Log In/Sign Up
Your email has been sent.
1035 SE 14th Ave 6 Unit Apartment Building $949,000 ($158,167/Unit) 6.51% Cap Rate Portland, OR 97214
Executive Summary
Charming, fully restored 6-unit building in Portland's Buckman neighborhood, between the popular Belmont and Hawthorne shops and restaurants. Walk Score 96 (Walker's Paradise) & Bike Score 97 (Biker's Paradise). 2018 studs-out remodel included electrical wiring and panels, water lines, water heaters, doors, bathrooms, common area, washer/dryer/storage room, and kitchens with new cabinets, quartz countertops, and stainless appliances. New roof in 2020; common-area windows in 2021. Unit mix: three 1BD/1BA, one 2BD/1BA, and two upstairs studios sharing one bath — currently 100% occupied. A prime close-in investment opportunity to acquire a turn-key, well-performing asset in one of Portland's strongest submarkets. Current gross monthly income: $8,015 base rent + $75 pet rent, with 2025 utility reimbursements averaging ~$536/month.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$97,080
|
$34.38
|
| Other Income |
$7,335
|
$2.60
|
| Vacancy Loss |
$2,912
|
$1.03
|
| Effective Gross Income |
$101,503
|
$35.94
|
| Taxes |
$12,062
|
$4.27
|
| Operating Expenses |
$27,660
|
$9.79
|
| Total Expenses |
$39,722
|
$14.07
|
| Net Operating Income |
$61,781
|
$21.88
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $97,080 |
| Annual Per SF | $34.38 |
| Other Income | |
|---|---|
| Annual | $7,335 |
| Annual Per SF | $2.60 |
| Vacancy Loss | |
|---|---|
| Annual | $2,912 |
| Annual Per SF | $1.03 |
| Effective Gross Income | |
|---|---|
| Annual | $101,503 |
| Annual Per SF | $35.94 |
| Taxes | |
|---|---|
| Annual | $12,062 |
| Annual Per SF | $4.27 |
| Operating Expenses | |
|---|---|
| Annual | $27,660 |
| Annual Per SF | $9.79 |
| Total Expenses | |
|---|---|
| Annual | $39,722 |
| Annual Per SF | $14.07 |
| Net Operating Income | |
|---|---|
| Annual | $61,781 |
| Annual Per SF | $21.88 |
Property Facts
| Price | $949,000 | Apartment Style | Low-Rise |
| Price Per Unit | $158,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.51% | Building Size | 2,824 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1908/2018 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RM2 | ||
| Price | $949,000 |
| Price Per Unit | $158,167 |
| Sale Type | Investment |
| Cap Rate | 6.51% |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 2,824 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1908/2018 |
| Opportunity Zone |
Yes |
| Zoning | RM2 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $995.00 | 210 - 260 |
| 1+1 | 3 | $1,433 | 310 - 530 |
| 2+1 | 1 | $1,850 | 750 |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | R176951 | Total Assessment | $461,510 |
| Land Assessment | $0 | Annual Taxes | $12,062 ($4.27/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
R176951
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$461,510
Annual Taxes
$12,062 ($4.27/SF)
Tax Year
2025
1 of 39
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1035 SE 14th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.