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Willamette Pointe Apartments 1570 James St 24 Unit Apartment Building $6,756,535 CAD ($281,522 CAD/Unit) 6.43% Cap Rate Woodburn, OR 97071

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Investment Highlights

Extensively Renovated in 2018 | All major systems, siding, windows, roof, interiors
Strong Submarket Fundamentals | North Marion County workforce vacancy sits at just 3.2%

I-5 Corridor Location | Dual-Metro Access Midway between Portland and Salem on Oregon's primary commerce corridor

Executive Summary

Willamette Pointe Apartments presents a rare opportunity to acquire a fully stabilized, 24-unit apartment community in the heart of Oregon's I-5 Corridor - Located in Woodburn, Oregon midway between Portland (30 miles) and Salem (20 miles). Comprised of six two-story buildings on 1.27 acres, the property was built in 1970 and extensively renovated in 2018 — including updated interiors, roofing, and exterior improvements — offering the operational profile of a modern asset at a compelling basis well below replacement cost. All 24 units are identically configured as two-bedroom, one-and-a-half-bath floor plans of 931 SF, providing management simplicity and broad tenant appeal. The property benefits from a dual-metro employment base and an established renter population. In-place rents average $1,737 per unit.

Willamette Pointe Apartments OM -compressed

Financial Summary (Actual - 2025)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$617,895	$28.61
Other Income	$50,072	$2.32
Vacancy Loss	$30,894	$1.43
Effective Gross Income	$637,073	$29.49
Taxes	$39,184	$1.81
Operating Expenses	$163,418	$7.57
Total Expenses	$202,602	$9.38
Net Operating Income	$434,471	$20.11

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual	$617,895
Annual Per SF	$28.61

Other Income (CAD)
Annual	$50,072
Annual Per SF	$2.32

Vacancy Loss (CAD)
Annual	$30,894
Annual Per SF	$1.43

Effective Gross Income (CAD)
Annual	$637,073
Annual Per SF	$29.49

Taxes (CAD)
Annual	$39,184
Annual Per SF	$1.81

Operating Expenses (CAD)
Annual	$163,418
Annual Per SF	$7.57

Total Expenses (CAD)
Annual	$202,602
Annual Per SF	$9.38

Net Operating Income (CAD)
Annual	$434,471
Annual Per SF	$20.11

Property Facts

Price	$6,756,535 CAD	Building Class	C
Price Per Unit	$281,522 CAD	Lot Size	1.27 AC
Sale Type	Investment	Building Size	21,600 SF
Cap Rate	6.43%	Average Occupancy	96%
No. Units	24	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1970/2018
Property Subtype	Apartment	Parking Ratio	2.22/1,000 SF
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RM

Price	$6,756,535 CAD
Price Per Unit	$281,522 CAD
Sale Type	Investment
Cap Rate	6.43%
No. Units	24
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	1.27 AC
Building Size	21,600 SF
Average Occupancy	96%
No. Stories	2
Year Built/Renovated	1970/2018
Parking Ratio	2.22/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RM