V1K Apartment Buildings for Sale

V1K Apartment Building for Sale

More details for 1801 Chapman St, Merritt, BC - Multifamily for Sale

1801 Chapman Street - 1801 Chapman St

Merritt, BC V1K 1R6

Multifamily for Sale
$1,599,000 CAD
7,950 SF

Merritt Multifamily for Sale

Price Reduced! Now offered at $1,599,000. 1801 Chapman Street (2 titles) presents a premier acquisition opportunity for an occupied, 18-unit multifamily asset in the expanding Southern Interior hub of Merritt, BC, generating approximately $200,000 in gross annual rental revenue with a 5.7% cap rate. Repositioned from a hospitality property under versatile C-6 zoning, this stabilized asset offers immediate, defensive cash flow paired with a distinct value-add profile. Strategically located steps from Merritt's downtown commercial core, the property benefits from high-walkability transit access, surface parking, common coin-operated laundry, and select renovated suites. New ownership is positioned to capture substantial rental upside and optimize Net Operating Income (NOI) through suite modernization and proactive asset management, all while capitalizing on the region's historically low vacancy rates, strong macroeconomic fundamentals, and long-term redevelopment potential. Updates include; roof in 2020 & 2021 fasteners replaced, seams caulked and resealed, vent flashing and trim replaced, new paint and guards, 100% sheet metal (no torch on present), 2020 new boiler & 2022 domestic hot water boiler added, 2020 to 2022 water lines were replaced with PEX, sewer line was replaced with ABS. Parking lot re-surfaced in 2021. Professionally appraised in 2026 for $1,800,000. Call the listing agent today for more information. NDA to be signed to review current rent roll and financials. Can be sold as either a share sale or asset sale.

Contact:

Century 21 Assurance Realty

Property Subtype:

Apartment

Date on Market:

2026-08-18

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4010 Walters St

Merritt, BC V1K 0C1

Multifamily for Sale
Price Upon Request
68,832 SF

Air Conditioning
Controlled Access
Kitchen
Smoke Detector

Merritt Multifamily for Sale

Presenting a rare opportunity to acquire a modern, purpose-built rental apartment asset in the highly desirable Merritt Bench area, this 75-unit building was constructed in 2023 and offers a well-balanced suite mix of studio, one bedroom, two-bedroom, and three-bedroom homes. Situated on a substantial 2.06-acre site, the property comprises approximately 52,103 SF of net rentable area and is positioned under R8 High Density Residential zoning, with a 4-storey building form and potential share purchase structure. The building has been thoughtfully designed for operational efficiency, tenant comfort, and long-term asset durability. Features include fully sprinklered construction, elevator service, gym, table tennis room, media room, individually metered suite hydro, app-controlled fob and biometric access, in-suite laundry, private balconies and patios, and high-end interior finishes throughout. Its strategic location provides strong connectivity to shopping, restaurants, schools, recreation, downtown Merritt, and major highway routes, supporting both tenant retention and long-term rental demand. This is a compelling multifamily investment opportunity offering modern construction, scale, strong fundamentals, and a prime position within one of Merritt’s most established residential neighbourhoods.

Contact:

Royal LePage Westside Klein Group

Property Subtype:

Apartment

Date on Market:

2026-06-29

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Apartment Buildings for Sale in V1K

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How many apartment buildings are available for sale in V1K?

There are currently 2 apartment buildings available for sale in V1K, offering a unique opportunity for businesses to establish a presence.

How big are the apartment buildings available for sale in V1K?

The average size of apartment buildings available for sale in Merritt is about 38,391 SF. The largest apartment buildings available to buy is 68,832 SF and the smallest is 7,950 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.

What's the cap rate for apartment buildings in V1K?

The average market cap rate for apartment buildings for sale is about 6.07% based on data provided in V1K. Learn more about how cap rates are calculated.

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