940 NW 2nd St
Prineville OR 97754
Rio Vista Townhouses
940 NW 2nd St Prineville OR 97754
Listing #: 711487 | Status: Available | Last Modified: 4/14/2026 |
For Sale
- Phone:(206) 612-2475
- Email:tsmith@northmarq.com
- Office Name:Northmarq Multifamily LLC
- Office Phone:(425) 454-8699
- Office Website:
- Agent Phone:(425) 830-2254
- Agent Email:sfischer@northmarq.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 4,450,000.0
- $/SF$ 212.9
- $/Unit$ 4,450,000.0
- Listing StatusAvailable
- Days on Market19
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 6.40 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Building StatusExisting
- # of Buildings2
- # of Floors2
- # of Units22
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF20900
- Net Rentable Area20900
- Total Office SF
- Largest Contiguous SF
- Lot SF42945
- Acres0.99
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyCrook
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaNot Assigned
- Tax ID #151606BA03800
- Additional Parcels
- ZoningC2; GENERAL COMMERCIAL
- Year Built1973
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeFramed
Rio Vista Townhomes
We are pleased to present Rio Vista, a 22-unit multifamily community located in Prineville. The property consists of low-rise, townhome-style units totaling approximately 20,900 NRSF, with an average unit size of roughly 950 square feet. Originally constructed in 1973, the asset has undergone extensive upgrades, including renovations to 20 of 22 units, new metal roofing installed in 2018, and recent exterior improvements such as fresh paint and a seal-coated, restriped parking lot completed in 2020. These improvements provide residents with modernized interiors and functional, spacious layouts while minimizing near-term capital expenditure requirements. The property is offered at $4,450,000 ($202,000 per unit) and represents a turnkey, stabilized investment with meaningful upside. Curren




