703 18th Str

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703 18th Str

La Grande, OR 97850
Asking Price
$800K
Asset Type
Multifamily
Class
Class B

What's Special

703 18th Street is located in a quiet residential neighborhood in La Grande, Oregon, situated just blocks from the Eastern Oregon University campus. The property benefits from its proximity to downtown amenities, including local dining, retail shops, and grocery services along Adams Avenue. The neighborhood features a mix of single-family homes and small multi-unit complexes with mature landscaping and sidewalk access. Regional transportation is facilitated by easy access to Interstate 84 and U.S. Route 30, providing connectivity to the wider Grande Ronde Valley. This multifamily asset is positioned for consistent residential use, catering primarily to the local workforce and the university community. The location is well-suited for student housing given its walkable distance to campus, as well as for faculty or healthcare professionals working at the nearby Grande Ronde Hospital. The property serves a tenant profile seeking a central location that balances residential privacy with immediate access to educational and employment hubs. The building’s configuration supports long-term rental stability within the local housing market.

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NOI
$80,000
Cap Rate
10.00%
DSCR
1.68
Strong
Cash-on-Cash
13.54%
Monthly Payment
$3,957.964
Annual Cash Flow
$32,504.438

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