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6845 N Montana Ave

12 Unit Apartment Building $4,500,339 CAD ($375,028 CAD/Unit) 5.15% Cap Rate Portland, OR 97217

Executive Summary

Two exquisite, modern NEW 6-unit apartment complexes from quality local builder with 1 bed + 2 bed units in vibrant Arbor Lodge! Thoughtfully designed + flooding with light this impeccable open concept plex boasts high-end features, tall ceilings + neutral designer tones! Quality can be seen with a custom kitchen featuring gorgeous tilework, slab counters, SS appliances, expansive windows + doors out to a privately fenced backyard with patio! Bolster your investment portfolio with amazing quality + peace of mind + 1-year Builder Warranty! Phenomenal 92Bikescore, just blocks to restaurants, parks, shops + transit!

Financial Summary (Pro forma - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income $303,360 $36.73
Taxes - -
Operating Expenses - -
Total Expenses $71,624 $8.67
Net Operating Income $231,737 $28.06

Financial Summary (Pro forma - 2024)

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 $303,360
Annual Per SF $36.73
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $71,624
Annual Per SF $8.67
Net Operating Income (CAD)
Annual $231,737
Annual Per SF $28.06

Property Facts

Price $4,500,339 CAD
Price Per Unit $375,028 CAD
Sale Type Investment
Cap Rate 5.15%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Building Class B
Lot Size 0.17 AC
Building Size 7,548 SF
No. Stories 2
Year Built 2023

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 8 $1,899 CAD 500 - 506
2+1.5 4 $2,496 CAD 851 - 911
Walk Score ®
Very Walkable (79)
Bike Score ®
Biker's Paradise (92)
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 Number
R171819
Land Assessment
$0 CAD (2023)
Improvements Assessment
$0 CAD (2023)
Total Assessment
$418,967 CAD (2023)

zoning

Zoning Code RM3
RM3
  • Listing ID: 33126206

  • Date on Market: 2024-09-10

  • Last Updated:

  • Address: 6845 N Montana Ave, Portland, OR 97217

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