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2433 SE 139th Ave 6 Unit Apartment Building $1,150,000 ($191,667/Unit) 6.53% Cap Rate Portland, OR 97233
EXECUTIVE SUMMARY
100% occupancy! This property is an excellent investment opportunity, offering a total of six units on a single lot. It consists of a four-plex and a duplex, with each unit designed in a townhouse style. Every unit features two bedrooms, one and a half bathrooms, and approximately 840 square feet of living space. Over the past several years, the interiors have been well maintained and thoughtfully updated, giving the property strong tenant appeal and long-term stability. It's a great set-up—easy to manage and maintain—making this an efficient and attractive addition to any investment portfolio The seller requests that tenants not be disturbed, and showings will be arranged only after an offer has been accepted. Listing broker has an ownership interest in the selling LLC.
FINANCIAL SUMMARY (PRO FORMA - 2025) 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 (PRO FORMA - 2025) 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 | $1,150,000 | Apartment Style | Low-Rise |
| Price Per Unit | $191,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 6.53% | Building Size | 5,184 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.89 | No. Stories | 1 |
| No. Units | 6 | Year Built/Renovated | 1979/2019 |
| Property Type | Multifamily | Parking Ratio | 1.74/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM1 | ||
| Price | $1,150,000 |
| Price Per Unit | $191,667 |
| Sale Type | Investment |
| Cap Rate | 6.53% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.89 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 5,184 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1979/2019 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | RM1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 6 | - | 840 |
1 1
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | R183914 | Total Assessment | $539,300 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
R183914
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$539,300
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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2433 SE 139th Ave
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