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Listed by Destined Realty Group
$ 490,000
Est. payment /mo
Active
105 ARCADE ST Lexington, OR 97839
2,779 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,779 sqft
Price per Sqft $176
MLS Listing ID 537126548
Year Built 2014
Annual Tax Amount $1,318
Tax Year 2025
Lot Size 0.360 Acres
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.
Location
State OR
County Morrow
Area _423
Zoning R
Interior
Heating Forced Air
Cooling Central Air
Exterior
Roof Type Composition
Garage No
Building
Lot Description Corner Lot, Public Road
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Heppner
Middle Schools Heppner
High Schools Heppner
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
