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Rochelle Villa Apartments 1111 NE 122nd Ave 43 Unit Apartment Building $6,750,000 ($156,977/Unit) 5.72% Cap Rate Portland, OR 97230
EXECUTIVE SUMMARY
HFO is pleased to present Rochelle Villa, a well-located 43-unit multifamily community in the heart of East Portland, offering investors meaningful operational and management upside. Positioned in the East Portland commercial corridor, the property provides residents with exceptional access to major employers, retail centers, parks, and transit including nearby MAX Blue Line service connecting to Downtown Portland, Gateway, and Gresham.
East Portland continues to demonstrate strong renter demand, stable occupancy, and durable workforce-housing fundamentals, making this submarket one of the metro’s most resilient. With opportunities to enhance efficiencies, modernize interiors, and capture rent growth through targeted value add strategies, the asset represents a compelling investment in a supply-constrained and high-performing multifamily market.
East Portland continues to demonstrate strong renter demand, stable occupancy, and durable workforce-housing fundamentals, making this submarket one of the metro’s most resilient. With opportunities to enhance efficiencies, modernize interiors, and capture rent growth through targeted value add strategies, the asset represents a compelling investment in a supply-constrained and high-performing multifamily market.
PROPERTY FACTS
| Price | $6,750,000 | Building Class | C |
| Price Per Unit | $156,977 | Lot Size | 1.28 AC |
| Sale Type | Investment | Building Size | 37,308 SF |
| Cap Rate | 5.72% | Average Occupancy | 90% |
| No. Units | 43 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 1.08/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R3 | ||
| Price | $6,750,000 |
| Price Per Unit | $156,977 |
| Sale Type | Investment |
| Cap Rate | 5.72% |
| No. Units | 43 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.28 AC |
| Building Size | 37,308 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.08/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Fireplace
- Storage Space
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Deck
- Freezer
- Patio
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Storage Space
- Online Services
- Public Transportation
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 640 - 800 |
| 2+1 | 25 | - | 892 |
| 2+1.5 | 9 | - | 984 |
| 3+2 | 2 | - | 1,076 |
| 1+1 | 1 | - | 800 |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | R177928 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,966,990 |
PROPERTY TAXES
Parcel Number
R177928
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,966,990
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Rochelle Villa Apartments | 1111 NE 122nd Ave
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