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Vance Terrace Apartments

309 W C Street, Rainier, Oregon 97048

$1,695,000

Status:
Available
County:
Columbia
Units:
22
Year Built:
1967
Unit Price:
$77,045
Land Size:
0.38 Acres
Building Size:
17,792 sq. ft.
Price per SF:
$95
CAP Rate:
8.86%
Laundry Room:
Yes
Siding:
Wood
Heat Type:
Electric
Property Photo

Vance Terrace Apartments is a 22-unit apartment community in Rainier, Oregon, less than one block from Highway 30. This main arterial connects Rainier to multiple employment centers, including Longview and Kelso, Washington. 

Vance Terrace Apartments presents a unique opportunity for investors to renovate and modernize a property that recently suffered fire damage. The six affected units have been taken down to the studs. They are prepared for a strategic renovation plan to increase rentability, income potential, and enhance the overall appeal of the property. 
Previous ownership completed a roof replacement in 2023. 

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22
Units
1967
Year Built
17,792
SQ. FT.

Property Location