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Enclave 54 5434 SE Milwaukie Ave 28 Unit Apartment Building $4,788,006 CAD ($171,000 CAD/Unit) Portland, OR 97202
INVESTMENT HIGHLIGHTS
- Core+, stabilized asset - 100% occupied
- 2025 maximum rents are set at 60% median family income (MFI) - $1,239/month
- 10-year property tax exemption through 2029/2030
EXECUTIVE SUMMARY
-City of Portland Affordability Requirements for Inclusionary Housing (MULTE)
-2025 Max Studio Rents allowable - $1,239/month
-Tenant income requirement of 60% of median family income (MFI)
-Efficiency style studios with full bathrooms, kitchenettes, and washer/dryer hookups (stackable)
-10 Year Property Tax Abatement through 2029/2030
-2020 Year Built: Strong basis play at $122,500/unit
-2025 Max Studio Rents allowable - $1,239/month
-Tenant income requirement of 60% of median family income (MFI)
-Efficiency style studios with full bathrooms, kitchenettes, and washer/dryer hookups (stackable)
-10 Year Property Tax Abatement through 2029/2030
-2020 Year Built: Strong basis play at $122,500/unit
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $4,788,006 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $171,000 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.09 AC |
| No. Units | 28 | Building Size | 7,053 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2020 |
| Zoning | RH | ||
| Price | $4,788,006 CAD |
| Price Per Unit | $171,000 CAD |
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 7,053 SF |
| No. Stories | 4 |
| Year Built | 2020 |
| Zoning | RH |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Microwave
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 28 | - | 186 - 259 |
1 1
Walk Score®
Very Walkable (72)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | R218485 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $329,158 CAD |
PROPERTY TAXES
Parcel Number
R218485
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$329,158 CAD
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Enclave 54 | 5434 SE Milwaukie Ave
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