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2222-2224 NW Irving St. Portland, Oregon 2222 NW Irving St 6 Unit Apartment Building $2,498,697 CAD ($416,449 CAD/Unit) 6.02% Cap Rate Portland, OR 97210
INVESTMENT HIGHLIGHTS
- Desirable location steps to restaurants, cafes and shops
- Large 4 bedroom, 2 bath unit ideal for owner occupancy
- Charming vintage house that has been well-maintained
EXECUTIVE SUMMARY
Seller carry available with 20% down, 5.5% interest, 30 yr amort and 10 yr balloon. Excellent high-demand location and solid investment opportunity. Steps to vibrant NW 23rd in the heart of Portland's iconic Northwest Alphabet District. Spacious 4 bedroom / 2 bath unit is ideal for owner occupancy. Rare off-street parking with driveway that can accommodate 3 cars. Extensive improvements include plumbing, electric, hvac and seismic retrofit. Seller retiring; has owned for 25 years and occupied 2 different units for a total of 13 years. All units occupied, available for viewing upon accepted offer.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$185,434
|
$34.11
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$185,434
|
$34.11
|
| Taxes |
$14,217
|
$2.62
|
| Operating Expenses |
$20,681
|
$3.80
|
| Total Expenses |
$34,898
|
$6.42
|
| Net Operating Income |
$150,536
|
$27.69
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $185,434 |
| Annual Per SF | $34.11 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $185,434 |
| Annual Per SF | $34.11 |
| Taxes (CAD) | |
|---|---|
| Annual | $14,217 |
| Annual Per SF | $2.62 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $20,681 |
| Annual Per SF | $3.80 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $34,898 |
| Annual Per SF | $6.42 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $150,536 |
| Annual Per SF | $27.69 |
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Kitchen
- Lawn
- Porch
- Smoke Free
SITE AMENITIES
- Smoke Free
- Trash Pickup - Curbside
- Vintage Building
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+2 | 1 | $5,095 CAD | 1,756 |
| 1+1 | 2 | $2,363 CAD | 583 - 948 |
| Studios | 1 | $1,187 CAD | 200 |
1 1
Walk Score®
Walker's Paradise (97)
Bike Score®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | R198521 | Total Assessment | $553,398 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $14,217 CAD ($2.62 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
R198521
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$553,398 CAD (2025)
Annual Taxes
$14,217 CAD ($2.62 CAD/SF)
Tax Year
2024
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2222-2224 NW Irving St. Portland, Oregon | 2222 NW Irving St
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