Log In/Sign Up
Your email has been sent.
Avary Apartments 6940 N Greenwich Ave 12 Unit Apartment Building $2,350,000 ($195,833/Unit) 5.07% Cap Rate Portland, OR 97217
Investment Highlights
- High Quality Finishes
- Stainless Steel Appliances
- Large windows
- In-unit Laundry
- Brick Exterior
- Close to Fred Meyer and New Seasons
Executive Summary
Quality new construction with large units!
Two 2-bedroom 1 bath units
Ten 1-bedroom 1 bath units
In-unit laundry
Stainless Steel appliances
Quartz countertops
Bike storage
Separate trash and recycling center
Heat and AC via PTAC units
Close to the Max line and easy access to Interstate 5
**Sellers are licensed brokers in Oregon and Montana
Two 2-bedroom 1 bath units
Ten 1-bedroom 1 bath units
In-unit laundry
Stainless Steel appliances
Quartz countertops
Bike storage
Separate trash and recycling center
Heat and AC via PTAC units
Close to the Max line and easy access to Interstate 5
**Sellers are licensed brokers in Oregon and Montana
Financial Summary (Pro Forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$233,400
|
$24.83
|
| Other Income |
$9,200
|
$0.98
|
| Vacancy Loss |
$11,670
|
$1.24
|
| Effective Gross Income |
$230,930
|
$24.57
|
| Taxes |
$28,586
|
$3.04
|
| Operating Expenses |
$56,070
|
$5.96
|
| Total Expenses |
$84,656
|
$9.01
|
| Net Operating Income |
$146,274
|
$15.56
|
Financial Summary (Pro Forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $233,400 |
| Annual Per SF | $24.83 |
| Other Income | |
|---|---|
| Annual | $9,200 |
| Annual Per SF | $0.98 |
| Vacancy Loss | |
|---|---|
| Annual | $11,670 |
| Annual Per SF | $1.24 |
| Effective Gross Income | |
|---|---|
| Annual | $230,930 |
| Annual Per SF | $24.57 |
| Taxes | |
|---|---|
| Annual | $28,586 |
| Annual Per SF | $3.04 |
| Operating Expenses | |
|---|---|
| Annual | $56,070 |
| Annual Per SF | $5.96 |
| Total Expenses | |
|---|---|
| Annual | $84,656 |
| Annual Per SF | $9.01 |
| Net Operating Income | |
|---|---|
| Annual | $146,274 |
| Annual Per SF | $15.56 |
Property Facts
| Price | $2,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $195,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.07% | Building Size | 9,400 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | ||
| Zoning | R5 - Multi Family | ||
| Price | $2,350,000 |
| Price Per Unit | $195,833 |
| Sale Type | Investment |
| Cap Rate | 5.07% |
| Sale Condition | 1031 Exchange |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 9,400 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2021 |
| Zoning | R5 - Multi Family |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Double Pane Windows
- Smoke Free
- Window Coverings
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Recycling
- Smoke Free
- Trash Pickup - Curbside
- Bicycle Storage
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,673 | 636 |
| 1+1 | 10 | $1,495 | 560 - 590 |
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Biker's Paradise (100)
Property Taxes
| Parcel Number | R155860 | Total Assessment | $1,135,750 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $28,586 ($3.04/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
R155860
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$1,135,750 (2025)
Annual Taxes
$28,586 ($3.04/SF)
Tax Year
2024
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Avary Apartments | 6940 N Greenwich Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.