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10985 E Burnside St
Portland, OR 97216

Burnside Apartments · Multifamily Property For Sale · 29 Units

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Executive Summary

Stunning + modern new construction 29-unit apartment complex from a quality local builder! Trendy, studio floor plans showcase elevated designs + finishes with tall ceilings, SS appliances, W/D hookups, AC + indoor bike storage! Situated in the desirable Hazelwood neighborhood, the 91 Bikescore says it all with amazing proximity to Mall 205 + Adventist Health plus nearby transit, shopping, restaurants, multiple parks, schools and freeway access!

PROPERTY FACTS

Price Per Unit	$137,928	Apartment Style	Low Rise
Sale Type	Investment	Building Class	B
Cap Rate	7.41%	Lot Size	0.25 AC
Gross Rent Multiplier	11.55	Building Size	12,705 SF
No. Units	29	No. Stories	3
Property Type	Multifamily	Year Built	2024
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price Per Unit	$137,928
Sale Type	Investment
Cap Rate	7.41%
Gross Rent Multiplier	11.55
No. Units	29
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	B
Lot Size	0.25 AC
Building Size	12,705 SF
No. Stories	3
Year Built	2024
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

Air Conditioning

Washer/Dryer Hookup

Heating

Kitchen

Site Amenities

Bicycle Storage

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
Studios	29	$1,120	380 - 456

PROPERTY TAXES

Parcel Number	R319923	Improvements Assessment	$0
Land Assessment	$157,880	Total Assessment	$157,880

PROPERTY TAXES

Parcel Number

R319923

Land Assessment

$157,880

Improvements Assessment

Total Assessment

$157,880

zoning

Zoning Code	RM1
RM1

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Listing ID: 29049468
Date on Market: 7/19/2023
Last Updated:
Address: 10985 E Burnside St, Portland, OR 97216

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