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3727 SW Hood 3727-3755 S Hood Ave 18 Unit Apartment Building $3,499,900 ($194,439/Unit) 5.42% Cap Rate Portland, OR 97239
Investment Highlights
- Located in High Demand & Desirable South Waterfront Location
- Modern Systems Reducing Deferred Maintenance Risk
- Boutique Scale Asset Appealing to Private Investors & 1031 Buyers
- 2023 Construction | Low Maintenance Asset
- Diverse Unit Mix | 9 Studios & 9 One Bedroom Units
- Modern Systems Reducing Deferred Maintenance Risk
Executive Summary
Invest in your future with this exceptional opportunity to acquire an impressive new 18-unit apartment building crafted by a trusted local builder. Located in the vibrant South Waterfront district, this property offers unparalleled access to Portland's finest dining, coffee shops, and is just moments from downtown and OHSU. Each unit is meticulously designed with high-end finishes and boasts tall ceilings and an open floor plan that bathes the interiors in natural light. Designer tones complement the stylish aesthetic, and select units feature coveted covered patios or balconies for outdoor enjoyment. Inside, custom cabinetry, stainless-steel appliances, and convenient stackable washer/dryer units ensure modern comfort and convenience. Residents will appreciate additional amenities such as bike storage and a dedicated trash area, enhancing the appeal of this prime investment opportunity. Don't miss out on this chance to own a premier apartment complex in one of Portland's most sought-after locations. Two units are currently operated as short term rentals averaging ~$2,300/month each; market rent is estimated at ~$1,300/month if converted to long term tenancy. Buyer to verify all income.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$285,120
|
$29.41
|
| Other Income |
$8,538
|
$0.88
|
| Vacancy Loss |
$9,979
|
$1.03
|
| Effective Gross Income |
$283,679
|
$29.26
|
| Taxes |
$45,976
|
$4.74
|
| Operating Expenses |
$47,923
|
$4.94
|
| Total Expenses |
$93,899
|
$9.69
|
| Net Operating Income |
$189,780
|
$19.58
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $285,120 |
| Annual Per SF | $29.41 |
| Other Income | |
|---|---|
| Annual | $8,538 |
| Annual Per SF | $0.88 |
| Vacancy Loss | |
|---|---|
| Annual | $9,979 |
| Annual Per SF | $1.03 |
| Effective Gross Income | |
|---|---|
| Annual | $283,679 |
| Annual Per SF | $29.26 |
| Taxes | |
|---|---|
| Annual | $45,976 |
| Annual Per SF | $4.74 |
| Operating Expenses | |
|---|---|
| Annual | $47,923 |
| Annual Per SF | $4.94 |
| Total Expenses | |
|---|---|
| Annual | $93,899 |
| Annual Per SF | $9.69 |
| Net Operating Income | |
|---|---|
| Annual | $189,780 |
| Annual Per SF | $19.58 |
Property Facts
| Price | $3,499,900 | Apartment Style | Mid-Rise |
| Price Per Unit | $194,439 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.42% | Building Size | 9,695 SF |
| No. Units | 18 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2023 |
| Zoning | RM3 | ||
| Price | $3,499,900 |
| Price Per Unit | $194,439 |
| Sale Type | Investment |
| Cap Rate | 5.42% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 9,695 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2023 |
| Zoning | RM3 |
Amenities
Unit Amenities
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Stainless Steel Appliances
- Tub/Shower
- Double Pane Windows
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | $1,050 | 285 - 385 |
| 1+1 | 9 | $1,760 | 454 - 656 |
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | R129248 | Total Assessment | $1,707,890 |
| Land Assessment | $0 | Annual Taxes | $45,976 ($4.74/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
R129248
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,707,890
Annual Taxes
$45,976 ($4.74/SF)
Tax Year
2025
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3727 SW Hood | 3727-3755 S Hood Ave
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