2609-2619 SE Stark St
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2609-2619 SE Stark St
5 Unit Apartment Building $1,552,225 CAD ($310,445 CAD/Unit) 4.99% Cap Rate Portland, OR 97214
Investment Highlights
- New Roof 2023
- 91 walk score & 93 bike score
- Location close to Restaurants and Bars
Executive Summary
Discover this exceptional 5-plex, ideally situated in a vibrant neighborhood with a walk score of 91 and a bike score of 93, offering unparalleled convenience to restaurants, bars, and local amenities. This sought-after location ensures near-zero vacancy rates and a steady demand for rental units. The roof was professionally replaced in 2021, ensuring durability and minimal maintenance for years to come. With ample room for rental increases, this property offers significant potential for increased revenue. Tenants will enjoy the convenience of a coin-operated laundry facility and ample parking. The building is in excellent condition, ready to provide reliable rental income. Whether you're an experienced investor or looking to diversify your portfolio, this 5-plex represents a fantastic opportunity in a highly desirable location. Don’t miss out on this rare find!
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,552,225 CAD | Apartment Style | Low Rise |
| Price Per Unit | $310,445 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 4.99% | Building Size | 3,305 SF |
| Gross Rent Multiplier | 13.5 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 1.51/1,000 SF |
| Price | $1,552,225 CAD |
| Price Per Unit | $310,445 CAD |
| Sale Type | Investment |
| Cap Rate | 4.99% |
| Gross Rent Multiplier | 13.5 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,305 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.51/1,000 SF |
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
- Family Room
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,715 CAD | 650 |
| 2+1 | 2 | $2,166 CAD | 800 |
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | R244736 | Total Assessment | $473,512 CAD |
| Land Assessment | $0 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
R244736
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$473,512 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | R25 |
| R25 |
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2609-2619 SE Stark St
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