Listing provided courtesy of Constant Commercial Real Estate Inc- MLS# 229235186
Contact Information: 503-222-0282
Contact Information: 503-222-0282Images
Request Info1570 JAMES STWoodburn, OR 97071
Multi-Family · 1.27 Acres$4,850,000
Active
1570 JAMES ST Overview
- Time on Site:
- 24 days
- Visits:
- 2
Willamette Pointe Apartments presents a rare opportunity to acquire a fully stabilized, 24-unit apartment community in the heart of Oregon's I-5 Corridor. Comprised of six two-story buildings on 1.27 acres, the property was built in 1970 and extensively renovated in 2018 ' including updated interiors, roofing, and exterior improvements ' offering the operational profile of a modern asset at a compelling basis well below replacement cost. All 24 units are identically configured as two-bedroom, one-and-a-half-bath floor plans of 931 SF, providing management simplicity and broad tenant appeal. Located in Woodburn, Oregon ' midway between Portland (30 miles) and Salem (20 miles) ' the property benefits from a dual-metro employment base and an established renter population. In-place rents average $1,737 per unit.
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1570 JAMES ST Facts & Features
- Type Multi-Family
- Lot 1.27 Acres
Details
General
School Information
- Elementary School: Washington
- Middle Or Junior School: French Prairie
- High School: Woodburn
Income/Expenses
- Gross Income: 479448.0
- Net Operating Income: 311851.0
- Operating Expense: 145422.0
Building Information
- Year Built: 1970
Location/Region
- Country: US
- County Or Parish: Marion
- MLS Area Major: 170 - Marion Co: Except Salem and Keizer
Rent/Lease Information
- Rent Includes: Maintenance Grounds,Trash Collection
Tax Information
- Tax Annual Amount: 28124.95
- Tax Year: 2025
General Information
- Disclosures: Exempt
- Listing Terms: Call Listing Agent,Cash,Conventional
- Parcel Number: 107267
- Property Condition: Updated/Remodeled
- Property Type: Multi Family
- Zoning: RM
Interior
General Information
- Cooling: Window Unit(s)
- Heating: Wall Heater
- Stories: 2
Exterior
Lot Information
- Lot Features: Level
- Lot Size Acres: 1.27
- Lot Size Square Feet: 55321.0
- Water Source: Public Water
General Information
- Number Of Units Total: 24
- Sewer: Public Sewer
1570 JAMES ST Neighborhood
Community
97071 (Woodburn) Demographics
37
Median Age
589
Population Density (per sq. mile)
24%
College Educated
$55,279
Estimated Median Income
6,473
Estimated Total Home Owners
3,528
Estimated Total Renters
65% / 35%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1570 JAMES ST Monthly Cost
1570 JAMES ST Market Data
Based on the last 30 days in this zip code
$483,825
Average List Price
$276
Average Price per Square Foot
45
Properties Sold
91
Average Days on Market
267
Properties for Sale
1570 JAMES ST History
| Date | Value | Agent |
|---|---|---|
| 6/5/2026Source: Regional MLS | June 05, 2026 |
|
| 11/30/2023Source: Willamette Valley MLS - Sold Data | November 30, 2023 |
|
| 10/2/2023Source: Regional MLS | Sold |