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4435 SE Belmont St 12 Unit Apartment Building $2,343,338 CAD ($195,278 CAD/Unit) 6.28% Cap Rate Portland, OR 97215
EXECUTIVE SUMMARY
4435 SE Belmont presents a rare chance to acquire a 12-unit multifamily asset in the high-demand Sunnyside neighborhood of southeast Portland. Located along the thriving Belmont retail corridor, the property benefits from walkable amenities, excellent transit access, and consistent tenant demand.
The unit mix and property condition support stable cash flow with potential for rent growth through light value-add improvements. The property includes many updated units, new exterior paint, a new 70 year metal roof, and a dedicated parking lot.
With limited inventory in this core submarket, this offering is well-positioned for both long-term hold or repositioning strategies.
The unit mix and property condition support stable cash flow with potential for rent growth through light value-add improvements. The property includes many updated units, new exterior paint, a new 70 year metal roof, and a dedicated parking lot.
With limited inventory in this core submarket, this offering is well-positioned for both long-term hold or repositioning strategies.
PROPERTY FACTS
| Price | $2,343,338 CAD | Building Class | C |
| Price Per Unit | $195,278 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 8,952 SF |
| Cap Rate | 6.28% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1911 |
| Property Subtype | Apartment | Parking Ratio | 0.67/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | CM2 - Commercial Mixed Use Zoning | ||
| Price | $2,343,338 CAD |
| Price Per Unit | $195,278 CAD |
| Sale Type | Investment |
| Cap Rate | 6.28% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 8,952 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1911 |
| Parking Ratio | 0.67/1,000 SF |
| Zoning | CM2 - Commercial Mixed Use Zoning |
AMENITIES
UNIT AMENITIES
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Gas Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 11 | - | - |
Walk Score®
Very Walkable (88)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | R233406 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $837,684 CAD |
PROPERTY TAXES
Parcel Number
R233406
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$837,684 CAD
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4435 SE Belmont St
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