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7630 SE Woodstock Blvd 8 Unit Apartment Building $975,000 ($121,875/Unit) 6.15% Cap Rate Portland, OR 97206
INVESTMENT HIGHLIGHTS
- Recent Capital Improvements
- Private Off-Street Parking
- Spacious Updated Units
EXECUTIVE SUMMARY
Located in in the popular Woodstock Neighborhood of Southeast Portland,
Woodstock Apartments is a well-maintained, 7-unit apartment community comprised of six (6) one (1) bedroom and one (1) bathroom apartments and one (1) studio apartment. The one (1) bedroom apartments range in size f rom ~550 Square Feet to ~650 Square Feet and the studio apartment is ~500 Square Feet. Property amenities include off-street assigned parking and a coin-less laundry facility. Since acquiring the property the current ownership team have replaced all windows and updated all of the units. Recent updates include but are not limited to the following, Roof (2024), Siding (partial) 2024, Central Water Heater (2023), and Remodeled Kitchens (3 Units). Woodstock Apartments presents investors with an opportunity to acquire an asset in a desirable location, implement operational efficiencies and to capitalize on the below market rents, $296 and $180 for one (1) bedroom and Studio (0) units respectively.*
*Market Rents based on 12-month average rents for 1BR/1BA and 0BR/1BA apartments within 1.5-mile
radius of subject proper
SELLER CARRY OPTION AVAILABLE FOR QUALIFIED BUYERS. CONTACT LISTING BROKER FOR MORE INFO
Woodstock Apartments is a well-maintained, 7-unit apartment community comprised of six (6) one (1) bedroom and one (1) bathroom apartments and one (1) studio apartment. The one (1) bedroom apartments range in size f rom ~550 Square Feet to ~650 Square Feet and the studio apartment is ~500 Square Feet. Property amenities include off-street assigned parking and a coin-less laundry facility. Since acquiring the property the current ownership team have replaced all windows and updated all of the units. Recent updates include but are not limited to the following, Roof (2024), Siding (partial) 2024, Central Water Heater (2023), and Remodeled Kitchens (3 Units). Woodstock Apartments presents investors with an opportunity to acquire an asset in a desirable location, implement operational efficiencies and to capitalize on the below market rents, $296 and $180 for one (1) bedroom and Studio (0) units respectively.*
*Market Rents based on 12-month average rents for 1BR/1BA and 0BR/1BA apartments within 1.5-mile
radius of subject proper
SELLER CARRY OPTION AVAILABLE FOR QUALIFIED BUYERS. CONTACT LISTING BROKER FOR MORE INFO
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$98,520
|
$21.89
|
| Other Income |
$5,751
|
$1.28
|
| Vacancy Loss |
$4,926
|
$1.09
|
| Effective Gross Income |
$99,345
|
$22.08
|
| Taxes |
$8,506
|
$1.89
|
| Operating Expenses |
$29,975
|
$6.66
|
| Total Expenses |
$38,481
|
$8.55
|
| Net Operating Income |
$60,864
|
$13.53
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $98,520 |
| Annual Per SF | $21.89 |
| Other Income | |
|---|---|
| Annual | $5,751 |
| Annual Per SF | $1.28 |
| Vacancy Loss | |
|---|---|
| Annual | $4,926 |
| Annual Per SF | $1.09 |
| Effective Gross Income | |
|---|---|
| Annual | $99,345 |
| Annual Per SF | $22.08 |
| Taxes | |
|---|---|
| Annual | $8,506 |
| Annual Per SF | $1.89 |
| Operating Expenses | |
|---|---|
| Annual | $29,975 |
| Annual Per SF | $6.66 |
| Total Expenses | |
|---|---|
| Annual | $38,481 |
| Annual Per SF | $8.55 |
| Net Operating Income | |
|---|---|
| Annual | $60,864 |
| Annual Per SF | $13.53 |
PROPERTY FACTS
| Price | $975,000 | Building Class | C |
| Price Per Unit | $121,875 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 4,500 SF |
| Cap Rate | 6.15% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1894/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.56/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM 2 | ||
| Price | $975,000 |
| Price Per Unit | $121,875 |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 4,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1894/2023 |
| Parking Ratio | 1.56/1,000 SF |
| Zoning | RM 2 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Gas Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | $1,186 | 550 - 650 |
| Studios | 1 | $1,095 | 500 |
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | R312119 | Total Assessment | $340,510 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $8,506 ($1.89/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
R312119
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$340,510 (2025)
Annual Taxes
$8,506 ($1.89/SF)
Tax Year
2024
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7630 SE Woodstock Blvd
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