Approximately 18 acres of residential property in Pendleton will go up for auction at the Red Lion Hotel Wednesday.
The auction, organized by Stuart Realty Group of Canby and Macon Brothers Auctioneers of Walla Walla, will feature several properties in the Northgate area and a troubled apartment complex at 401 N.W. Bailey Ave. The Northgate properties are vacant.
Tim Stuart, the owner of the realty group, said the properties either feature a low opening bid or no opening bid at all. Thatís the case for the Bailey apartment complex, which has six two-bedroom units and three one-bedroom/studio units.
Stuart said auctions for developers and builders can receive good turnout, referencing a recent auction the realty group did in Walla Walla where there were 23 registered bidders for one property.
Pendleton Mayor John Turner, the chairman of the cityís housing committee, said low purchase prices for the properties could spur development. The city commissioned two separate studies that showed a need in Pendleton for all levels of housing.
The auction will begin at the Red Lion, 304 S.E. Nye Ave., at 5:30 p.m. Online bidders can also take part in the auction through a simulcast on the realty groupís website.