940 NW 2nd Street, Prineville, OR 97754
$4,100,000
Property Type:
Residential Income
Square Footage:
19,296
Lot Size (sq. ft.):
43,124
Status:
Pending
Current Price:
$4,100,000
List Date:
5/15/2026
Last Modified:
7/14/2026
Overview
Description
Listing Details MLS# 220221478
General Property Information
- Property Sub Type
- Multi Family
- Building Area Total
- 19296
- Building Area Source
- Assessor
- Building Area Units
- Square Feet
- # of Units Total
- 22
- Year Built
- 1973
- Short Term Rental Permit YN
- No
- New Construction YN
- No
- Elementary School
- Check with District
- Middle Or Junior School
- Crook County Middle
- High School
- Crook County High
- Zoning
- C2; General Commercial
- Tax Annual Amount
- 13709.2
- Tax Year
- 2025
- Potential Tax Liability YN
- No
- Assessment YN
- No
- CC&R's YN
- No
- Association YN
- No
- FIRPTA YN
- No
- Sign On Property YN
- No
Property Features
Architectural Style:
Traditional
Basement:
None
Common Walls:
2+ Common Walls
Construction Materials:
Frame
Cooling:
Ductless
Flooring:
Carpet; Vinyl
Foundation Details:
Slab
Heating:
Ductless; Electric
Levels:
Two
Roof:
Metal
Security Features:
Smoke Detector(s)
Additional Features:
Laundry Facility
Utilities:
Electricity Connected
Flood:
Unknown
Lot Features:
Landscaped
Parking Features:
Asphalt; Parking Lot
Road Surface Type:
Paved
View:
Creek/Stream; Golf Course; Park/Greenbelt; Territorial
Power Production:
None
Sewer:
Public Sewer
Water Source:
Public
Documents on File:
APOD; Profit and Loss Statement; Rental Agreement; Schedule of Tenants
Listing Terms:
Cash; Conventional
Special Listing Conditions:
Standard
Location Tax and Legal
- Street Number
- 940
- Street Dir Prefix
- NW
- Street Name
- 2nd
- Street Suffix
- Street
- County
- Crook
- State
- OR
- Postal Code
- 97754
- Subdivision Name
- Johnsons
Contract Information
- Original List Price
- 4100000
- List Price per SqFt
- 212.48
- Listing Contract Date
- 2026-05-15
Remarks and Miscellaneous
- Public Remarks
- Rio Vista Apartments located in high growth Central Oregon community of Prineville. 22 units in great shape with extensive upgrades including complete exterior paint, renovated parking lot, mini splits heating and cooling, and 8 year old metal roof. 6.9% cap rate on in place income with upside potential. Incredible Prineville location with golf course and Ochoco views. See offering memorandum attached in Other documents for complete information and financials. Co listed with Northmarq.
Status Change Information
- Under Contract Date
- 2026-07-14
- Status Change Timestamp
- 2026-07-14
More Information
Parking Details
- # of Other Parking
- 55
Documents
Offering Memo ›
Listing Office:
Compass Commercial Real Estate
Last Updated: July - 14 - 2026
Information deemed reliable but not guaranteed.