1801 CHAPMAN Street, Merritt

$1,599,000

MLS® 10395075

1801 Chapman Street (2 titles) presents a premier acquisition opportunity for an occupied, 18-unit multifamily asset in the expanding Southern Interior hub of Merritt, BC, generating approximately $200,000 in gross annual rental revenue. Repositioned from a hospitality property under versatile C-6 zoning, this stabilized asset offers immediate, defensive cash flow paired with a distinct value-add profile. Strategically located steps from Merritt's downtown commercial core, the property benefits from high-walkability transit access, surface parking, common coin-operated laundry, and select renovated suites. New ownership is positioned to capture substantial rental upside and optimize Net Operating Income (NOI) through suite modernization and proactive asset management, all while capitalizing on the region's historically low vacancy rates, strong macroeconomic fundamentals, and long-term redevelopment potential. Updates include; roof in 2020 & 2021 fasteners replaced, seams caulked and resealed, vent flashing and trim replaced, new paint and guards, 100% sheet metal (no torch on present), 2020 new boiler & 2022 domestic hot water boiler added, 2020 to 2022 water lines were replaced with PEX, sewer line was replaced with ABS. Parking lot re-surfaced in 2021. Call the listing agent today for more information. Can be sold as either a share sale or asset sale. (id:44056)

    Property Details
    Full Address:1801 CHAPMAN Street, Merritt, British Columbia
Price:$ 1,599,000
MLS Number:10395075
List Date:July 17th, 2026
Lot Size:0.72 ac
Year Built:1975
Taxes:$ 21,016

    Interior Features
    Heating:Electric

    Building Features
    Sewer:Municipal sewage system
Water:Municipal water
Roof:Metal, Unknown
Exterior:Vinyl siding
Ownership Type:Freehold
Taxes:$ 21,016

    Floors
    

    Land
    Lot Size:0.72 ac

    Neighbourhood Features
    

    Ratings
    

    Commercial Info
    

Neighbourhood Details

Location

Mortgage Calculator

powered by

Stephan Klausat Century 21 Assurance Realty Ltd

250-318-0628

Request Listing Info

Name*
First Last
Email*
Phone
Subject

Is this your listing?Advertise With Us!

Listing Agent(s)

Lead Agent: Stephan Klausat
Office: Century 21 Assurance Realty Ltd
Originating Board: Association of Interior REALTORS® 

Similar Listings