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107th Apartments 4775 NE 107th Ave 16 Unit Apartment Building $3,225,000 ($201,563/Unit) 5.38% Cap Rate Portland, OR 97220
Investment Highlights
- Stabilized turn-key investment
- Proximity to NE Sandy Blvd, grocery, and transit options
- Recently built in 2024
Executive Summary
Recently constructed and fully stabilized 16-unit apartment building located in Portland’s Parkrose neighborhood. This turn-key investment offers low-maintenance ownership with modern systems, contemporary finishes, and a balanced mix of unit types designed to attract a broad tenant base.
Built with long-term durability and operational efficiency in mind, the property features well-finished units with quality fixtures, high-end kitchens, and established occupancy. The diversified unit mix supports stable occupancy and consistent cash flow, appealing to both traditional renters and high demand workforce housing that is near NE Sandy Blvd, grocery, and transit.
Built with long-term durability and operational efficiency in mind, the property features well-finished units with quality fixtures, high-end kitchens, and established occupancy. The diversified unit mix supports stable occupancy and consistent cash flow, appealing to both traditional renters and high demand workforce housing that is near NE Sandy Blvd, grocery, and transit.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$264,324
|
$34.02
|
| Other Income |
$36,413
|
$4.69
|
| Vacancy Loss |
$15,037
|
$1.94
|
| Effective Gross Income |
$285,700
|
$36.77
|
| Taxes |
$28,932
|
$3.72
|
| Operating Expenses |
$83,288
|
$10.72
|
| Total Expenses |
$112,220
|
$14.44
|
| Net Operating Income |
$173,480
|
$22.33
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $264,324 |
| Annual Per SF | $34.02 |
| Other Income | |
|---|---|
| Annual | $36,413 |
| Annual Per SF | $4.69 |
| Vacancy Loss | |
|---|---|
| Annual | $15,037 |
| Annual Per SF | $1.94 |
| Effective Gross Income | |
|---|---|
| Annual | $285,700 |
| Annual Per SF | $36.77 |
| Taxes | |
|---|---|
| Annual | $28,932 |
| Annual Per SF | $3.72 |
| Operating Expenses | |
|---|---|
| Annual | $83,288 |
| Annual Per SF | $10.72 |
| Total Expenses | |
|---|---|
| Annual | $112,220 |
| Annual Per SF | $14.44 |
| Net Operating Income | |
|---|---|
| Annual | $173,480 |
| Annual Per SF | $22.33 |
Property Facts
| Price | $3,225,000 | Property Subtype | Apartment |
| Price Per Unit | $201,563 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.38% | Lot Size | 0.11 AC |
| Gross Rent Multiplier | 11.3 | Building Size | 13,842 SF |
| No. Units | 16 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2024 |
| Zoning | RM2 | ||
| Price | $3,225,000 |
| Price Per Unit | $201,563 |
| Sale Type | Investment |
| Cap Rate | 5.38% |
| Gross Rent Multiplier | 11.3 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 13,842 SF |
| No. Stories | 4 |
| Year Built | 2024 |
| Zoning | RM2 |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Washer/Dryer
- Stainless Steel Appliances
- Island Kitchen
Site Amenities
- 24 Hour Access
- Controlled Access
- Gated
- Bicycle Storage
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 345 |
| 1+1 | 8 | - | 510 |
| 2+1 | 3 | - | 675 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | R703341 | Total Assessment | $1,265,440 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $28,932 ($2.09/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
R703341
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$1,265,440 (2025)
Annual Taxes
$28,932 ($2.09/SF)
Tax Year
2026
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107th Apartments | 4775 NE 107th Ave
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