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1035 SE 14th Ave 6 Unit Apartment Building $1,319,366 CAD ($219,894 CAD/Unit) 6.51% Cap Rate Portland, OR 97214

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Executive Summary

Charming, fully restored 6-unit building in Portland's Buckman neighborhood, between the popular Belmont and Hawthorne shops and restaurants. Walk Score 96 (Walker's Paradise) & Bike Score 97 (Biker's Paradise). 2018 studs-out remodel included electrical wiring and panels, water lines, water heaters, doors, bathrooms, common area, washer/dryer/storage room, and kitchens with new cabinets, quartz countertops, and stainless appliances. New roof in 2020; common-area windows in 2021. Unit mix: three 1BD/1BA, one 2BD/1BA, and two upstairs studios sharing one bath — currently 100% occupied. A prime close-in investment opportunity to acquire a turn-key, well-performing asset in one of Portland's strongest submarkets. Current gross monthly income: $8,015 base rent + $75 pet rent, with 2025 utility reimbursements averaging ~$536/month.

OM TheCarolyn_final_comp-compressed

Financial Summary (Actual - 2025)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$134,967	$47.79
Other Income	$10,198	$3.61
Vacancy Loss	$4,048	$1.43
Effective Gross Income	$141,117	$49.97
Taxes	$16,769	$5.94
Operating Expenses	$38,455	$13.62
Total Expenses	$55,224	$19.56
Net Operating Income	$85,892	$30.42

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual	$134,967
Annual Per SF	$47.79

Other Income (CAD)
Annual	$10,198
Annual Per SF	$3.61

Vacancy Loss (CAD)
Annual	$4,048
Annual Per SF	$1.43

Effective Gross Income (CAD)
Annual	$141,117
Annual Per SF	$49.97

Taxes (CAD)
Annual	$16,769
Annual Per SF	$5.94

Operating Expenses (CAD)
Annual	$38,455
Annual Per SF	$13.62

Total Expenses (CAD)
Annual	$55,224
Annual Per SF	$19.56

Net Operating Income (CAD)
Annual	$85,892
Annual Per SF	$30.42

Property Facts

Price	$1,319,366 CAD	Apartment Style	Low-Rise
Price Per Unit	$219,894 CAD	Building Class	C
Sale Type	Investment	Lot Size	0.06 AC
Cap Rate	6.51%	Building Size	2,824 SF
Sale Condition	1031 Exchange	Average Occupancy	100%
No. Units	6	No. Stories	3
Property Type	Multifamily	Year Built/Renovated	1908/2018
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RM2

Price	$1,319,366 CAD
Price Per Unit	$219,894 CAD
Sale Type	Investment
Cap Rate	6.51%
Sale Condition	1031 Exchange
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.06 AC
Building Size	2,824 SF
Average Occupancy	100%
No. Stories	3
Year Built/Renovated	1908/2018
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RM2