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1626-1646 SE Ash St 10 Unit Apartment Building $2,950,000 ($295,000/Unit) 4.89% Cap Rate Portland, OR 97214
INVESTMENT HIGHLIGHTS
- Location - Highly desirable inner SE PDX corner lot
- Big open rooms
- Condition - Newer roof, exterior siding and exterior paint
EXECUTIVE SUMMARY
Prime investment opportunity, close-in SE Portland quarter acre corner lot, Newer roof, siding and exterior paint. Off street parking, Shared laundry and tenant storage.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,950,000 | Building Class | C |
| Price Per Unit | $295,000 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 9,120 SF |
| Cap Rate | 4.89% | Average Occupancy | 90% |
| Gross Rent Multiplier | 14.02 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1973 |
| Property Type | Multifamily | Parking Ratio | 0.55/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R25 | ||
| Price | $2,950,000 |
| Price Per Unit | $295,000 |
| Sale Type | Investment |
| Cap Rate | 4.89% |
| Gross Rent Multiplier | 14.02 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 9,120 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 0.55/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R25 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 10 | $1,825 | 912 |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | R225703 | Total Assessment | $653,760 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
R225703
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$653,760
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1626-1646 SE Ash St
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