3709-3717 SE 91st Ave | Portland, OR 97266
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3709-3717 SE 91st Ave
Portland, OR 97266
Lents Apartments · Multifamily Property For Sale · 8 Units
Executive Summary
Great investment opportunity. 7 Unit complex with, 2- 1 Bed/1Bath apartments and 4- 2Bed/1Bath apartments plus a 2 Bed/1 Bath home. There is also a studio, recently used for storage, that is being prepped to rent. On site laundry room services the 6 units and the home has a washer/dryer. New tear off roof and gutters on the house in 2018 and extensive remodeling and new flooring in 2022. 4 of 7 units received updates over the last 3 years. Currently, all units are occupied. Scheduled rents are $8,230 per month.
PROPERTY FACTS
| Price Per Unit | $137,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 3.67% | Building Size | 4,850 SF |
| Gross Rent Multiplier | 51 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1999 |
| Property Subtype | Apartment | Parking Ratio | 0.41/1,000 SF |
| Apartment Style | Low Rise |
| Price Per Unit | $137,500 |
| Sale Type | Investment |
| Cap Rate | 3.67% |
| Gross Rent Multiplier | 51 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 4,850 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1999 |
| Parking Ratio | 0.41/1,000 SF |
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $900.00 | 500 |
| 2+1 | 3 | $1,200 | 700 - 943 |
| Studios | 1 | - | 350 |
PROPERTY TAXES
| Parcel Number | R333575 | Improvements Assessment | $722,530 |
| Land Assessment | $415,800 | Total Assessment | $1,138,330 |
PROPERTY TAXES
Parcel Number
R333575
Land Assessment
$415,800
Improvements Assessment
$722,530
Total Assessment
$1,138,330
zoning
| Zoning Code | R1, Portland |
| R1, Portland |
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