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1364 Northern Heights Loop 3 Unit Apartment Building $975,000 ($325,000/Unit) 5.28% Cap Rate Keizer, OR 97303
Investment Highlights
- Excellent Keizer location in Country Glen
- Long term tenants with minimal vacancy losses
- Home was built in 2021 and duplex in 1996
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$66,420
|
$17.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$66,420
|
$17.85
|
| Taxes |
$7,592
|
$2.04
|
| Operating Expenses |
$7,331
|
$1.97
|
| Total Expenses |
$14,923
|
$4.01
|
| Net Operating Income |
$51,497
|
$13.84
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $66,420 |
| Annual Per SF | $17.85 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $66,420 |
| Annual Per SF | $17.85 |
| Taxes | |
|---|---|
| Annual | $7,592 |
| Annual Per SF | $2.04 |
| Operating Expenses | |
|---|---|
| Annual | $7,331 |
| Annual Per SF | $1.97 |
| Total Expenses | |
|---|---|
| Annual | $14,923 |
| Annual Per SF | $4.01 |
| Net Operating Income | |
|---|---|
| Annual | $51,497 |
| Annual Per SF | $13.84 |
Property Facts
| Price | $975,000 | Property Subtype | Apartment |
| Price Per Unit | $325,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 5.28% | Building Size | 3,720 SF |
| Gross Rent Multiplier | 14.91 | No. Stories | 1 |
| No. Units | 3 | Year Built | 1996 |
| Property Type | Multifamily | ||
| Zoning | MU - Mixed-Use (MU) | ||
| Price | $975,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Cap Rate | 5.28% |
| Gross Rent Multiplier | 14.91 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 3,720 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Zoning | MU - Mixed-Use (MU) |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $1,520 | 1,156 |
| 3+2 | 1 | $2,495 | 1,408 |
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Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 546521 | Total Assessment | $445,480 |
| Land Assessment | $0 | Annual Taxes | $7,592 ($2.04/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
546521
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$445,480
Annual Taxes
$7,592 ($2.04/SF)
Tax Year
2025
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Contact the Sale Advisor
1364 Northern Heights Loop