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Cottages on 130th Ave 2305 SE 130th Ave

4 Unit Apartment Building $1,251,696 CAD ($312,924 CAD/Unit) 6.80% Cap Rate Portland, OR 97233

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Investment Highlights

Separately metered electric
Low maintenance
high demand

Low holding costs
Metal Roof
Single story easy access for majority of units

Executive Summary

Immaculate studs-out restoration in with high end finishes. Separately metered electric, metal roof, low maintenance landscaping, partially fenced yard with off-street parking. Great location near Starbucks, shopping, schools, and easy access to the I5 and transportation. Fully occupied. Do not disturb tenants. See attached documents for Rent comps, building diagram, zoning uses, etc

Walk Score com

RM1 zoning

Rent evaluation

Financial Summary (Pro forma - 2024)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$103,075	$35.62
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$103,075	$35.62
Taxes	$9,010	$3.11
Operating Expenses	$9,035	$3.12
Total Expenses	$18,045	$6.24
Net Operating Income	$85,031	$29.38

Financial Summary (Pro forma - 2024)

Gross Rental Income (CAD)
Annual	$103,075
Annual Per SF	$35.62

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$103,075
Annual Per SF	$35.62

Taxes (CAD)
Annual	$9,010
Annual Per SF	$3.11

Operating Expenses (CAD)
Annual	$9,035
Annual Per SF	$3.12

Total Expenses (CAD)
Annual	$18,045
Annual Per SF	$6.24

Net Operating Income (CAD)
Annual	$85,031
Annual Per SF	$29.38

Property Facts

Price	$1,251,696 CAD	Apartment Style	Low Rise
Price Per Unit	$312,924 CAD	Building Class	C
Sale Type	Investment	Building Size	2,894 SF
Cap Rate	6.80%	Average Occupancy	100%
Gross Rent Multiplier	8.2	No. Stories	2
No. Units	4	Year Built/Renovated	1927/2023
Property Type	Multifamily	Parking Ratio	2.76/1,000 SF
Property Subtype	Apartment

Price	$1,251,696 CAD
Price Per Unit	$312,924 CAD
Sale Type	Investment
Cap Rate	6.80%
Gross Rent Multiplier	8.2
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Building Size	2,894 SF
Average Occupancy	100%
No. Stories	2
Year Built/Renovated	1927/2023
Parking Ratio	2.76/1,000 SF

Unit Amenities

Air Conditioning
Dishwasher
Disposal
Washer/Dryer

Washer/Dryer Hookup
Heating
Refrigerator

Oven
Stainless Steel Appliances
Range

Carpet
Yard
Freezer

Site Amenities

Gated

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
1+1	8	$1,709 CAD	529 - 616
3+2	2	$3,263 CAD	1,208

1 of 1

Walk Score ®

Very Walkable (74)

Bike Score ®

Very Bikeable (80)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

zoning

Zoning Code	HR2/RM1 (Residential Multi dwelling zone is a low-scale multi-dwelling zone that is generally applied in locations intended to provide a transition in scale.)
HR2/RM1 (Residential Multi dwelling zone is a low-scale multi-dwelling zone that is generally applied in locations intended to provide a transition in scale.)