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NE 6th Ave. Apartments 4016-4024 NE 6th Ave 11 Unit Apartment Building $1,639,000 ($149,000/Unit) 6.71% Cap Rate Portland, OR 97212
Executive Summary
The NE 6th Ave Apartments is an 11-unit multifamily asset located in Portland’s desirable close-in Northeast submarket. Originally constructed in 1910, the property features classic early-20th century architecture with strong in-place income and attractive going-in fundamentals.
The unit mix includes a combination of studios, one-bedroom, and larger two- and three-bedroom units, offering broad tenant appeal. As of April 2026, the property generates $15,405/month in rental income, with additional upside potential through operational efficiencies and organic rent growth.
The asset includes a large unfinished basement and attic, providing potential for future revenue-generating improvements such as storage or bike parking, or other creative ideas (buyer to verify feasibility).
Situated on a 0.23-acre lot, the property benefits from a unique, community-oriented setting with open space and garden areas - an uncommon feature for close-in Northeast Portland assets.
The NE 6th Ave Apartments present investors with a stable, in-place income-producing opportunity a tan attractive basis in one of Portland’s most desirable rental locations.
The unit mix includes a combination of studios, one-bedroom, and larger two- and three-bedroom units, offering broad tenant appeal. As of April 2026, the property generates $15,405/month in rental income, with additional upside potential through operational efficiencies and organic rent growth.
The asset includes a large unfinished basement and attic, providing potential for future revenue-generating improvements such as storage or bike parking, or other creative ideas (buyer to verify feasibility).
Situated on a 0.23-acre lot, the property benefits from a unique, community-oriented setting with open space and garden areas - an uncommon feature for close-in Northeast Portland assets.
The NE 6th Ave Apartments present investors with a stable, in-place income-producing opportunity a tan attractive basis in one of Portland’s most desirable rental locations.
Property Facts
| Price | $1,639,000 | Apartment Style | Low-Rise |
| Price Per Unit | $149,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 6.71% | Building Size | 7,300 SF |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1914 |
| Property Subtype | Apartment | ||
| Zoning | N/Av | ||
| Price | $1,639,000 |
| Price Per Unit | $149,000 |
| Sale Type | Investment |
| Cap Rate | 6.71% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 7,300 SF |
| No. Stories | 2 |
| Year Built | 1914 |
| Zoning | N/Av |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | $1,177 | 400 - 432 |
| 1+1 | 6 | $1,402 | 584 |
| 2+1 | 1 | $1,745 | 700 |
| 3+1 | 1 | $1,720 | 852 |
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Exceptionally walkable
90/100
Fairly drivable
50/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Number | R207445 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $239,080 |
Property Taxes
Parcel Number
R207445
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$239,080
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NE 6th Ave. Apartments | 4016-4024 NE 6th Ave
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