8128-8132 NE Beech St
4 Unit Apartment Building $825,000 ($206,250/Unit) 5.88% Cap Rate Portland, OR 97213
INVESTMENT HIGHLIGHTS
- Public Transportation
- Easy landscaping
- Fully rented
EXECUTIVE SUMMARY
This 4 plex located in Roseway presents a prime investment opportunity. The units are fully rented and on month to month leases. The lot features easy landscaping and plenty of off street parking. Roof & vinyl windows installed in 2017 and two of the units have updated plumbing. One unit has private laundry in unit and the other three share a laundry space. Location brings convenient transportation options with multiple bus stops within 2 blocks, bike score of 92 and the Building a Better 82nd project currently being worked on. Opportunity for owner occupied FHA financing, making it a great option for a 'Owner Occupied Housing Hack.' Whether you're an experienced investor or looking to diversify your portfolio this is a great find.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $825,000 |
| Price Per Unit | $206,250 |
| Sale Type | Investment |
| Cap Rate | 5.88% |
| Gross Rent Multiplier | 11.7 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,984 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1954 |
UNIT AMENITIES
- Refrigerator
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $1,390 | - |
| 2+1 | 1 | $1,800 | - |
1 of 1
Walk Score®
Very Walkable (79)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | R300343 | Total Assessment | $420,220 (2023) |
| Land Assessment | $0 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2023) | Tax Year | 2024 |
ZONING
| Zoning Code | R2 (medium-density residential zone) |
