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Sold on 09/04/2019
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516 NW Bailey Ave, Pendleton, OR 97801

  • $617,500

    Last sold 09/04/2019 after 35 Days

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 516 NW Bailey Ave

Property type Multi-family
Neighborhood
Year built 1962
HOA fee $0/month
Rental estimate
Property description
HOMESTEAD APARTMENTS featuring 11 large units, all units with impressive scenic views from back deck & patio facing the Umatilla River. Featuring a park-like setting with 3-3 bedrooms,7-2 bedrooms,1-1 bedroom. Appliances & W/D hookups. Excellent Location, with great walkability to downtown, parks,dining and shopping.Consider the potential for upside rents!
Listed by
Listing Agent - Marge Lapp
Listing Office - Marjorie Lapp Real Estate
Source: RMLS mls logo
MLS#19216835 • last updated 6 years ago
Movoto checked RMLS for data 5 minutes ago
Overview
Heating Baseboard
MLS # 19216835
Type Multi Family
Status Sold
Property Tax 7319.31
Year Built 1962
Exterior
Exterior Features Brick, Wood Siding
Lot Desc Gentle Sloping, Level, Private, Trees
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
Body of Water Umatilla River
View City, River
Waterfront River Front
County Umatilla
Area 435 - Umatilla Co: Pendleton
Zoning R-3
Directions Lower North Hill Location. On N.W. Bailey Between NW 5th & NW 6th
APN 108796
Multifamily Details
Unit Type 1: # Bedrooms 3
Unit Type 2: # Bedrooms 2
Unit Type 3: # Bedrooms 1
Unit Type 1: Rent 2115
Unit Type 3: Rent 515
Unit Type 2: Rent 4050
Total # of Units 11
Gross Rent Multiplier 8.68
Net Operating Income 39455
Operating Expense 38300
Gross Income 77755
Cap Rate 5.85
We are not permitted to show value estimates for this property.
  • Dec 2019
    mls logo MLS # 19216835
  • Dec 10, 2019 Sold
    $617,500 (-8.5%)
  • Sep 4, 2019 Pending
    —
  • Jul 31, 2019 Listed
    $675,000
  • 516 NW Bailey Ave
    $617K
  • 435 - Umatilla Co: Pendleton
    —
  • 97801
    $329K -9% y/y
  • Pendleton
    $332K -9% y/y
No chart available
Statistics calculated by Movoto

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5/10
Washington Elementary School
public Grades K-5
Pendleton School District 16
4/10
Sunridge Middle School
public Grades 6-8
Pendleton School District 16
5/10
Pendleton High School
public Grades 9-12
Pendleton School District 16
Source: GreatSchools.org © 2026. All rights reserved.

Around 435 - Umatilla Co: Pendleton

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  • 516 NW Bailey Ave
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