7831 SW 34th Ave 4 Unit Apartment Building $1,065,000 ($266,250/Unit) 5.96% Cap Rate Portland, OR 97219
INVESTMENT HIGHLIGHTS
- Suberb location right in Multnomah Village
- Easy to fill units
- Amazing walkability
EXECUTIVE SUMMARY
Don't miss this amazing Multnomah Village investment opportunity! 4plex located right in the heart of Multnomah Village. Next door to Grand Central Bakery and mere steps to all the other shops and restaurants etc! 4 units in total, all the same size and layout with 2 bedroom and 1 bath. Brand new exterior paint throughout. With 3 units currently rented, perfect house hacking opportunity and live in the vacant unit or rent out all 4. Washer and Dryer in all 4 units
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$82,800
|
$25.06
|
| Other Income |
$3,060
|
$0.93
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$85,860
|
$25.99
|
| Taxes |
$11,457
|
$3.47
|
| Operating Expenses |
$9,932
|
$3.01
|
| Total Expenses |
$21,389
|
$6.47
|
| Net Operating Income |
$64,471
|
$19.51
|
PROPERTY FACTS
| Price | $1,065,000 |
| Price Per Unit | $266,250 |
| Sale Type | Investment |
| Cap Rate | 5.96% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.4 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Size | 3,304 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1981 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $1,850 | - |
1 of 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (70)
