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2047 SE Huckleberry Ave 4 Unit Apartment Building $1,084,652 CAD ($271,163 CAD/Unit) 6.01% Cap Rate Warrenton, OR 97146
Executive Summary
High performing well maintained fourplex in Warrenton with very low history of vacancies. An Ideal home base for commuting between Astoria, Seaside and Cannon Beach in a sought after walkable neighborhood near the school and all the amenities of Warrenton including restaurants, Costco, Walmart and Home Depot. There is another fourplex next door for sale by the same owner under a separate listing. Double up and buy both! A dynamite location just minutes from the beach with a proven rental track record and upside potential to increase rents is a winning formula for immediate cash flow and successful long term appreciation. Do not be surprised when these solid income producing properties outperform other investments in your portfolio!
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$85,489
|
$23.18
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$85,489
|
$23.18
|
| Taxes |
$8,342
|
$2.26
|
| Operating Expenses |
$14,010
|
$3.80
|
| Total Expenses |
$22,352
|
$6.06
|
| Net Operating Income |
$63,137
|
$17.12
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $85,489 |
| Annual Per SF | $23.18 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $85,489 |
| Annual Per SF | $23.18 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,342 |
| Annual Per SF | $2.26 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $14,010 |
| Annual Per SF | $3.80 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $22,352 |
| Annual Per SF | $6.06 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $63,137 |
| Annual Per SF | $17.12 |
Property Facts
| Price | $1,084,652 CAD | Property Subtype | Apartment |
| Price Per Unit | $271,163 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 6.01% | Building Size | 3,688 SF |
| Gross Rent Multiplier | 12.38 | No. Stories | 2 |
| No. Units | 4 | Year Built | 2011 |
| Property Type | Multifamily | ||
| Zoning | RH - High Density Residential | ||
| Price | $1,084,652 CAD |
| Price Per Unit | $271,163 CAD |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| Gross Rent Multiplier | 12.38 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 3,688 SF |
| No. Stories | 2 |
| Year Built | 2011 |
| Zoning | RH - High Density Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 922 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 57123 | Total Assessment | $628,167 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $8,342 CAD ($2.26 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
57123
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$628,167 CAD
Annual Taxes
$8,342 CAD ($2.26 CAD/SF)
Tax Year
2025
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2047 SE Huckleberry Ave
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