2109 3rd St, La Grande, OR 97850

Welcome to 2109 3rd Street, the Bell Station Apartments, in ruggedly beautiful La Grande, Oregon. A rare public offering of a ten-unit apartment complex, Bell Station presents an extraordinary opportunity to step into an established complex with strong in-place income and proven upside.Bell Station itself consists of ten units across two buildings on one parcel. While featuring plenty of historic charm, the complex has had extensive, top-to-bottom renovations, with both cosmetic and system upgrades throughout. There is proven rent upside across multiple units, as well as the possibility of unlocking significant value by billing back utilities via RUBS or a similar program.The complex is strategically located just blocks from downtown La Grande, grocery, retail, and employment. Anchored by Eastern Oregon University, La Grande and the Grande Ronde Valley as a whole is a dynamic market, known for its arts scene, recreational opportunities, and natural beauty of the high desert.The Bell Station Apartments combines historic charm, a prime location, and strong upside, making it a compelling investment opportunity in the active La Grande community.