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Terrace View 4405-4425 SE 15th Ave 11 Unit Apartment Building $1,875,000 ($170,455/Unit) 6.09% Cap Rate Portland, OR 97202
Executive Summary
Well located 11 unit apartment community. History of high occupancy and cash flow. The property benefits from off street parking and on-site laundry. Currently 100% occupancy with upside in rents and higher utility collection. High quality property management is in place if a new owner wants a truly passive ownership.
There is no underlying debt and the owner will 1031 exchange (so no owner carry terms avaialable). Owner is a Real Estate Broker in Oregon.
There is no underlying debt and the owner will 1031 exchange (so no owner carry terms avaialable). Owner is a Real Estate Broker in Oregon.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,875,000 | Building Class | C |
| Price Per Unit | $170,455 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 7,728 SF |
| Cap Rate | 6.09% | Average Occupancy | 100% |
| Sale Condition | 1031 Exchange | No. Stories | 3 |
| No. Units | 11 | Year Built | 1970 |
| Property Type | Multifamily | Parking Ratio | 1.42/1,000 SF |
| Property Subtype | Apartment | Cross Streets | se mall street |
| Apartment Style | Low-Rise | ||
| Zoning | R25 | ||
| Price | $1,875,000 |
| Price Per Unit | $170,455 |
| Sale Type | Investment |
| Cap Rate | 6.09% |
| Sale Condition | 1031 Exchange |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 7,728 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1970 |
| Parking Ratio | 1.42/1,000 SF |
| Cross Streets | se mall street |
| Zoning | R25 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 600 |
| 2+2 | 1 | - | 1,150 |
1 1
Walk Score®
Very Walkable (79)
Bike Score®
Biker's Paradise (95)
Property Taxes
| Parcel Number | R117980 | Total Assessment | $713,250 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
R117980
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$713,250
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Terrace View | 4405-4425 SE 15th Ave
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