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2047 SW 10th Ave 5 Unit Apartment Building $975,000 ($195,000/Unit) 5.38% Cap Rate Portland, OR 97201
Executive Summary
5 Plex with CITY VIEWS and close to PSU campus. Zoning is RM4 which accommodates a high density, multi-dwelling build up to 30 units in a fabulous, central city location. As an investment, this 1912 build has a consistent rental history with a blend of studio, 1,2 and 3 bedroom units. Main floor units have hardwood floors, period built-ins, large front porch and patio access. Garage is currently used for storage and not rented. Laundry machines are located in the basement.
Property Facts
| Price | $975,000 | Apartment Style | Low-Rise |
| Price Per Unit | $195,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.38% | Building Size | 3,350 SF |
| Gross Rent Multiplier | 12.3 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1912/1920 |
| Property Subtype | Apartment | ||
| Zoning | RM4 - high-density multi-dwelling zone applied near the Central City, and in centers, station areas, and along civic corridors. | ||
| Price | $975,000 |
| Price Per Unit | $195,000 |
| Sale Type | Investment |
| Cap Rate | 5.38% |
| Gross Rent Multiplier | 12.3 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 3,350 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1912/1920 |
| Zoning | RM4 - high-density multi-dwelling zone applied near the Central City, and in centers, station areas, and along civic corridors. |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 400 - 700 |
| 2+1 | 1 | - | 850 |
| 3+1 | 1 | - | 900 |
1 1
Walk Score®
Very Walkable (85)
Transit Score®
Excellent Transit (85)
Property Taxes
| Parcel Number | R127353 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $666,580 |
Property Taxes
Parcel Number
R127353
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$666,580
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2047 SW 10th Ave
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