6115 NE Multnomah St
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6115 NE Multnomah St
15 Unit Apartment Building $3,897,901 CAD ($259,860 CAD/Unit) 6.56% Cap Rate Portland, OR 97213
Executive Summary
Bolster your investment portfolio with this phenomenal opportunity to own an exquisite, new construction 15-unit apartment complex from a quality local builder. Nestled near NEs hotspots, including the vibrant Hollywood district, charming Laurelhurst + Providence Medical, youll have everything you need at your doorstep with this sweet Rose City Park location! High-end finishes grace each space of these expertly crafted units which feature tall ceilings + an open concept floor plan bringing an abundance of natural light with designer tones + coveted covered patios / balcony spaces! These 1 bedroom units boast a spacious floor plan with room for a King bed while bathroom features a tub! Custom cabinetry, desirable stainless-steel appliances, stackable W/D + AC finish out the interior! Bike storage with electrical bike hookups + enclosed trash area round out a few other notable items plus 1-year builder warranty with peace of mind + 15-year new construction rent-control exemption!
Financial Summary (Pro forma - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$355,289
|
$26.32
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$97,231
|
$7.20
|
| Net Operating Income |
$258,057
|
$19.12
|
Financial Summary (Pro forma - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $355,289 |
| Annual Per SF | $26.32 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $97,231 |
| Annual Per SF | $7.20 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $258,057 |
| Annual Per SF | $19.12 |
Property Facts
| Price | $3,897,901 CAD | Property Subtype | Apartment |
| Price Per Unit | $259,860 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 6.56% | Building Size | 13,497 SF |
| No. Units | 15 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2023 |
| Price | $3,897,901 CAD |
| Price Per Unit | $259,860 CAD |
| Sale Type | Investment |
| Cap Rate | 6.56% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 13,497 SF |
| No. Stories | 3 |
| Year Built | 2023 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | $1,914 CAD | 500 |
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Walk Score ®
Very Walkable (74)
Bike Score ®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | R279260 | Improvements Assessment | $0 CAD |
| Land Assessment | $34,801 CAD | Total Assessment | $34,801 CAD |
PROPERTY TAXES
Parcel Number
R279260
Land Assessment
$34,801 CAD
Improvements Assessment
$0 CAD
Total Assessment
$34,801 CAD
zoning
| Zoning Code | RM2 |
| RM2 |
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6115 NE Multnomah St
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