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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



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 | Apartment Style | Single-Family Home |
| Price Per Unit | $397,992 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 12,080 SF |
| Cap Rate | 5.81% | No. Stories | 1 |
| No. Units | 13 | Year Built | 2025 |
| Property Type | Multifamily | Parking Ratio | 0.5/1,000 SF |
| Zoning | R7 | ||
| 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 |
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Walk Score®
Very Walkable (81)
Bike Score®
Biker's Paradise (96)
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4328 Going st - NE Going St Community
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