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1626-1646 SE Ash St 10 Unit Apartment Building $3,939,840 CAD ($393,984 CAD/Unit) 5.06% Cap Rate Portland, OR 97214
Investment Highlights
- Location - Highly desirable inner SE PDX corner lot
- Big open rooms
- Condition - Newer roof, exterior siding and exterior paint
Executive Summary
Prime investment opportunity, close-in SE Portland quarter acre corner lot, Newer roof, siding and exterior paint. Off street parking, Shared laundry and tenant storage.
Data Room Click Here to Access
Financial Summary (Actual - 2025) 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 - 2025) 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 | $3,939,840 CAD | Building Class | C |
| Price Per Unit | $393,984 CAD | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 9,120 SF |
| Cap Rate | 5.06% | Average Occupancy | 90% |
| Gross Rent Multiplier | 14.02 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1973 |
| Property Type | Multifamily | Parking Ratio | 0.55/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R25 | ||
| Price | $3,939,840 CAD |
| Price Per Unit | $393,984 CAD |
| Sale Type | Investment |
| Cap Rate | 5.06% |
| Gross Rent Multiplier | 14.02 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 9,120 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 0.55/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R25 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | $2,523 CAD | 912 |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | R225703 | Total Assessment | $903,758 CAD |
| Land Assessment | $0 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
R225703
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$903,758 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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1626-1646 SE Ash St
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