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Beverly Rose Terrace Apartments 1901-1943 SE 122nd Ave 42 Unit Apartment Building $7,690,355 CAD ($183,104 CAD/Unit) 6.38% Cap Rate Portland, OR 97233
Executive Summary
HFO is pleased to present Beverly Rose Terrace, a 42-unit multifamily community offering investors a compelling value-add opportunity in East Portland. The property provides a clear path to income stabilization through lease-up, mark-to-market rent growth, and operational improvements rather than significant capital investment. Comprised almost entirely of spacious two-bedroom apartment homes with in-unit washers and dryers, air conditioning, and assigned off-street parking, Beverly Rose Terrace is well positioned to attract and retain long-term residents. Located adjacent to the newly redeveloped Mill Park and within close proximity to Adventist Health Portland, Walla Walla University School of Nursing, and the East Portland Community Center, the property benefits from a strong employment base and abundant neighborhood amenities. Convenient access to US-26, I-205, TriMet transit, and nearby retail further enhances its appeal, making Beverly Rose Terrace an attractive opportunity to acquire a well-located asset with significant upside potential through disciplined asset management.
Property Facts
| Price | $7,690,355 CAD | Apartment Style | Garden |
| Price Per Unit | $183,104 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.94 AC |
| Cap Rate | 6.38% | Building Size | 35,700 SF |
| No. Units | 42 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1999 |
| Property Subtype | Apartment | Parking Ratio | 1.18/1,000 SF |
| Zoning | R1 | ||
| Price | $7,690,355 CAD |
| Price Per Unit | $183,104 CAD |
| Sale Type | Investment |
| Cap Rate | 6.38% |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.94 AC |
| Building Size | 35,700 SF |
| No. Stories | 3 |
| Year Built | 1999 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | R1 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
- Wheelchair Accessible (Rooms)
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 700 |
| 2+1 | 13 | - | 840 |
| 2+1.5 | 28 | - | 860 |
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Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | R145762 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $4,459,800 CAD |
Property Taxes
Parcel Number
R145762
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,459,800 CAD
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Beverly Rose Terrace Apartments | 1901-1943 SE 122nd Ave
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