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8107 NE Failing St 5 Unit Apartment Building $675,000 ($135,000/Unit) Portland, OR 97213
Investment Highlights
- Projected gross income of $72,540
- Bids due June 3, 2026
- Income producing asset with stable occupany
Executive Summary
Still available! Located at the corner of NE Failing and NE 81st, this fully leased fiveplex was extensively remodeled in 2019 following a fire. The property includes four one-bedroom, one-bath units and one two-bedroom, one-bath unit. Projected 2026 gross income is $72,540, with real estate taxes of $7,724. The landlord covers water, sewer, trash, and landscaping. All tenants are on month-to-month leases with tenures ranging from three to four years. This property offers a well-maintained, income-producing asset with stable occupancy in a convenient Northeast Portland location. Could be purchased with five plex on same street to create ten-unit portfolio with projected combined income of $134,600.
Property Facts
| Price | $675,000 | Building Class | C |
| Price Per Unit | $135,000 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 2,976 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1959/2019 |
| Apartment Style | Garden | Parking Ratio | 0.84/1,000 SF |
| Zoning | RM1 - Residential Multi-Dwelling | ||
| Price | $675,000 |
| Price Per Unit | $135,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,976 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1959/2019 |
| Parking Ratio | 0.84/1,000 SF |
| Zoning | RM1 - Residential Multi-Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,228 | - |
| 2+1 | 1 | $1,130 | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R300320 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $286,660 |
Property Taxes
Parcel Number
R300320
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$286,660
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8107 NE Failing St