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Listing provided courtesy of Compass Commercial Real Estate- MLS# 220221478MLS Provider

940 NW 2nd StreetPrineville, OR 97754

Multi-Family · 19,296 Sq. ft. | 0.99 Acres
$4,100,000 Active

940 NW 2nd Street Overview

Time on Site:
45 days
Visits:
7

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.

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940 NW 2nd Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 19,296
  • Price/Sq.ft. $212
  • Lot 0.99 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • Elementary School: Check with District
  • Middle Or Junior School: Crook County Middle
  • High School: Crook County High

Building Information

  • New Construction: false
  • Year Built: 1973

Location/Region

  • County Or Parish: Crook
  • Subdivision Name: Johnsons

Tax Information

  • Tax Annual Amount: 13709.2
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 8885
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Special Listing Conditions: Standard

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 19296.0

General Information

  • Basement: None
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet,Vinyl
  • Foundation Details: Slab
  • Levels: Two
  • Security Features: Smoke Detector(s)

Exterior

Parking Information

  • Parking Features: Asphalt,Parking Lot

Lot Information

  • Additional Parcels: false
  • Lot Features: Landscaped
  • Lot Size Acres: 0.99
  • Lot Size Area: 0.99
  • Lot Size Square Feet: 43124.4
  • Lot Size Units: Acres
  • Road Surface Type: Paved
  • Water Source: Public

Waterfront/View

  • View: Creek/Stream,Golf Course,Park/Greenbelt,Territorial

Building Exterior/Construction

  • Architectural Style: Traditional
  • Attached Garage: false
  • Construction Materials: Frame
  • Roof: Metal

General Information

  • Number Of Units Total: 22
  • Sewer: Public Sewer

940 NW 2nd Street Neighborhood

Community

97754 (Prineville) Demographics

45
Median Age
17
Population Density (per sq. mile)
27%
College Educated
$56,035
Estimated Median Income
6,483
Estimated Total Home Owners
2,430
Estimated Total Renters
73% / 27%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

940 NW 2nd Street Monthly Cost

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

940 NW 2nd Street Market Data

Based on the last 30 days in this zip code

$740,078
Average List Price
$372
Average Price per Square Foot
43
Properties Sold
129
Average Days on Market
328
Properties for Sale
Calculations provided by Reliance Network

940 NW 2nd Street History

Date Event Value Agent
5/15/2026Source: Oregon Datashare Added to Database
May 15, 2026