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344 SE 29th Ave 4 Unit Apartment Building $1,122,421 CAD ($280,605 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 |
$93,572
|
$31.61
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,679
|
$1.58
|
| Effective Gross Income |
$88,893
|
$30.03
|
| Taxes |
$12,182
|
$4.12
|
| Operating Expenses |
$11,836
|
$4.00
|
| Total Expenses |
$24,018
|
$8.11
|
| Net Operating Income |
$64,875
|
$21.92
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $93,572 |
| Annual Per SF | $31.61 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,679 |
| Annual Per SF | $1.58 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $88,893 |
| Annual Per SF | $30.03 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,182 |
| Annual Per SF | $4.12 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $11,836 |
| Annual Per SF | $4.00 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $24,018 |
| Annual Per SF | $8.11 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $64,875 |
| Annual Per SF | $21.92 |
Property Facts
| Price | $1,122,421 CAD | Apartment Style | Townhome |
| Price Per Unit | $280,605 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 | $1,122,421 CAD |
| Price Per Unit | $280,605 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 | $1,946 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 | $487,729 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $12,182 CAD ($4.12 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
$487,729 CAD (2025)
Annual Taxes
$12,182 CAD ($4.12 CAD/SF)
Tax Year
2024
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Castagno Real Estate Inc
344 SE 29th Ave
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