816-896 W E St - Vernonia Duplexes 6 Unit Apartment Building Offered at $2,670,759 CAD at a 5.58% Cap Rate Vernonia, OR 97064

Built in 2024, the Vernonia Duplexes offers a rare portfolio of three fully-occupied duplexes featuring large three-bedroom, two-bathroom units, located near downtown Vernonia - where investment opportunities rarely hit the market.
Each unit features open floor plans with modern comfort, such as hard surface countertops, flush mount sinks, stainless steel appliances, air conditioning, garages, decks, and dual heat sources. The property is comprised of three tax lots presenting a buyer the opportunity to obtain residential financing for each duplex, providing a future exit opportunity to sell the duplexes individually.
The properties back to additional duplex lots, one currently under development and two additional vacant duplex parcels, which may also be available, offering potential expansion opportunities; please contact the broker for further details.
Located near the heart of Vernonia, just two minutes from downtown, the portfolio offers convenient access to parks, trails, local retailers, and dining while maintaining a peaceful neighborhood setting.
Downtown Vernonia provides grocery options, specialty shops, cafés, and locally owned restaurants that support everyday needs and casual dining. Nearby outdoor recreation includes Vernonia Lake, the Banks– Vernonia State Trail (over 20 miles of multi-use trail), and numerous parks and forest lands offering year-round activities such as fishing, hiking, cycling, and equestrian use. Vernonia is characterized by its rural feel, natural beauty, and outdoor lifestyle, set among Douglas Fir forests, rolling hills, and waterways. Vernonia sits approximately 45 miles northwest of Portland, with direct access via Highway 47 and connecting highways, making it accessible for commuters, regional travelers, and visitors alike.