Overview
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About this home
475 Umatilla Blvd is a 1930-built home in North Umatilla, Umatilla. Listed at $1,850,000 (about $184/sqft), 121 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
Exceptional investment! This fully renovated multifamily property has undergone extensive upgrades, including updated electrical systems, newer HVAC units, and upgraded water heaters. Featuring a total of 16 units, the property consists of 4 two-bedroom/one-bath units, 11 one-bedroom/one-bath units, and 1 studio unit. Every unit has been remodeled on the interior and includes the convenience of in-unit laundry. The property offers ample on-site parking. providing immediate and stable cash flow. Zoned and suitable for both short-term and long-term rental strategies, allowing future ownership flexibility. A truly turnkey asset with significant capital improvements already completed and minimal deferred maintenance.
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The essentials
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$1,850,000
$184 per sq ft
Size
10,080 sq ft
Time on market
121 days
Year built
1930
Monthly payment
About $12,343/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $21,242 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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