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1535 N Alberta St 16 Unit Apartment Building $3,400,000 ($212,500/Unit) 5.47% Cap Rate Portland, OR 97217
EXECUTIVE SUMMARY
Exquisite modern, new construction 16-unit apartment complex from a quality local builder with a mix of studio (6) + 1 bed units (10) including (2) generously sized common rooms with kitchenette, electric fireplace + extensive windows! Each unit is expertly crafted featuring expansive ceilings + open concept floor plan bringing an abundance of natural light with designer finishes + colors! Sleek custom cabinetry, desirable SS appliances + in-unit W/D + bike room round out a few quality amenities. With remarkable proximity, in the heart of popular Overlook Neighborhood, nearby Interstates hot restaurants, shops, parks + transit! Phenomenal 99BikeScore!
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$263,221
|
$24.82
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$77,282
|
$7.29
|
| Net Operating Income |
$185,939
|
$17.53
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $263,221 |
| Annual Per SF | $24.82 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $77,282 |
| Annual Per SF | $7.29 |
| Net Operating Income | |
|---|---|
| Annual | $185,939 |
| Annual Per SF | $17.53 |
PROPERTY FACTS
| Price | $3,400,000 | Property Subtype | Apartment |
| Price Per Unit | $212,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 5.47% | Building Size | 10,606 SF |
| No. Units | 16 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2023 |
| Zoning | CM3 | ||
| Price | $3,400,000 |
| Price Per Unit | $212,500 |
| Sale Type | Investment |
| Cap Rate | 5.47% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 10,606 SF |
| No. Stories | 3 |
| Year Built | 2023 |
| Zoning | CM3 |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Number | R257270 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,448,840 |
PROPERTY TAXES
Parcel Number
R257270
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,448,840
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1535 N Alberta St
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