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SE Portland Triplex 2236 SE 89th Ave 3 Unit Apartment Building $675,000 ($225,000/Unit) 5.66% Cap Rate Portland, OR 97216
Investment Highlights
- Townhome style units
- Desirable location
- with attached garage
Executive Summary
This is a fully rented 1997-built, townhouse-style Triplex on a low traffic flag lot.2 Bedrooms, 1 1/2 baths per unit each. Attached garages. Each unit has their own fenced backyard with private patio. New roof and well-maintained. Original-owner property is a solid income producer. In-place rents with additional upside. Super-convenient SE location.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $675,000 | Property Subtype | Apartment |
| Price Per Unit | $225,000 | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.66% | Lot Size | 0.22 AC |
| Sale Condition | 1031 Exchange | Building Size | 2,688 SF |
| Gross Rent Multiplier | 11.56 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1997 |
| Zoning | RM1 | ||
| Price | $675,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 5.66% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.56 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 2,688 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1997 |
| Zoning | RM1 |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Washer/Dryer
- Refrigerator
- Range
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Very Walkable (70)
Bike Score®
Biker's Paradise (99)
Property Taxes
| Parcel Number | R237839 | Total Assessment | $342,200 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 Payable 2024 |
Property Taxes
Parcel Number
R237839
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$342,200 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2024
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Photos
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Street
Map
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Presented by
Happy Homes
SE Portland Triplex | 2236 SE 89th Ave
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