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2230 NE 15th Ave 4 Unit Apartment Building $975,000 ($243,750/Unit) 5.14% Cap Rate Portland, OR 97212
Investment Highlights
- Perfect 100 Bike Score
- Strong rental history
- Stainless steel appliances
- Excellent 90 Walk Score
- Hardwood floors
- Recent foundation upgrades
Executive Summary
Retro 1960's fourplex in the heart of Historic Irvington neighborhood. Turnkey investment or owner occupied opportunity with convenient access to Trimet bus line #8 and Broadway line #77. Walk to cafes, shops and eateries. 100 Bike score, 90 walk score. Well maintained professionally managed property w/ strong rental history. Hardwood floors, stainless steel appliances, Marmolium flooring in kitchen and bath, 2 - -YO tear-off roof, recent foundation upgrades, on-site laundry and off street parking.
Property Facts
| Price | $975,000 | Property Subtype | Apartment |
| Price Per Unit | $243,750 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.14% | Lot Size | 0.12 AC |
| Gross Rent Multiplier | 11.85 | Building Size | 3,366 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1967 |
| Zoning | R5 | ||
| Price | $975,000 |
| Price Per Unit | $243,750 |
| Sale Type | Investment |
| Cap Rate | 5.14% |
| Gross Rent Multiplier | 11.85 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,366 SF |
| No. Stories | 2 |
| Year Built | 1967 |
| Zoning | R5 |
Amenities
Site Amenities
- Laundry Facilities
- Vintage Building
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
60/100
Very bikeable
80/100
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Photos
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Map
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Contact the Sale Advisor
2230 NE 15th Ave