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Heather Lane Apartments 12920 SE Powell Blvd 16 Unit Apartment Building $2,300,000 ($143,750/Unit) 7.43% Cap Rate Portland, OR 97236
Investment Highlights
- Strong in place income
- Consistent occupancy
- Recent capital improvements
- Washer/Dryer hookups in units
Executive Summary
Well-maintained property offering strong in-place income, recent capital improvements, and consistent occupancy. Most units have been renovated and feature washer/dryer hookups, supporting top-of-market rents. New ownership will benefit from stabilized expenses following recent years of capital investment.
Property Facts
| Price | $2,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $143,750 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.92 AC |
| Cap Rate | 7.43% | Building Size | 13,588 SF |
| No. Units | 16 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | ||
| Zoning | RM1 | ||
| Price | $2,300,000 |
| Price Per Unit | $143,750 |
| Sale Type | Investment |
| Cap Rate | 7.43% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.92 AC |
| Building Size | 13,588 SF |
| No. Stories | 1 |
| Year Built | 1964 |
| Zoning | RM1 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 14 | $1,516 | 850 |
| 3+1 | 2 | $1,961 | 900 |
1 1
Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Number | R207691 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,020,920 |
Property Taxes
Parcel Number
R207691
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,020,920
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Heather Lane Apartments | 12920 SE Powell Blvd
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