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2544 SE 141st Ave Portland, OR 97236 2544 SE 141st Ave 7 Unit Apartment Building $1,599,000 ($228,429/Unit) 5.38% Cap Rate Portland, OR 97236
EXECUTIVE SUMMARY
First time ever available for sale, Amber Court is a newer Townhouse style 6-plex built in 2008. Huge 3 bedroom, 2.5 bathroom units in good condition with terrific floor plans that average 1535 square feet, each featuring washer & dryer. Electric separately metered, sub-metered for water and forced air gas furnaces serve each unit. Attached garage and additional parking for each unit. Low maintenance with no landscaping. Less than one block from easily accessible transit. Also included is a detached single family 3 bedroom home on separate 12,197 square foot lot with RM2 zoning for additional development opportunity and potential for significant upside. Owner has maintained property exceptionally well. Terrific opportunity to acquire a turn-key operation with good cap rate, strong rental history and potential for additional income! Buyer to verify all information.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$154,200
|
$12.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$154,200
|
$12.03
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$68,111
|
$5.31
|
| Net Operating Income |
$86,089
|
$6.72
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $154,200 |
| Annual Per SF | $12.03 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $154,200 |
| Annual Per SF | $12.03 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $68,111 |
| Annual Per SF | $5.31 |
| Net Operating Income | |
|---|---|
| Annual | $86,089 |
| Annual Per SF | $6.72 |
PROPERTY FACTS
| Price | $1,599,000 | Property Subtype | Apartment |
| Price Per Unit | $228,429 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.38% | Lot Size | 0.17 AC |
| Gross Rent Multiplier | 12 | Building Size | 12,820 SF |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2008 |
| Zoning | RM2 - multi-dwelling residential | ||
| Price | $1,599,000 |
| Price Per Unit | $228,429 |
| Sale Type | Investment |
| Cap Rate | 5.38% |
| Gross Rent Multiplier | 12 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 12,820 SF |
| No. Stories | 3 |
| Year Built | 2008 |
| Zoning | RM2 - multi-dwelling residential |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Washer/Dryer
- Kitchen
- Refrigerator
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 2 | $1,800 | 1,535 |
| 3+1 | 1 | $1,540 | 1,140 |
| 3+2 | 4 | $1,808 | 1,535 - 1,795 |
1 1
Walk Score®
Very Walkable (70)
Bike Score®
Very Bikeable (75)
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Presented by
Savi Realty, Inc
2544 SE 141st Ave Portland, OR 97236 | 2544 SE 141st Ave
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