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344 SE 29th Ave 4 Unit Apartment Building $825,000 ($206,250/Unit) 5.78% Cap Rate Portland, OR 97214
INVESTMENT HIGHLIGHTS
- Good nieghborhood
- Upside in rents
- Laundry Room
EXECUTIVE SUMMARY
Inspections upon agreed PSA
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$68,777
|
$23.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,439
|
$1.16
|
| Effective Gross Income |
$65,338
|
$22.07
|
| Taxes |
$8,954
|
$3.03
|
| Operating Expenses |
$8,700
|
$2.94
|
| Total Expenses |
$17,654
|
$5.96
|
| Net Operating Income |
$47,684
|
$16.11
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $68,777 |
| Annual Per SF | $23.24 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,439 |
| Annual Per SF | $1.16 |
| Effective Gross Income | |
|---|---|
| Annual | $65,338 |
| Annual Per SF | $22.07 |
| Taxes | |
|---|---|
| Annual | $8,954 |
| Annual Per SF | $3.03 |
| Operating Expenses | |
|---|---|
| Annual | $8,700 |
| Annual Per SF | $2.94 |
| Total Expenses | |
|---|---|
| Annual | $17,654 |
| Annual Per SF | $5.96 |
| Net Operating Income | |
|---|---|
| Annual | $47,684 |
| Annual Per SF | $16.11 |
PROPERTY FACTS
| Price | $825,000 | Apartment Style | Townhome |
| Price Per Unit | $206,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 5.78% | Building Size | 2,960 SF |
| Gross Rent Multiplier | 12 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1967/2019 |
| Property Subtype | Apartment | ||
| Zoning | R5 | ||
| Price | $825,000 |
| Price Per Unit | $206,250 |
| Sale Type | Investment |
| Cap Rate | 5.78% |
| Gross Rent Multiplier | 12 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,960 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1967/2019 |
| Zoning | R5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $1,430 | 740 |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | R126055 | Total Assessment | $358,490 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $8,954 ($3.03/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
R126055
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$358,490 (2025)
Annual Taxes
$8,954 ($3.03/SF)
Tax Year
2024
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Presented by
Castagno Real Estate Inc
344 SE 29th Ave
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