Apartment Buildings for Sale in Penticton

Penticton Multifamily for Sale

INVESTMENT OPPORTUNITY! Fourplex - Built in 2018. Fourplex consists of (two) two bedroom with two bathrooms (880 SF) on the upper floor and (two) one-bedroom with one bathroom (680 SF) on the lower floor. In total there are 4 units that are fully tenanted. Units are individually metered and tenants pay for utilities. Laundry in every unit. Centrally located to amenities including Safeway, Starbucks, Shoppers Drug Mart and BC Liquor Stores. Designated parking stalls. . Room measurements are for half of fourplex. Measurements taken from building plans and are approximate.

Property Subtype:

Apartment

Date on Market:

2025-08-07

Penticton Multifamily for Sale

2018-built FOUR-PLEX offers two 2-bed/2-bath units and two 1-bed/1-bath units, each with in-suite laundry and separate metering. Rented for $6,183 PER MONTH / $74,196 PER YEAR. The property is centrally located near Safeway, Starbucks, Shoppers Drug Mart, and BC Liquor Stores, with designated parking. Penticton has low vacancy rates, so expect a solid CAP rate. CHMC MORTGAGE AVAILABLE if you purchase both buildings (40 - 50 year amortization). Property Type - Single Family Building Type - Fourplex Storeys - 2 Square Footage - 3002 sqft Neighbourhood Name - Main North Title - Freehold Land Size - 0.11 ac|under 1 acre Built in - 2018 Annual Property Taxes - $6,918.92 Total Parking Spaces - 3 Appliances Included - Range, Refrigerator, Dishwasher, Washer & Dryer Flooring - Laminate, Tile Cooling - Heat Pump Heating Type - (Electric), Heat Pump Utility Sewer - Municipal sewage system Water - Municipal water

Property Subtype:

Apartment

Date on Market:

2025-04-17

Penticton Multifamily for Sale

2018-built FOUR-PLEX offers two 2-bed/2-bath units and two 1-bed/1-bath units, each with in-suite laundry and separate metering. Rented for $6,227 PER MONTH / $74,724 PER YEAR. The property is centrally located near Safeway, Starbucks, Shoppers Drug Mart, and BC Liquor Stores, with designated parking. Penticton has low vacancy rates, so expect a solid CAP rate. CHMC MORTGAGE AVAILABLE if you purchase both buildings (40 - 50 year amortization). Property Type - Single Family Building Type - Fourplex Storeys - 2 Square Footage - 3002 sqft Neighbourhood Name - Main North Title - Freehold Land Size - 0.1 ac|under 1 acre Built in - 2018 Annual Property Taxes - $6,918.92 Total Parking Spaces - 3 Appliances Included - Range, Refrigerator, Dishwasher, Oven - Electric, Microwave, Washer & Dryer Flooring - Laminate, Tile Cooling - Heat Pump Heating Type - (Electric), Heat Pump Utility Type - Cable (Not Available), Electricity (Available), Telephone (Available), Sewer (Available), Water (Available)

Property Subtype:

Apartment

Date on Market:

2025-04-17

Penticton Portfolio of properties for Sale

The McEvay Blair Multifamily Group of Marcus & Millichap presents an opportunity to acquire Spanish Villa and Crestview Manor, two 42-suite apartment buildings in close proximity to each other near downtown Penticton. Both properties have been family operated for nearly 20 years and are professionally managed by the family’s in-house management team. Spanish Villa and Crestview Manor each have their own distinct character, yet both provide investors with strong in place cash flow and a clear path to revenue growth through targeted renovation programs. With over $1.3 million in capital improvements invested since 2018, key infrastructure has been enhanced—allowing investors to focus on unit upgrades upon tenant turnover. The properties are held in bare trusts, and while a portfolio sale is preferred, individual offers will be considered.

Property Subtype:

Multi Family

Date on Market:

2025-03-07

Penticton Multifamily for Sale

Property Subtype:

Apartment

Date on Market:

2024-11-26