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Fremont 50 5042 NE Fremont St 10 Unit Apartment Building $3,150,000 ($315,000/Unit) 5.14% Cap Rate Portland, OR 97213
Investment Highlights
- Low maintenance, turnkey investment, built in 2023
- Excellent location on NE Fremont
- Walk-up style exterior corridors minimize indoor common areas
Executive Summary
Well-located mixed-use investment property features 10 one-bedroom, one-bathroom apartment units and one ground-floor retail suite along NE Fremont Street in Portland’s desirable Beaumont Village neighborhood.
Efficient walk-up configuration, minimizing interior common areas and helping reduce ongoing maintenance and operating requirements. Low-maintenance asset built in 2023 with limited near-term capital needs in a desirable Northeast Portland location with favorable long-term fundamentals.
Efficient walk-up configuration, minimizing interior common areas and helping reduce ongoing maintenance and operating requirements. Low-maintenance asset built in 2023 with limited near-term capital needs in a desirable Northeast Portland location with favorable long-term fundamentals.
Financial Summary (Pro Forma - 2026) 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 (Pro Forma - 2026) 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 | $3,150,000 | Property Subtype | Apartment |
| Price Per Unit | $315,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.14% | Lot Size | 0.09 AC |
| Gross Rent Multiplier | 13.46 | Building Size | 5,653 SF |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2023 |
| Zoning | CM1 | ||
| Price | $3,150,000 |
| Price Per Unit | $315,000 |
| Sale Type | Investment |
| Cap Rate | 5.14% |
| Gross Rent Multiplier | 13.46 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 5,653 SF |
| No. Stories | 3 |
| Year Built | 2023 |
| Zoning | CM1 |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Stainless Steel Appliances
Site Amenities
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 424 - 485 |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | R260890 | Total Assessment | $941,180 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
R260890
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$941,180 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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