NOT LISTED FOR SALE

401 NW Bailey Ave Pendleton, OR 97801

12 Beds
7 Baths
7,280 Sq Ft
1900 Built

Sale Details

Date Sold: November 27, 2019

Last sale price $775,000 $106 Per Sq Ft

13 Days on Market

Highlights

  • City View
  • Laundry Facilities
  • Controlled Entrance
  • Zoned Heating

About This Home

As of November 2019

12 unit Multi-Family Property set in Premier North Hill Location, Close to Downtown and Parks. 11 units are rehabbed with modern finishes including new kitchens, bathrooms, flooring, trim package, appliances, fixtures and hardware. New roof, new windows, and all new paint inside and out. Income/Expense Statement shows 9.13% Cap Rate. Solid Rents in Low Vacancy Market. Possible Assumable Loan with 30% down. Call Today!

Last Agent to Sell the Property

Matt Vogler

Realty First License #200606361 Listed on: 10/26/2019

Last Buyer's Agent

Matt Vogler

Realty First License #200606361 Listed on: 10/26/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,186

Year Built

  • Built in 1900

Property Views

  • City
  • Territorial

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 7,280 Sq Ft Home
  • 4-Story Property
  • Basement Fills Entire Space Under The House

Parking

  • Open Parking
  • Off-Site Parking
  • Controlled Entrance

Schools

  • Pendleton High School

Utilities

  • No Cooling
  • Zoned Heating
  • Heating System Uses Gas

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number 107789

Community Details

Building Details

  • Operating Expense $35,088
  • Gross Income $107,640
  • Net Operating Income $72,552

Additional Features

  • 12 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,186

Year Built

Built in 1900

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 4
  • Year Built: 1900
  • Property Condition: Restored
  • Property Attached Yn: No
  • Current Price For Status: 775000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: Brick
  • Lot Size: 7,000 to 9,999 SqFt
  • View: Yes
  • Disclosures: Exempt
  • Roof: Composition
  • View: City,Territorial

Garage/Parking

  • Parking Description: OffSite, Open
  • Attached Garage: No

Utilities

  • Fuel Description: Gas
  • Security: Entry
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: Other
  • High School: Pendleton

Lot Info

  • Zoning: R3
  • Parcel #: 107789

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 2185.76

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 12
  • Gross Rent Multiplier: 7.39
  • Annual Gross Income: 107640.0
  • Property Net Operating Income: 72552.0
  • Annual Operating Expense: 35088.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/27/2019 11/27/19 Sold $775,000 -2.5% $106 / Sq Ft
11/07/2019 11/07/19 Pending -- -- --
10/25/2019 10/25/19 For Sale $795,000 +557.0% $109 / Sq Ft
01/03/2018 01/03/18 Sold $121,000 0.0% -- View Prior Sale
11/14/2017 11/14/17 Pending -- -- --
10/19/2017 10/19/17 For Sale $121,000 +61.3% --
04/20/2015 04/20/15 Sold $75,000 -61.5% -- View Prior Sale
04/20/2015 04/20/15 Pending -- -- --
03/24/2015 03/24/15 For Sale $195,000 -- --
Source: Regional Multiple Listing Service (RMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,576 $139,900 $42,180 $97,720
2023 $2,456 $131,880 $39,760 $92,120
2022 $2,316 $128,040 $0 $0
2021 $2,329 $124,320 $37,480 $86,840
2020 $2,250 $120,700 $36,390 $84,310
2018 $2,186 $113,780 $34,300 $79,480
2017 $2,134 $110,470 $33,300 $77,170
2016 $2,016 $107,260 $32,330 $74,930
2015 $2,017 $98,170 $29,590 $68,580
2014 $1,931 $98,170 $29,590 $68,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 19193075

Regional Multiple Listing Service (RMLS)
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