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The Forest Retreat 2615-2631 SE 111th Ave

20 Unit Apartment Building $4,961,145 CAD ($248,057 CAD/Unit) 6.01% Cap Rate Portland, OR 97266

Investment Highlights

  • Charming Mix of 1-Bedroom & 2-Bedroom, 1 Bath Units!
  • Located in SE Portland, OR; Close Proximity to Numerous Amenities;
  • Bike Score of 81: Considered "Very Bikeable"!
  • Units Include Off-Street Parking, Patio/Balcony, Carpet, Vinyl Flooring, & More;
  • Walk Score of 65: Considered "Somewhat Walkable";

Executive Summary

Great Well Kept Property; Don't Miss Out; Avg In-Place Rents of $1470, Plus Utilities Included. Very Easy Building to Manage!

Property Facts

Price $4,961,145 CAD
Price Per Unit $248,057 CAD
Sale Type Investment
Cap Rate 6.01%
No. Units 20
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.85 AC
Building Size 16,512 SF
No. Stories 2
Year Built 1968
Parking Ratio 1.21/1,000 SF

Unit Amenities

  • Balcony
  • Dishwasher
  • Heating
  • Kitchen
  • Oven
  • Range
  • Tub/Shower
  • Carpet

Site Amenities

  • Laundry Facilities
  • Walking/Biking Trails
  • Online Services
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 - 600
2+1 16 - 800
Bike Score ®
Very Bikeable (81)
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.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • R244331
  • R244330
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,433,474 CAD

zoning

Zoning Code R5A
R5A
  • Listing ID: 32733572

  • Date on Market: 2024-08-08

  • Last Updated:

  • Address: 2615-2631 SE 111th Ave, Portland, OR 97266

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