    • ConstructionMaterials: Cement Siding, Lap Siding
    • FarmLandAreaUnits: Square Feet
    • ParkingFeatures: Storage, Attached, Guest
    • RentIncludes: Cable TV, Maintenance Grounds
    • WindowFeatures: Window Coverings
    • Cooling: Central Air, Air Conditioning
    • TotalActualRent: 1400
    • View: Territorial
    • LaundryFeatures: Washer/Dryer Hookup
    • PropertyCondition: Existing
    • CapRate: 8.43
    • MlsStatus: Active
    • GrossIncome: 453000
    • SecurityFeatures: Sidewalk
    • GrossScheduledIncome: 453000
    • OperatingExpense: 153000
    • NetOperatingIncome: 430000
    • Road surface type: Paved

    Price history

    DateEventPrice
    1/2/2021Listing removed$5,130,000$128/sqft
    Source: M.H. Zoller Company #20360883
    10/9/2020Listed for sale$5,130,000$128/sqft
    Source: M.H. Zoller Company #20360883
    4/27/2019Listing removed$1,400
    Source: Secure Property Management
    4/2/2019Listed for rent$1,400
    Source: Secure Property Management

    Public tax history

    YearProperty taxesTax assessment
    2024$3,595 +3.2%$172,020 +6.1%
    2022$3,485 +2.4%$162,150 +3%
    2021$3,403 +3.6%$157,430 +3%

    Find assessor info on the county website

    Neighborhood: 97838

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Sunset
    • Middle: Sandstone
    • High: Hermiston

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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