3757 SE Clay St
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3757 SE Clay St
15 Unit Apartment Building $3,990,000 ($266,000/Unit) 4.50% Cap Rate Portland, OR 97214
Investment Highlights
- prime location in the heart of SE Portland
Executive Summary
The Clay Street Apartments consists of 15 units. The unit mix consists of a studio unit of approximately 310 square feet; a dozen one-bedroom, one-bathroom units ranging from approximately 420 to 560 square feet each; and a couple of two-bedroom, two-bathroom units of approximately 720 square feet each.
Property Facts
| Price | $3,990,000 | Apartment Style | Low Rise |
| Price Per Unit | $266,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 4.50% | Building Size | 8,987 SF |
| No. Units | 15 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2023 |
| Price | $3,990,000 |
| Price Per Unit | $266,000 |
| Sale Type | Investment |
| Cap Rate | 4.50% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.10 AC |
| Building Size | 8,987 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2023 |
Unit Amenities
- Dishwasher
- Disposal
- Washer/Dryer
- Vinyl Flooring
Site Amenities
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 310 |
| 1+1 | 12 | - | 420 - 504 |
| 2+2 | 2 | - | 684 |
Walk Score ®
Walker's Paradise (96)
Bike Score ®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Number | R157065 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $336,380 |
PROPERTY TAXES
Parcel Number
R157065
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$336,380
zoning
| Zoning Code | CM2 (The CM2 zone is a medium-scale, commercial mixed use zone intended for sites in a variety of centers and corridors.) |
| CM2 (The CM2 zone is a medium-scale, commercial mixed use zone intended for sites in a variety of centers and corridors.) |
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Cameron Mercer -
Jake Holman -
Norris & Stevens, Inc.
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3757 SE Clay St
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