2047 SW 10th Ave
5 Unit Apartment Building $1,100,000 ($220,000/Unit) 4.77% Cap Rate Portland, OR 97201
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EXECUTIVE SUMMARY
5 Plex with CITY VIEWS and close to PSU campus. Zoning is RM4 which accommodates a high density, multi-dwelling build up to 30 units in a fabulous, central city location. As an investment, this 1912 build has a consistent rental history with a blend of studio, 1,2 and 3 bedroom units. Main floor units have hardwood floors, period built-ins, large front porch and patio access. Garage is currently used for storage and not rented. Laundry machines are located in the basement.
PROPERTY FACTS
Price | $1,100,000 |
Price Per Unit | $220,000 |
Sale Type | Investment |
Cap Rate | 4.77% |
Gross Rent Multiplier | 12.3 |
No. Units | 5 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.19 AC |
Building Size | 3,350 SF |
Average Occupancy | 100% |
No. Stories | 3 |
Year Built/Renovated | 1912/1920 |
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
1+1 | 3 | - | 400 - 700 |
2+1 | 1 | - | 850 |
3+1 | 1 | - | 900 |
1 of 1
Walk Score®
Very Walkable (85)
Transit Score®
Excellent Transit (86)
PROPERTY TAXES
Parcel Number | R127353 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $628,330 |
ZONING
Zoning Code | RM4 (high-density multi-dwelling zone applied near the Central City, and in centers, station areas, and along civic corridors.) |