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4328 Going st - NE Going St Community 13 Unit Apartment Building Offered at $5,173,900 at a 5.81% Cap Rate Portland, OR 97218

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Investment Highlights

  • Rare 16-unit community of fully detached homes
  • Newly constructed homes
  • Eight off-street parking spaces
  • Prime location
  • Bright, open-concept interiors
  • Private outdoor yard space

Executive Summary

This is a rare and unique opportunity to be part of a thoughtfully designed 13-unit multi-family community made up entirely of stand-alone homes—a distinctive offering in Northeast Portland. Just blocks from Wilshire Park and near the desirable Beaumont-Wilshire neighborhood, this newly constructed development blends privacy, comfort, and modern design in a quiet, connected setting. The community includes five three-bedroom, two and one-half bath homes offering approximately 1,080 square feet, and eight two-bedroom, two and one-half bath homes with approximately 835 square feet of thoughtfully designed living space. Each home is detached, offering the feel and privacy of a single-family residence within a low-maintenance, community-oriented environment. Open-concept great rooms, soaring ceilings, and large picture windows fill each home with natural light. Kitchens feature stainless steel appliances, solid surface countertops, custom cabinetry, and stylish tile backsplashes—perfect for daily living or entertaining. All homes include private outdoor yard space and are finished with designer lighting, modern hardware, and high-quality materials throughout. Upstairs, the three-bedroom homes feature spacious primary suites with double vanities and walk-in closets, while the two-bedroom plans provide equally thoughtful layouts suited for families, roommates, or remote work. Off-street parking for six vehicles adds convenience in a neighborhood where everything is close by. Located at NE 42nd and Going, residents are blocks from Wilshire Park and minutes from local favorites like Beaumont Village, the Hollywood District, and a variety of shops, cafés, and restaurants. With nearby bus lines and a Bike Score of 96, getting around is easy—by bike, transit, or car. Brand new and move-in ready, this community of detached homes offers a rare blend of privacy, modern design, and connection in one of Portland’s most vibrant neighborhoods.

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income $401,400 $25.68
Other Income $723 $0.05
Vacancy Loss $14,049 $0.90
Effective Gross Income $388,074 $24.83
Taxes $56,913 $3.64
Operating Expenses $30,359 $1.94
Total Expenses $87,272 $5.58
Net Operating Income $300,802 $19.25

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $401,400
Annual Per SF $25.68
Other Income
Annual $723
Annual Per SF $0.05
Vacancy Loss
Annual $14,049
Annual Per SF $0.90
Effective Gross Income
Annual $388,074
Annual Per SF $24.83
Taxes
Annual $56,913
Annual Per SF $3.64
Operating Expenses
Annual $30,359
Annual Per SF $1.94
Total Expenses
Annual $87,272
Annual Per SF $5.58
Net Operating Income
Annual $300,802
Annual Per SF $19.25

Property Facts

Price $5,173,900
Price Per Unit $397,992
Sale Type Investment
Cap Rate 5.81%
No. Units 13
Property Type Multifamily
Apartment Style Single-Family Home
Lot Size 0.10 AC
Building Size 12,080 SF
No. Stories 1
Year Built 2025
Parking Ratio 0.5/1,000 SF
Zoning R7

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2.5 5 $2,900 1,080
2+2.5 7 $2,350 835
2+2.5 1 $2,500 835
Walk Score®
Very Walkable (81)
Bike Score®
Biker's Paradise (96)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 38505415

  • Date on Market: 11/19/2025

  • Last Updated:

  • Address: 4328 Going st, Portland, OR 97218

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