JOHN DAY, OREGON FOUR-PLEX 4,064 SQ. FT. | 4 UNITS | NEARLY 0% VACANCY INVESTOR OPPORTUNITY — Strong Occupancy, Current Cash Flow & Income Potential Currently operating above a 5.5% cap rate with potential to reach approximately 7% as rents are increased to market value. This well-maintained 4,064-square-foot four-plex in beautiful John Day, Oregon offers investors an established rental history, nearly 0% vacancy, dependable current income, and the potential for increased returns as rents move toward market value. Located just steps from the historic Kam Wah Chung State Heritage Site, the property includes four distinct rental units, ample off-street parking, shared outdoor amenities, and separately metered electricity paid by the tenants. Its versatile unit mix also creates possibilities for an owner-occupant or a combination of traditional, mid-term, and short-term rental strategies, subject to applicable regulations. Unit A — 3 Bedrooms | 2 Bathrooms Unit A is ideal for an owner-occupant family, offering the space, privacy, and outdoor amenities that make it especially well suited for comfortable family living while also providing the opportunity to offset housing costs through the property’s other three rental units. The largest unit has a warmth and character that sets it apart. Once used as a bed and breakfast, it still has the welcoming feel of a place meant to be enjoyed and shared. Its picturesque covered front deck overlooks a fenced lawn framed by mature trees and a fence covered in lush greenery. It’s an inviting spot to linger over morning coffee or breakfast outdoors, enjoying the peaceful setting before the day begins. An underground sprinkler system helps keep the lawn and landscaping easy to maintain. Inside, a spacious, light-filled living room opens to an updated eat-in kitchen with custom cabinetry, pull-out shelving, dishwasher, disposal, built-in refrigerator, and range. The unit includes three spacious bedrooms and two full bathrooms, plus ceiling fans for added comfort. A Toyo Laser oil heater provides efficient winter heat. Interior stairs lead to the laundry area, back yard and a finished basement offering additional flexible space for an office, craft room, etc, adding even more utility to this distinctive residence. For an owner-occupant, Unit A offers something especially appealing: the opportunity to enjoy the charm and privacy of a comfortable three-bedroom home while the other three units generate rental income. Unit B — 2 Bedrooms | 1 Bathroom Unit B offers two bedrooms, one full bathroom, and a spacious living area filled with natural light. Well-kept vintage kitchen cabinetry adds character while providing practical storage. The kitchen and dining area include a full-size refrigerator and range, with plenty of room for everyday living. Heating is provided by a Toyo Laser oil heater. Unit C — Studio | 1 Bathroom This efficient studio apartment includes a full bathroom, modern kitchen cabinetry, full-size refrigerator, and range. Built-in drawers and two closets provide excellent storage while maximizing the available living space. A rear entrance opens to the shared courtyard and garden area, adding another appealing outdoor connection for the resident. Unit D — 1 Bedroom | 1 Bathroom Unit D features a comfortable living room, one bedroom, and one full bathroom. The kitchen includes modern white cabinetry, a full-size refrigerator, and a 24-inch range. Updated vinyl plank flooring and built-in cabinetry support easy maintenance and efficient use of space. A rear door opens directly to the shared courtyard. PROPERTY FEATURES SUPPORTING CASH FLOW Residents enjoy shared, no-charge laundry facilities, a shared courtyard with raised garden beds, a 12′ x 16′ storage shed, and ample off-street parking. The 4,064-square-foot building features vinyl siding, a metal roof, vinyl windows, and oil heat. Water, sewer, garbage, and internet are included in the rents, while each unit is separately metered for electricity, which is paid directly by the tenant. This expense structure helps limit owner-paid utility exposure under the current long-term rental model. With four distinctly different units—from a spacious three-bedroom residence to an efficient studio—the property provides an investor with flexibility in both tenant mix and future rental strategy. For an owner-occupant, Unit A provides the feel of a private home, complete with its own picturesque outdoor space, while the remaining three units generate rental income. For an investor, the property’s established rental history and nearly 0% vacancy provide dependable current income, while bringing rents toward market value offers the potential to improve returns to an approximately 7% cap rate. A PROPERTY WITH INCOME — AND CHARACTER The property’s location and varied unit sizes may be ideal for furnished mid-term or short-term rentals. John Day attracts visitors for outdoor recreation, hunting and fishing, regional events, business and work assignments, and area attractions—including the Kam Wah Chung State Heritage Site just steps from the property. What distinguishes this four-plex is that it isn’t simply four rental units on a spreadsheet. From the inviting front deck of Unit A and its history as a bed and breakfast to the shared courtyard, garden beds, mature landscaping, and proximity to one of John Day’s most recognized historic sites, the property offers character alongside its income-producing potential.