105 ARCADE ST, Lexington, OR 97839

$475,000
2,779
SqFt

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List Price
$475,000
Price Change
▼ $15,000 1778008892
Days on Market
174
MLS#
537126548
Property Type
Multifamily
Sqft. of Residence
2,779
Lot Size
15, 000 to 19, 999 SqFt
Region
Morrow Co: Lexington
Status
ACTIVE

Property Description

Exceptional turnkey investment opportunity in Lexington, OR. This fully rented tri-plex underwent a comprehensive down-to-the-studs remodel in 2023, delivering true peace of mind for investors. Renovations included all-new electrical, plumbing, and insulation, in addition to updated interiors throughout. Each of the three units offers a functional 2-bedroom, 1-bath layout and includes all appliances plus in-unit washer and dryer. Major capital improvements also include a new HVAC system, water heater, and septic system, significantly minimizing future maintenance costs. Each unit is individually metered for electric and water, allowing for efficient expense management and increased net operating income. Well-maintained and income-producing from day one, this property presents a rare opportunity for stable cash flow with modern systems and long-term durability.

Additional Information

Tax Amount
$1,318
Year Built
2014
High School
Heppner
Elementary School
Heppner
Middle School
Heppner
Acres
0.36
Living Area
2,779
Stories
2
Terms
Cash, Conventional
Cooling Description
Central Air
Fuel Description
Electricity
Heating Description
Forced Air
Hoa Rent Includes
None
Hot Water Description
Electricity
Exterior Description
Other, Wood Composite
Roof Type
Composition
Sewer Description
Public Sewer
Parking
Off Street
Parking Description
Off Street
Road Surface
Paved
Number Of Units Total
6
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1250
Unit Type One Sq Ft
926
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
2
Unit Type Two Units Total
2
Unit Type Three Baths Total
1
Unit Type Three Beds Total
2
Unit Type Three Rent
1055
Unit Type Three Sq Ft
926
Unit Type Three Units Total
3

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Calculator source: Real Geeks

Listing courtesy of Destined Realty Group.

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