Kingstone Square — Sale in Nyssa, OR

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Nyssa, OR 97913

Investment Figures

Cap rate
6.01%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Kingstone Square Apartments, a 10-unit, fully subsidized Project-Based Section 8 Affordable Housing community located in Nyssa, Oregon. This asset is ideally suited for a local operator with knowledge of the area who can benefit from self-management and long-term affordability preservation, with a potential re-syndication strategy as the HAP contract approaches expiration. Kingstone Square Apartments consists of ten one-bedroom units, all covered under a Project-Based Section 8 HAP contract that provides consistent, government-backed rental income. The current contract is set to expire in February 2033, creating a valuable window for re-syndication or recapitalization strategies once the remaining term drops below five years. The property has historically experienced no vacancy issues and maintains very stable rent collections, offering investors a highly predictable cash flow profile. The property is in good overall condition, featuring attractive landscaping and a clean, well-maintained site layout. Ownership has replaced the roofs in 2024, and replaced all windows in 2017. The property has been well-maintained and updated over the past 5 years. Nyssa, Oregon, located in Malheur County near the Idaho border, is a small but strategically positioned agricultural and residential community along the Snake River. Kingstone Square benefits from a quiet, residential setting with proximity to local schools, grocery stores, and regional employers. The area’s affordability, rural charm, and strong demand for subsidized housing create a reliable rental base and minimal turnover. The city is also within reach of larger employment hubs such as Ontario, Oregon, and the Treasure Valley region of Idaho. This offering represents a rare opportunity to acquire a well-located, low-density affordable housing asset with reliable income, minimal operational complexity, and future upside through HAP renewal or re-syndication strategies. For a loca

Market Context

This multifamily in Nyssa, OR is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Nyssa, OR — view the full market.

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