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Multnomah Village Townhomes 8102-8122 SW 31st Ave 6 Unit Apartment Building $1,140,000 ($190,000/Unit) 5.61% Cap Rate Portland, OR 97219
EXECUTIVE SUMMARY
Prime location in Multnomah Village – walkable to shops, restaurants, cafes, and community services.
Easy access to I-5, Barbur Blvd, and Capitol Hwy for quick commutes to downtown Portland and major employment centers. Close to Gabriel Park, SW Community Center, and several grocery stores including New Seasons and Fred Meyer.
Situated in a quiet, residential neighborhood with high tenant appeal and stable rental demand.
In-unit Washer and Dryer
Recent Capital Improvements include new roof, new electrical panels and new water heaters.
Home Energy Score = 4
Property owner is a licensed realtor in the State of Oregon
Easy access to I-5, Barbur Blvd, and Capitol Hwy for quick commutes to downtown Portland and major employment centers. Close to Gabriel Park, SW Community Center, and several grocery stores including New Seasons and Fred Meyer.
Situated in a quiet, residential neighborhood with high tenant appeal and stable rental demand.
In-unit Washer and Dryer
Recent Capital Improvements include new roof, new electrical panels and new water heaters.
Home Energy Score = 4
Property owner is a licensed realtor in the State of Oregon
PROPERTY FACTS Under Contract
| Price | $1,140,000 | Building Class | C |
| Price Per Unit | $190,000 | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 7,000 SF |
| Cap Rate | 5.61% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R2, Portland | ||
| Price | $1,140,000 |
| Price Per Unit | $190,000 |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 7,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R2, Portland |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Oven
- Range
- Tub/Shower
- Deck
SITE AMENITIES
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 4 | - | 1,100 |
| 3+1.5 | 2 | - | 1,300 |
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | R263362 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $645,130 |
PROPERTY TAXES
Parcel Number
R263362
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$645,130
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Multnomah Village Townhomes | 8102-8122 SW 31st Ave
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