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344 SE 29th Ave 4 Unit Apartment Building $1,133,319 CAD ($283,330 CAD/Unit) 5.78% Cap Rate Portland, OR 97214
Investment Highlights
- Good nieghborhood
- Upside in rents
- Laundry Room
Executive Summary
Inspections upon agreed PSA
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$94,480
|
$31.92
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,724
|
$1.60
|
| Effective Gross Income |
$89,756
|
$30.32
|
| Taxes |
$12,300
|
$4.16
|
| Operating Expenses |
$11,951
|
$4.04
|
| Total Expenses |
$24,252
|
$8.19
|
| Net Operating Income |
$65,504
|
$22.13
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $94,480 |
| Annual Per SF | $31.92 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,724 |
| Annual Per SF | $1.60 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $89,756 |
| Annual Per SF | $30.32 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,300 |
| Annual Per SF | $4.16 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $11,951 |
| Annual Per SF | $4.04 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $24,252 |
| Annual Per SF | $8.19 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $65,504 |
| Annual Per SF | $22.13 |
Property Facts
| Price | $1,133,319 CAD | Apartment Style | Townhome |
| Price Per Unit | $283,330 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 5.78% | Building Size | 2,960 SF |
| Gross Rent Multiplier | 12 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1967/2019 |
| Property Subtype | Apartment | ||
| Zoning | R5 - Medium-High Density Residential | ||
| Price | $1,133,319 CAD |
| Price Per Unit | $283,330 CAD |
| Sale Type | Investment |
| Cap Rate | 5.78% |
| Gross Rent Multiplier | 12 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,960 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1967/2019 |
| Zoning | R5 - Medium-High Density Residential |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,964 CAD | 740 |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Number | R126055 | Total Assessment | $490,995 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $12,300 CAD ($4.16 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
R126055
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$490,995 CAD (2025)
Annual Taxes
$12,300 CAD ($4.16 CAD/SF)
Tax Year
2024
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Castagno Real Estate Inc
344 SE 29th Ave
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