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1364 Northern Heights Loop 3 Unit Apartment Building Offered at $990,000 at a 5.20% 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 | $990,000 | Property Type | |
| Price Per Unit | $330,000 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 3,720 SF |
| Cap Rate | 5.20% | No. Stories | 1 |
| Gross Rent Multiplier | 14.91 | Year Built | 1996 |
| No. Units | 3 |
| Price | $990,000 |
| Price Per Unit | $330,000 |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| Gross Rent Multiplier | 14.91 |
| No. Units | 3 |
| Property Type | |
| Lot Size | 0.27 AC |
| Building Size | 3,720 SF |
| No. Stories | 1 |
| Year Built | 1996 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $1,520 | 1,156 |
| 3+2 | 1 | $2,495 | 1,408 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
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1364 Northern Heights Loop
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