1204 8TH ST La Grande, OR 97850

Welcome to 1204 8th Street, a unique apartment complex in beautiful La Grande, Oregon. A rare public offering of a six-unit apartment building, the 8th Street Apartments presents an extraordinary opportunity to step into an established complex with strong in-place income and proven upside.The property itself consists of six units, spread through one building. While retaining much of its original character, the property has been extensively remodeled with over $200,000 worth of recent improvements. Five units have been renovated, two of which are currently vacant and recently completed, with the remaining unit ripe for a cosmetic renovation and rents to be reset to market rates. Sited on a flat, centrally located, 0.11-acre lot, 8th Street Apartments enjoys an exceptional location in La Grande. The complex is strategically located adjacent to Eastern Oregon University and within walking distance of La Grande Middle & High School. The property is just blocks from downtown La Grande and multiple parks, as well as a short drive to grocery, retail, employment, and easy access to Highways 84 & 30.Anchored by Eastern Oregon University, La Grande and the Grande Ronde Valley as a whole is a dynamic market, known for its arts scene, recreational opportunities, and natural beauty of the high desert. 8th Street Apartments is an attractive opportunity to unlock significant value from both an established, profitable building and a beautiful, growing city.