$2,150,000

305 NW 8th Ave Ontario, OR 97914

$10,000
Closing credit¹
13,420 sqft
$160 / sqft
Condo

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

Home typeCondominium
HeatingBaseboard
StatusActive
CoolingWall/Window Unit(s)
Size13,420 sqft
Year built1970
MLS #98921892

Summary

  • MLS Number: 98921892
  • MLS Name: IMLS 2
  • Office Name: Keller Williams Four Rivers, LLC
  • Office Phone: (541) 249-3731
  • Listing Agent: Jared Stasch

IDXListings with this icon are © 2025 of InterMountain MLS. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Information provided by IMLS is deemed reliable but not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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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view of yard with fence

$2,150,000

305 NW 8th Ave

$10,000

closing credit¹

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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.

All data from GreatSchools

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.

How much money do the neighbors make?

62%
<35k
24%
35k-100k
14%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

48%
Single, No Kids
25%
Single, with Kids
12%
Married, No Kids
15%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

23%
<11 yrs old
9%
12-17 yrs old
28%
18-34 yrs old
30%
35-64 yrs old
10%
65+ yrs old

What do the neighbors do for fun?

  • Pro WrestlingPro Wrestling
  • Figure SkatingFigure Skating
  • Extreme SportsExtreme Sports

Where do the neighbors shop?

  • Wal-MartWal-Mart
  • KmartKmart
  • Family DollarFamily Dollar

Where do the neighbors go to eat?

  • SonicSonic
  • Bob EvansBob Evans
  • Dominos PizzaDominos Pizza

What do the neighbors drive?

  • OldsmobileOldsmobile
  • BuickBuick
  • FordFord

What do the neighbors listen to?

  • Contemporary InspirationalContemporary Inspirational
  • OldiesOldies
  • New CountryNew Country
All data provided by Home Junction and Claritas

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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.

From Rocket Homes Real Estate and based on county public records data.

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