#98920397, Britney Mills, Listing Office: Urban Real Estate Brokers, LLC
305 NW 8th Ave Ontario, OR 97914
Property details
About 305 NW 8th Ave
7% cap rate on current rents and rents are still being raised to market. Almost the entire property was renovated in 2022 through 2023. Unit mix consists of 18 units with one bath per unit: 2 Studio units; 4 one bed units; 12 two bed units. New landscaping was added in 2022 with automatic irrigation and sprinklers. A new roof membrane was installed by Lassiter roofing in 2022. The exterior was painted in 2022. 90% of the windows were replaced in 2022. Laundry room was updated and includes two washers and two dryers. A fence was added on the west and North side of the property in 2022. Lots of room to keep raising rents over the next couple of years as Ontario is very tight in the housing market and there are very few rentals available in the area. The property is managed by Century 21. Listing broker is related to the seller.
Highlights
Summary
- MLS Number: 98921892
- MLS Name: IMLS 2
- Office Name: Keller Williams Four Rivers, LLC
- Office Phone: (541) 249-3731
- Listing Agent: Jared Stasch
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Last updated on: 3/12/2025, 11:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,150,000
305 NW 8th Ave
$10,000
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Price information
Property sales
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Tax history
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Nearby schools
5
May Roberts Elementary School
Public District KG-6
0.4 mi
•590 NW 8th St
5
Aiken Elementary School
Public District KG-6
1.1 mi
•1297 W Idaho Ave
4
Alameda Elementary School
Public District KG-6
1.5 mi
•1252 Alameda Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $23,063. Most Ontario, OR residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
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Frequently asked questions
About 305 NW 8th Ave
This home is located at 305 NW 8th Ave in Ontario, OR and zip code 97914 in the Riverside Addition neighborhood. This 13,420 square foot home was built in 1970. Features: 0 bathroom. It has been listed on Rocket Homes since August 26, 2024 and is currently priced at $2,150,000.
The number of listings in Ontario, OR increased by 11.4% between January and February 2025. Listings spent 170 days on the market in February 2025, and had a median list price of $315,000 during the same period.