Log In/Sign Up
Your email has been sent.
215 NE 30th Ave 3 Unit Apartment Building Offered at $1,195,000 at a 6% Cap Rate Portland, OR 97232
INVESTMENT HIGHLIGHTS
- Location. Proximity to Laurelhurst Park; Whole Foods; numerous other restaurants and coffee shops.
EXECUTIVE SUMMARY
Amazing opportunity to own an updated tri-plex in the highly desirable Kerns/Laurelhurst neighborhood! Walk & Bike score of 97! Each unit has quartz counters, vinyl flooring and features an in-unit washer and dryer, fully updated kitchens with stainless steel appliances, which include dishwasher, refrigerator, and range/oven. Situated perfectly between E Burnside and NE Glisan - cafes, restaurants, local shops, and parks make it easy to rent and thus provides an attractive investment. Detached 480 square foot outbuilding in the back currently provides a secure, individual storage unit for each tenant. Additional development opportunities exist.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$85,140
|
$21.30
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$85,140
|
$21.30
|
| Taxes |
$6,440
|
$1.61
|
| Operating Expenses |
$13,440
|
$3.36
|
| Total Expenses |
$19,880
|
$4.97
|
| Net Operating Income |
$65,260
|
$16.32
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $85,140 |
| Annual Per SF | $21.30 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $85,140 |
| Annual Per SF | $21.30 |
| Taxes | |
|---|---|
| Annual | $6,440 |
| Annual Per SF | $1.61 |
| Operating Expenses | |
|---|---|
| Annual | $13,440 |
| Annual Per SF | $3.36 |
| Total Expenses | |
|---|---|
| Annual | $19,880 |
| Annual Per SF | $4.97 |
| Net Operating Income | |
|---|---|
| Annual | $65,260 |
| Annual Per SF | $16.32 |
PROPERTY FACTS
| Price | $1,195,000 | Property Type | Multifamily |
| Price Per Unit | $398,333 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 3,998 SF |
| Cap Rate | 6% | No. Stories | 4 |
| Gross Rent Multiplier | 15.86 | Year Built/Renovated | 1908/2017 |
| No. Units | 3 | ||
| Zoning | R5 | ||
| Price | $1,195,000 |
| Price Per Unit | $398,333 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 15.86 |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.11 AC |
| Building Size | 3,998 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1908/2017 |
| Zoning | R5 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | $2,450 | 1,132 |
| 3+2 | 1 | $2,850 | 1,846 |
| 2+1 | 1 | $1,795 | 1,020 |
1 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Biker's Paradise (97)
1 of 37
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
215 NE 30th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.