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105 Arcade St, Lexington, OR 97839

$475,000

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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.

105 Arcade St | MLS# 537126548

This multi-family property located at 105 Arcade St, Lexington, OR 97839 is currently listed for sale with an asking price of $475,000. Search Lexington real estate on www.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Fuel Type: Electricity
Heating: Forced Air
Roof Type: Composition
Stories: 2.0
Taxes: $1,319
Year Built: 2014
Square Feet: 2,779

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 2
Features: Microwave, Range, Refrigerator, WasherDryer
Rent: $1250.00
Square Footage: 926
Total Units: 1
Unit Type 2:
Bathroom(s): 1
Bedrooms: 2
Features: Microwave, Range, Refrigerator, WasherDryer
Rent: $1185.00
Square Footage: 927
Total Units: 2
Unit Type 3:
Bathroom(s): 1
Bedrooms: 2
Features: Microwave, Range, Refrigerator, WasherDryer
Rent: $1055.00
Square Footage: 926
Total Units: 3

Feature Descriptions

Days on Site: 166
Exterior: Other, Wood Composite
Gross Income: $41880.00 (Actual)
Hot Water: Electricity
Lot: Corner Lot, Public Road
Net Income: $28318.00 (Actual)
Operating Expenses: $13562.00 (Actual)
Parking: OffStreet
Parking Notes: OffStreet
Sewer: Public Sewer
Units: 6
Water: Public Water

Local Schools

High School: Heppner
Middle School: Heppner
Elementary School: Heppner

Listed By / Shown By

Listed By

Agency Name: Destined Realty Group
Agency Phone: 541-980-1148

Shown By

Agency Title: Bend Premier Real Estate
Agency Phone: 541-323-2779

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Estimate Your Payment

Estimated Payment

$ 2,650.32 per month $2,401.86 Principal & Interest $109.92 Property Tax $138.54 Homeowner's Insurance

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