2047 SW 10th Ave

5 Unit Apartment Building $1,100,000 ($220,000/Unit) 4.77% Cap Rate Portland, OR 97201

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
Walk Score®
Very Walkable (85)
Transit Score®
Excellent Transit (86)

PROPERTY TAXES

ZONING

Zoning Code RM4 (high-density multi-dwelling zone applied near the Central City, and in centers, station areas, and along civic corridors.)
  • Listing ID: 34704835

  • Date on Market: 2/3/2025

  • Last Updated:

  • Address: 2047 SW 10th Ave, Portland, OR 97201