124 NW 4th Ave., Ontario, OR 97914

Local realty services provided by:Better Homes and Gardens Real Estate 43° North
124 NW 4th Ave.,Ontario, OR 97914
$1,250,000
  • - Beds
  • - Baths
  • 4,660 sq. ft.
  • Multi-family
  • Active
Listed by: kellie robinson
Office: true north real estate group, llc.
MLS#:98955382
Source:ID_IMLS

Price summary

  • Price:$1,250,000
  • Price per sq. ft.:$268.24

About this home

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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Home facts

  • Year built:1946
  • Listing ID #:98955382
  • Added:149 day(s) ago
  • Updated:December 17, 2025 at 06:31 PM

Rooms and interior

  • Living area:4,660 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Unit(s)
  • Heating:Electric, Natural Gas, Wall Furnace

Structure and exterior

  • Roof:Composition
  • Year built:1946
  • Building area:4,660 sq. ft.
  • Lot area:0.42 Acres

Schools

  • High school:Ontario
  • Middle school:Ontario Jr High
  • Elementary school:Ontario

Utilities

  • Water:City Service

Finances and disclosures

  • Price:$1,250,000
  • Price per sq. ft.:$268.24
  • Tax amount:$3,116 (2024)
Property information provided by the RAFGC MLS – a service of the REALTOR® Association of Franklin & Gulf Counties.

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