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2610-2618 NE Clackamas St 5 Unit Apartment Building $1,250,991 CAD ($250,198 CAD/Unit) 6.57% Cap Rate Portland, OR 97232
INVESTMENT HIGHLIGHTS
- Quiet, tree-lined street
- Off street parking
- Updated units
- Large units
- Easy access to public transportation
- Professionally managed
EXECUTIVE SUMMARY
Private financing available! $500K down and the balance of $400K at 5.5% for 5 years. Fantastic close in NE location! Large units with many recent interior updates. Off street parking. Upside in rents!
FINANCIAL SUMMARY (PRO FORMA - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$123,362
|
$31.42
|
| Other Income |
$7,923
|
$2.02
|
| Vacancy Loss |
$3,513
|
$0.89
|
| Effective Gross Income |
$127,772
|
$32.55
|
| Taxes |
$15,985
|
$4.07
|
| Operating Expenses |
$29,551
|
$7.53
|
| Total Expenses |
$45,536
|
$11.60
|
| Net Operating Income |
$82,236
|
$20.95
|
FINANCIAL SUMMARY (PRO FORMA - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $123,362 |
| Annual Per SF | $31.42 |
| Other Income (CAD) | |
|---|---|
| Annual | $7,923 |
| Annual Per SF | $2.02 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,513 |
| Annual Per SF | $0.89 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $127,772 |
| Annual Per SF | $32.55 |
| Taxes (CAD) | |
|---|---|
| Annual | $15,985 |
| Annual Per SF | $4.07 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $29,551 |
| Annual Per SF | $7.53 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $45,536 |
| Annual Per SF | $11.60 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $82,236 |
| Annual Per SF | $20.95 |
PROPERTY FACTS Under Contract
| Price | $1,250,991 CAD | Apartment Style | Garden |
| Price Per Unit | $250,198 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.57% | Building Size | 3,926 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 2.55/1,000 SF |
| Zoning | R2.5 | ||
| Price | $1,250,991 CAD |
| Price Per Unit | $250,198 CAD |
| Sale Type | Investment |
| Cap Rate | 6.57% |
| Sale Condition | 1031 Exchange |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,926 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 2.55/1,000 SF |
| Zoning | R2.5 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Fireplace
- Hardwood Floors
- Refrigerator
- Range
- Carpet
- Double Pane Windows
SITE AMENITIES
- Laundry Facilities
- Pet Play Area
- Recycling
- Smoke Free
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,946 CAD | 540 |
| 4+2 | 1 | $3,263 CAD | 1,292 |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | R182047 | Total Assessment | $651,338 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $15,985 CAD ($4.07 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
R182047
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$651,338 CAD (2025)
Annual Taxes
$15,985 CAD ($4.07 CAD/SF)
Tax Year
2023
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2610-2618 NE Clackamas St
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