Northport, WA High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Northport, Washington Market population: 24K. Compare commercial properties across all major asset classes with...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Northport AL Properties: 0.3800%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Northport AL
Common questions from investors exploring commercial real estate in Northport AL.
What is the overall investment potential of Northport, AL, considering its demographic and economic factors?
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Northport, AL, with a population of 23,780 and a median age of 33.4, presents a stable investment market, given its median household income of $51,112 and a relatively high poverty rate of 13.9%, which is somewhat mitigated by a high health insurance coverage rate of 94.3%, indicating a degree of employment stability and access to healthcare for its residents.
How does the ethnic diversity and industry mix in Northport impact the demand for real estate investments?
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The city's ethnic diversity, with top ethnicities being White (41.0%), White Non-Hispanic (39.9%), and Black (14.8%), alongside its foreign-born rate of 2.45%, suggests a relatively homogeneous but slightly diverse community, which, combined with top industries like Information, Transportation & Warehousing, & Utilities, and Construction, indicates a steady demand for housing due to employment opportunities in these sectors.
What are the implications of Northport's commute times and health insurance coverage for real estate investors?
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The average commute time of 18.1 minutes and the high health insurance coverage rate of 94.3% in Northport suggest a market with good infrastructure for commuters and a relatively healthy and stable workforce, which can attract renters and buyers looking for convenient and reliable access to employment and healthcare services.
How do poverty rates and income inequality affect the quality of tenants and property values in Northport?
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The poverty rate of 13.9% and a GINI coefficient of 0.406 in Northport indicate some level of income inequality, which, when considered alongside the median property value of $161,500 and median property taxes of $5,923, suggests that investors should be cautious but can still find opportunities, especially given the city's homeownership rate of 64.3% and the potential for rental income from a diverse economic base.
What role does the education level of the population play in the real estate investment potential of Northport?
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With a high school graduation rate of 92.2% and 23.4% of the population holding a Bachelor's degree or higher, Northport's educated workforce contributes to its economic stability and attractiveness for real estate investments, as educated populations tend to have higher incomes and more stable employment, which in turn can support higher property values and rental yields.
Northport AL Real Estate & City Facts
Key facts and real estate information about Northport AL.
What are some of the best neighborhoods to live in Northport?
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Some of the best neighborhoods to live in Northport include Northwood Lake, Graceland, Academy Hill, April Sound, and Bellwood. These neighborhoods are known for being peaceful, family-friendly, and having a strong sense of community.
What are some fun things to do in Northport?
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There are plenty of fun things to do in Northport, including visiting the Kentuck Art Center, exploring the Van De Graaff Park and Arboretum, and checking out the Northport Historic District. You can also grab a bite to eat at one of the many local restaurants, such as City Cafe or The Blue Plate.
What is the food scene like in Northport?
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The food scene in Northport is thriving, with a variety of restaurants serving up everything from Southern comfort food to Italian cuisine. Some popular spots include City Cafe, The Blue Plate, Archibald's, and Billy's Sports Grill. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in Northport?
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The pros of living in Northport include its small-town charm, friendly community, and easy access to outdoor activities like hiking and fishing. However, some cons include the limited job market and higher cost of living compared to other parts of the state. Overall, Northport is a great place to live for those who value a close-knit community and a relaxed pace of life.
Is Northport a good place to live?
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Northport is a great place to live for those who value a small-town atmosphere and a strong sense of community. While it may not have all the amenities of a larger city, it has a lot to offer in terms of natural beauty, outdoor recreation, and a thriving food scene. Ultimately, whether or not Northport is a good place to live depends on your individual priorities and preferences.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Northport AL Commercial Property: $51,112
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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