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Sellwood 4-Plex 8605 SE 11th Ave 4 Unit Apartment Building $995,000 ($248,750/Unit) 4.50% Cap Rate Portland, OR 97202
Investment Highlights
- Major system updates in 2017
- New roof and windows
- New plumbing and electrical
Executive Summary
Major renovation in 2017 to the studs. New plumbing, electrical, roof, windows, kitchens cabinets/counters, appliances, bathrooms, paint, flooring and fixtures. 4 one-bedroom units. Easy to keep the building full. The newer systems make it simple to own and manage.
Seller is retiring out of the area and doesn't want to manage from afar.
Seller is retiring out of the area and doesn't want to manage from afar.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $248,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 4.50% | Building Size | 2,150 SF |
| No. Units | 4 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1922/2017 |
| Zoning | R 2.5 - The R2.5 zone is a residential zone that allows a mix of housing types that are single dwelling in character. | ||
| Price | $995,000 |
| Price Per Unit | $248,750 |
| Sale Type | Investment |
| Cap Rate | 4.50% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,150 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 1922/2017 |
| Zoning | R 2.5 - The R2.5 zone is a residential zone that allows a mix of housing types that are single dwelling in character. |
Amenities
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walking/Biking Trails
- Bicycle Storage
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,495 | 350 - 650 |
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | R267052 | Total Assessment | $294,470 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
R267052
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$294,470 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Sellwood 4-Plex | 8605 SE 11th Ave
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