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Quinn Apartments 7100 N Greenwich Ave

12 Unit Apartment Building $2,500,000 ($208,333/Unit) 5.03% Cap Rate Portland, OR 97217

Apartment Buildings Oregon Portland 7100 N Greenwich Ave, Portland, OR 97217

Investment Highlights

  • Large 2-bedroom 1.5 bath units
  • Secured Entry
  • Stainless appliances
  • Large 1-bedroom 1 bath units with separate entrances
  • In-unit laundry
  • Air conditioning

Executive Summary

The Quinn is a well-built 12-unit apartment building that boasts large, 2-bedroom 1.5 bath units along with six, 1-bedroom units.
Brick facade with Pella windows
James Hardie LAP siding
Airconditioning via PTAC units
In-unit laundry
Stainless appliances
Close to Fred Meyer and New Seasons grocery stores.
Easy access to the MAX line, bus and I-5
**Sellers are licensed real estate brokers in Oregon and Montana.
Also available, 3 similar buildings also on N. Greenwich. Each 12-units built in 2020-2021.

Attachments

Quinn Fall 2024

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Gross Rental Income $244,080 $25.97
Other Income $9,200 $0.98
Vacancy Loss $12,204 $1.30
Effective Gross Income $241,076 $25.65
Taxes $29,000 $3.09
Operating Expenses $58,186 $6.19
Total Expenses $87,186 $9.28
Net Operating Income $153,890 $16.37

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual $244,080
Annual Per SF $25.97
Other Income
Annual $9,200
Annual Per SF $0.98
Vacancy Loss
Annual $12,204
Annual Per SF $1.30
Effective Gross Income
Annual $241,076
Annual Per SF $25.65
Taxes
Annual $29,000
Annual Per SF $3.09
Operating Expenses
Annual $58,186
Annual Per SF $6.19
Total Expenses
Annual $87,186
Annual Per SF $9.28
Net Operating Income
Annual $153,890
Annual Per SF $16.37

Property Facts

Price $2,500,000 Apartment Style Low Rise
Price Per Unit $208,333 Building Class C
Sale Type Investment Lot Size 0.11 AC
Cap Rate 5.03% Building Size 9,400 SF
Sale Conditions 1031 Exchange Average Occupancy 100%
No. Units 12 No. Stories 3
Property Type Multifamily Year Built 2021
Property Subtype Apartment
Price $2,500,000
Price Per Unit $208,333
Sale Type Investment
Cap Rate 5.03%
Sale Conditions 1031 Exchange
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.11 AC
Building Size 9,400 SF
Average Occupancy 100%
No. Stories 3
Year Built 2021

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Heating
  • High Speed Internet Access
  • Ice Maker
  • Refrigerator
  • Oven
  • Sprinkler System
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Double Pane Windows
  • Smoke Free

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Trash Pickup - Curbside
  • Bicycle Storage

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1.5 6 $1,795 900 - 990
1+1 6 $1,395 496 - 527
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Walk Score ®
Very Walkable (82)
Bike Score ®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number R214117 Total Assessment $1,115,860 (2023)
Land Assessment $0 (2023) Annual Taxes $29,000 ($3.09/SF)
Improvements Assessment $0 (2023) Tax Year 2024

PROPERTY TAXES

Parcel Number
R214117
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$1,115,860 (2023)
Annual Taxes
$29,000 ($3.09/SF)
Tax Year
2024

zoning

Zoning Code EXD (Multi family)
EXD (Multi family)
(503) 349-4892

  • Listing ID: 29349882

  • Date on Market: 8/23/2023

  • Last Updated:

  • Address: 7100 N Greenwich Ave, Portland, OR 97217

More public record information on 7100 N Greenwich Ave, Portland, OR 97217

The Hayden Island/Swan Island Multifamily Property at 7100 N Greenwich Ave, Portland, OR 97217 is currently available. Contact Russell Hosner LLC for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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7100 N Greenwich Ave, Portland, OR for sale Building Photo- Image 1 of 12
Quinn Exterior
7100 N Greenwich Ave, Portland, OR for sale Building Photo- Image 2 of 12
Quinn Exterior 2
7100 N Greenwich Ave, Portland, OR for sale Interior Photo- Image 3 of 12
Quinn Interior 1
7100 N Greenwich Ave, Portland, OR for sale Interior Photo- Image 4 of 12
Kitchen
7100 N Greenwich Ave, Portland, OR for sale Interior Photo- Image 5 of 12
1 bd kitchen
7100 N Greenwich Ave, Portland, OR for sale Interior Photo- Image 6 of 12
Bath
7100 N Greenwich Ave, Portland, OR for sale Interior Photo- Image 7 of 12
1 bd bath
7100 N Greenwich Ave, Portland, OR for sale Interior Photo- Image 8 of 12
1 bd living
7100 N Greenwich Ave, Portland, OR for sale Building Photo- Image 9 of 12
Quinn
7100 N Greenwich Ave, Portland, OR for sale Building Photo- Image 10 of 12
2bd floor plan 2
7100 N Greenwich Ave, Portland, OR for sale Building Photo- Image 11 of 12
2bd floor plan

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Quinn Apartments | 7100 N Greenwich Ave
(503) 349-4892 x

Quinn Apartments | 7100 N Greenwich Ave

Bud Hosner

(503) 349-4892

(503) 349-4892

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