THE OSBURN O’BRIEN BUILDING | 351 14th St
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THE OSBURN O’BRIEN BUILDING 351 14th St
16 Unit Block of Flats £2,506,560 (£156,660/Unit) 5.91% Net Initial Yield Astoria, OR 97103
Executive Summary
Norris & Stevens, Inc. is pleased to present for sale the historic Osburn O’Brien Building. The Osburn O’Brien Building enjoys high visibility and foot-traffic, is surrounded by shopping and dining options, and is less than three blocks from the water.
Residents can enjoy the comfort of remodeled units with high-quality modern finishes, along with the many unique historic aspects that this building has maintained. This historic building housed the J.C. Penney Company until the Astoria fire of 1922 and was rebuilt in 1923.
The Osburn O’Brien Building presents a rare opportunity to invest in a historic property with prime location, versatile use potential, and strong growth prospects. With its blend of character, convenience, and community appeal, this property is poised to deliver attractive returns for
investors for years to come.
Residents can enjoy the comfort of remodeled units with high-quality modern finishes, along with the many unique historic aspects that this building has maintained. This historic building housed the J.C. Penney Company until the Astoria fire of 1922 and was rebuilt in 1923.
The Osburn O’Brien Building presents a rare opportunity to invest in a historic property with prime location, versatile use potential, and strong growth prospects. With its blend of character, convenience, and community appeal, this property is poised to deliver attractive returns for
investors for years to come.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 250 - 350 |
| 1+1 | 7 | - | 650 - 800 |
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Walk Score ®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 80908CA0670001 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £340,531 |
PROPERTY TAXES
Parcel Number
80908CA0670001
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£340,531
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THE OSBURN O’BRIEN BUILDING | 351 14th St
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