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4380 NE Going St - Going Street 6 Home Detached Cottage Offering 4 Unit Apartment Building Offered at $3,256,589 CAD at a 5.74% Cap Rate Portland, OR 97218



Investment Highlights
- Six newly constructed detached homes
- Four homes include dedicated off-street parking
- Private fenced outdoor spaces for every home
- 14 bedrooms across six residences
- Energy efficient mini-split heating and cooling
- Strong Northeast Portland rental location
Executive Summary
A rare opportunity to acquire six newly constructed detached homes within a thoughtfully designed cottage-style community in Northeast Portland. Located just blocks from Wilshire Park and near Beaumont-Wilshire, this portfolio offers a compelling blend of privacy, modern design, and long-term tenant appeal. The offering includes four 2-bedroom, 2.1-bath homes with ~835 square feet and two 3-bedroom, 2.1-bath homes with ~1,080 square feet. Each home is fully detached and features an open-concept great room, soaring ceilings, large picture windows, stainless steel appliances, solid surface countertops, custom cabinetry, tile backsplash, designer lighting, modern hardware, upper-level laundry, and energy efficient mini-splits for year round heating and cooling. Each home also includes private fenced outdoor yard space, adding usable outdoor living area and helping support tenant retention. Four of the six homes offered include a dedicated off street parking space. Residents benefit from close proximity to Wilshire Park, Beaumont Village, the Hollywood District, neighborhood cafés, restaurants, shops, transit access, and a 96 Bike Score. Brand new and move-in ready, this six-home portfolio offers rare detached-home rental inventory with modern finishes, efficient layouts, private yards, low-maintenance design, and highly marketable amenities in a desirable Northeast Portland location.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$249,542
|
$15.97
|
| Other Income |
$4,065
|
$0.26
|
| Vacancy Loss |
$8,734
|
$0.56
|
| Effective Gross Income |
$244,872
|
$15.67
|
| Taxes |
$35,823
|
$2.29
|
| Operating Expenses |
$22,237
|
$1.42
|
| Total Expenses |
$58,060
|
$3.71
|
| Net Operating Income |
$186,812
|
$11.95
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $249,542 |
| Annual Per SF | $15.97 |
| Other Income (CAD) | |
|---|---|
| Annual | $4,065 |
| Annual Per SF | $0.26 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $8,734 |
| Annual Per SF | $0.56 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $244,872 |
| Annual Per SF | $15.67 |
| Taxes (CAD) | |
|---|---|
| Annual | $35,823 |
| Annual Per SF | $2.29 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $22,237 |
| Annual Per SF | $1.42 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $58,060 |
| Annual Per SF | $3.71 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $186,812 |
| Annual Per SF | $11.95 |
Property Facts
| Price | $3,256,589 CAD | Lot Size | 0.22 AC |
| Price Per Unit | $814,147 CAD | Building Size | 5,500 SF |
| Sale Type | Investment | Average Occupancy | 0% |
| Cap Rate | 5.74% | No. Stories | 2 |
| No. Units | 4 | Year Built | 2025 |
| Property Type | Multifamily | Parking Ratio | 0.73/1,000 SF |
| Apartment Style | Single-Family Home | ||
| Zoning | R7 | ||
| Price | $3,256,589 CAD |
| Price Per Unit | $814,147 CAD |
| Sale Type | Investment |
| Cap Rate | 5.74% |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Lot Size | 0.22 AC |
| Building Size | 5,500 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 2025 |
| Parking Ratio | 0.73/1,000 SF |
| Zoning | R7 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Kitchen
- Stainless Steel Appliances
- Range
- Yard
- Double Pane Windows
- Lawn
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 2 | $3,771 CAD | 1,080 |
| 2+2.5 | 4 | $3,419 CAD | 835 |
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100
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4380 NE Going St - Going Street 6 Home Detached Cottage Offering
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