Log In/Sign Up
Your email has been sent.
1804 NE 14th Ave 7 Unit Apartment Building $1,500,000 ($214,286/Unit) 5.30% Cap Rate Portland, OR 97212
Investment Highlights
- Premier Irvington Location – Situated in one of Portland's most desirable and historically significant neighborhoods
- Historic Character with Modern Updates
- Strong Rental Market Fundamentals
- Stabilized Cash Flow
- Professionally Managed Asset
- Walkable Urban Amenities
Executive Summary
Norris & Stevens, Inc., as the exclusive listing agent, is pleased to present Irvington Seven, a seven-unit multifamily investment opportunity located at 1804 NE 14th Avenue and 1407 NE Schuyler Street, Portland, OR 97212, in the heart of Portland's highly desirable Irvington neighborhood. Originally constructed in 1909, this historic property has been thoughtfully maintained and enhanced through numerous interior and exterior renovations, blending classic architectural character with modern tenant appeal. The property is fully occupied and professionally managed, offering investors immediate, stabilized cash flow in one of Portland's most sought-after residential submarkets.
Property Facts
| Price | $1,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $214,286 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.30% | Building Size | 4,365 SF |
| Gross Rent Multiplier | 13.19 | No. Stories | 2 |
| No. Units | 7 | Year Built | 1909 |
| Property Type | Multifamily | Cross Streets | ne schuyler street |
| Property Subtype | Apartment | ||
| Zoning | RM3 | ||
| Price | $1,500,000 |
| Price Per Unit | $214,286 |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| Gross Rent Multiplier | 13.19 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,365 SF |
| No. Stories | 2 |
| Year Built | 1909 |
| Cross Streets | ne schuyler street |
| Zoning | RM3 |
Amenities
Unit Amenities
- Storage Space
- Washer/Dryer
- Quartz Countertops
Site Amenities
- Courtyard
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | R182589 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $380,150 |
Property Taxes
Parcel Number
R182589
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$380,150
1 of 47
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
