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$4,100,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 5 days ago
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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.

Full Property Details for 940 NW 2nd St

General

  • Price: $4,100,000
  • Taxes: $13,709 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: ODS
  • MLS ID: 220221478
  • Updated: 5/15/2026
  • Added to Site: 5 day(s) ago

Interior

  • Flooring: Carpet, Vinyl

Additional Information

  • Security/Safety: Smoke Detector(s)

Parking

  • Parking Features: Asphalt, Parking Lot
  • Parking: Primary Suite

Location

  • Area: 19296
  • County: Crook
  • Subdivision: Johnsons

School Information

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

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ductless
  • Heating Type: Ductless, Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Traditional
  • Construction: Frame
  • Basement Desc.: None
  • Foundation: Slab
  • Roof: Metal
  • Common Walls: 2+ Common Walls
  • Stories/Levels: 2
  • Square Feet: 19,296
  • Sq. Ft. Source: Assessor
  • Year Built: 1973

Lot Features

  • Property View: Creek/Stream, Golf Course, Park/Greenbelt, Territorial
  • Lot Size (Acres): 0.99
  • Lot Size (Sq. Ft.): 43,124
  • Street/Road Desc.: Paved
  • Lot Features: Landscaped
  • Zoning: C2; General Commercial

Financial Considerations

  • Tax Amount: $13,709.2
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Standard
  • APN: 8885
  • Section: NW
  • Block: 4
  • Lot Number: 3800

Listed by Compass Commercial Real Estate (541) 383-2444, Ronald E Ross (541) 480-8884 and Compass Commercial Real Estate (541) 383-2444, Terrence O'Neil

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Listing agents

— 940 NW 2nd St —

  • Ronald E Ross

    Compass Commercial Real Estate

    541-383-2444

  • Terrence O'Neil

    Compass Commercial Real Estate

    541-383-2444

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with our affiliated lender
NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

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NMLS#: 1598647

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with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Price & Sales History for 940 NW 2nd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/15/2026
Listed
$4,100,000
41.38%
MLS
12/27/2021
Sold
$2,900,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 940 NW 2nd St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,709
3%
$853,130
3%
2024
$13,357
4%
$828,290
3%
2023
$12,898
4%
$804,170
6%
2021
$12,430
-1%
$758,010
-3%
2022
$12,500
1%
$780,750
6%
2021
$12,430
3%
$735,937
6%
2020
$12,089
4%
$693,691
—
2019
$11,677
3%
$693,691
3%
2018
$11,365
10%
$673,486
13%
2016
$10,358
—
$594,430
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Compass Commercial Real Estate (541) 383-2444, Ronald E Ross (541) 480-8884 and Compass Commercial Real Estate (541) 383-2444, Terrence O'Neil

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940 NW 2nd Street, Prineville, OR 97754 (MLS# 220221478) is a Multi-Family property with 22 units containing 0 bedrooms and 0 full bathrooms. 940 NW 2nd Street is currently listed for $4,100,000 and was received on May 15, 2026. Want to learn more about 940 NW 2nd Street? Do you have questions about finding other Multi-Family real estate for sale in Prineville? You can browse all Prineville real estate or contact a Coldwell Banker agent to request more information.

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