Tamara Apartments | 5136-5154 SE 17th Ave
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Tamara Apartments 5136-5154 SE 17th Ave
10 Unit Apartment Building $2,100,000 ($210,000/Unit) 5.01% Cap Rate Portland, OR 97202
Executive Summary
Amazing location for this 10 unit investment property! 6 2 bedroom and 4 1 bedroom units which have been remodeled to include newer cabinets, granite countertops, tile flooring along with laminate flooring, and fresh coat of paint in each unit as well as the exterior of the building. Steady income producing property with room to raise rents. Homeforward payments are $1865 for a 1 BR and $2226 for a 2br in the area. Potential development opportunity of up to 60 units. Buyer to do their due diligence. Seller to do 1031 exchange at no cost to the buyer. Listing agent related to seller. Seller is a licensed real estate agent in Oregon.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,100,000 | Apartment Style | Low Rise |
| Price Per Unit | $210,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 5.01% | Building Size | 6,924 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1975 |
| Property Subtype | Apartment | Parking Ratio | 1.44/1,000 SF |
| Price | $2,100,000 |
| Price Per Unit | $210,000 |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| Sale Conditions | 1031 Exchange |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 6,924 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 1.44/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Tile Floors
- Granite Countertops
- Refrigerator
- Oven
- Tub/Shower
- Family Room
- Vinyl Flooring
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 650 |
| 2+1 | 6 | - | 800 |
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Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | R181781 | Improvements Assessment | $0 (2023) |
| Land Assessment | $0 (2023) | Total Assessment | $639,530 (2023) |
PROPERTY TAXES
Parcel Number
R181781
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$639,530 (2023)
zoning
| Zoning Code | CE (Commercial Multi-Family) |
| CE (Commercial Multi-Family) |
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Tamara Apartments | 5136-5154 SE 17th Ave
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