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Montana Ave 6-Plex 4060 N Montana Ave 6 Unit Apartment Building $1,900,000 ($316,667/Unit) 5.43% Cap Rate Portland, OR 97227
INVESTMENT HIGHLIGHTS
- Brand New Construction Multi-Family Opportunity
- Low Maintenance Asset in Desirable Neighborhood
- All Units Currently in Lease Up
- Units Feature High Ceilings, Quartz Countertops, Exterior Patio/Deck, and Abundant Natural Light
EXECUTIVE SUMMARY
6 Unit Multifamily Opportunity on Montana Ave in N Portland
New Construction • Condo Grade Finishes
--------------------
Sale Price: $1,900,000 ($316,667/Unit)
2025 Budget CAP Rate: 5.43%
Units: 6 Units with 2 Beds, 2 Baths
Building Gross Area: 5,520 SF
Gross Land Area: 5,000 SF
Zoning: RM1 - Residential Multi-Dwelling 1
New Construction • Condo Grade Finishes
--------------------
Sale Price: $1,900,000 ($316,667/Unit)
2025 Budget CAP Rate: 5.43%
Units: 6 Units with 2 Beds, 2 Baths
Building Gross Area: 5,520 SF
Gross Land Area: 5,000 SF
Zoning: RM1 - Residential Multi-Dwelling 1
PROPERTY FACTS
| Price | $1,900,000 | Property Subtype | Apartment |
| Price Per Unit | $316,667 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 5.43% | Building Size | 4,359 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Zoning | RM1 - RM1 - Residential Multi-Dwelling 1 | ||
| Price | $1,900,000 |
| Price Per Unit | $316,667 |
| Sale Type | Investment |
| Cap Rate | 5.43% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 4,359 SF |
| No. Stories | 3 |
| Year Built | 2024 |
| Zoning | RM1 - RM1 - Residential Multi-Dwelling 1 |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Patio
- Quartz Countertops
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 6 | - | - |
1 1
Walk Score®
Very Walkable (82)
Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | R223581 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $775,360 |
PROPERTY TAXES
Parcel Number
R223581
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$775,360
CONTACTS
-
Nicholas Diamond -
Riley Henderson -
George Diamond -
Michael Horter -
Capacity Commercial Group LLC
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Montana Ave 6-Plex | 4060 N Montana Ave
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