Share This Listing

Message

948 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Executive Summary

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.

Property Facts

Price $669,797 CAD
Price Per Unit $223,266 CAD
Sale Type Investment
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Building Size 2,780 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1910/2022

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 3 - 926 - 927
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
R03329
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$171,440 CAD
  • Listing ID: 41411495

  • Date on Market: 2026-07-23

  • Last Updated:

  • Address: 105 Arcade, Lexington, OR 97839

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}