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1543 Exchange St - Taylor Place Apartments 30 Unit Apartment Building Offered at $4,911,264 CAD at a 6.83% Cap Rate Astoria, OR 97103
Executive Summary
Anchor Employment Base: Columbia Memorial Hospital (750+ employees, $200M+ expansion), U.S. Coast Guard Air Station, Port of Astoria, and Clatsop Community College provide stable, year-round renter demand.
Limited Supply Constraints: Constrained coastal geography, historic district regulations, and limited buildable land restrict new multifamily pipelines — protecting existing asset values.
Tourism & Highway Connectivity: US-101 northern terminus (18–22K AADT) and US-30 Portland link drive hospitality employment and seasonal worker housing demand, supporting consistent occupancy.
44.3% Renter Household Rate: 36% above national average
~4% Rental Vacancy Rate: Well below 7%+ national avg
~9,900 City Population: County seat of Clatsop County
$125.6M Annual Visitor Spending: Astoria & Warrenton combined
Limited Supply Constraints: Constrained coastal geography, historic district regulations, and limited buildable land restrict new multifamily pipelines — protecting existing asset values.
Tourism & Highway Connectivity: US-101 northern terminus (18–22K AADT) and US-30 Portland link drive hospitality employment and seasonal worker housing demand, supporting consistent occupancy.
44.3% Renter Household Rate: 36% above national average
~4% Rental Vacancy Rate: Well below 7%+ national avg
~9,900 City Population: County seat of Clatsop County
$125.6M Annual Visitor Spending: Astoria & Warrenton combined
Property Facts
| Price | $4,911,264 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $163,709 CAD | Building Size | 11,706 SF |
| Sale Type | Investment | Average Occupancy | 95% |
| Cap Rate | 6.83% | No. Stories | 3 |
| No. Units | 30 | Year Built | 1923 |
| Property Type | Multifamily |
| Price | $4,911,264 CAD |
| Price Per Unit | $163,709 CAD |
| Sale Type | Investment |
| Cap Rate | 6.83% |
| No. Units | 30 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Building Size | 11,706 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1923 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 18 | - | 185 - 354 |
| 1+1 | 12 | - | 375 - 530 |
1 1
Very walkable
80/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
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1543 Exchange St - Taylor Place Apartments
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