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
Tyler Smith
  • Phone:(206) 612-2475
  • Email:tsmith@northmarq.com
  • Office Name:Northmarq Multifamily LLC
  • Office Phone:(425) 454-8699
  • Office Website:
Steve Fischer
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 4,450,000.0
  • $/SF$ 212.9
  • $/Unit$ 4,450,000.0
  • Listing StatusAvailable
  • Days on Market19
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income0
  • CAP Rate 6.40 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Associated Files
Building Information
  • 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 Type
  • Property TypeMulti-Family
  • Office Type
  • Building Class
Location
  • CountyCrook
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaNot Assigned
  • Tax ID #151606BA03800
  • Additional Parcels
  • ZoningC2; GENERAL COMMERCIAL
Construction
  • Year Built1973
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction TypeFramed

Rio Vista Townhomes

Public Comments

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

Listing Images