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344 SE 29th Ave 4 Unit Apartment Building $1,141,297 CAD ($285,324 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 |
$95,145
|
$32.14
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,757
|
$1.61
|
| Effective Gross Income |
$90,388
|
$30.54
|
| Taxes |
$12,387
|
$4.18
|
| Operating Expenses |
$12,035
|
$4.07
|
| Total Expenses |
$24,422
|
$8.25
|
| Net Operating Income |
$65,966
|
$22.29
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $95,145 |
| Annual Per SF | $32.14 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,757 |
| Annual Per SF | $1.61 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $90,388 |
| Annual Per SF | $30.54 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,387 |
| Annual Per SF | $4.18 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $12,035 |
| Annual Per SF | $4.07 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $24,422 |
| Annual Per SF | $8.25 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $65,966 |
| Annual Per SF | $22.29 |
PROPERTY FACTS
| Price | $1,141,297 CAD | Apartment Style | Townhome |
| Price Per Unit | $285,324 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 | ||
| Price | $1,141,297 CAD |
| Price Per Unit | $285,324 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 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $1,978 CAD | 740 |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | R126055 | Total Assessment | $495,612 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $12,387 CAD ($4.18 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
$495,612 CAD (2025)
Annual Taxes
$12,387 CAD ($4.18 CAD/SF)
Tax Year
2024
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Presented by
Castagno Real Estate Inc
344 SE 29th Ave
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