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Riverview Heights 4355 Riverview Ave 10 Unit Apartment Building $2,500,000 ($250,000/Unit) 6.25% Cap Rate West Linn, OR 97068



Executive Summary
Riverview Heights presents a rare opportunity to acquire a 10-unit residential income property in one of the Portland Metro’s most desirable and supply-constrained communities.
The property’s most distinctive feature is its six separate tax lots, a structural advantage unavailable in conventional multifamily product. Units can be sold individually over time, repositioned as owner-occupied housing, or transferred as part of estate and succession planning, giving investors a built-in exit strategy that adds long-term optionality to near-term cash flow.
Each residence offers 3 bedrooms, 2 baths, private yards and decks, in-unit washer/dryer hookups, and dedicated parking — a combination that attracts stable, long-term tenants and supports below-market turnover. The uniform floor plan across all ten units keeps operations simple and management efficient.
Riverview Heights is the kind of asset that rarely trades: quality housing in a premier submarket, with the flexibility to hold for income, sell units individually, or transfer wealth to the next generation, entirely on your terms.
The property’s most distinctive feature is its six separate tax lots, a structural advantage unavailable in conventional multifamily product. Units can be sold individually over time, repositioned as owner-occupied housing, or transferred as part of estate and succession planning, giving investors a built-in exit strategy that adds long-term optionality to near-term cash flow.
Each residence offers 3 bedrooms, 2 baths, private yards and decks, in-unit washer/dryer hookups, and dedicated parking — a combination that attracts stable, long-term tenants and supports below-market turnover. The uniform floor plan across all ten units keeps operations simple and management efficient.
Riverview Heights is the kind of asset that rarely trades: quality housing in a premier submarket, with the flexibility to hold for income, sell units individually, or transfer wealth to the next generation, entirely on your terms.
Property Facts
| Price | $2,500,000 | Building Class | C |
| Price Per Unit | $250,000 | Lot Size | 1.02 AC |
| Sale Type | Investment | Building Size | 13,500 SF |
| Cap Rate | 6.25% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1972/2016 |
| Property Subtype | Apartment | Parking Ratio | 1.19/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R4.5 | ||
| Price | $2,500,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.02 AC |
| Building Size | 13,500 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1972/2016 |
| Parking Ratio | 1.19/1,000 SF |
| Zoning | R4.5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 10 | - | 1,350 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $453 | Total Assessment | $508,383 |
Property Taxes
Parcel Numbers
Land Assessment
$453
Improvements Assessment
$0
Total Assessment
$508,383
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Riverview Heights | 4355 Riverview Ave
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