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Avary Apartments 6940 N Greenwich Ave 12 Unit Apartment Building $3,280,412 CAD ($273,368 CAD/Unit) 5.07% Cap Rate Portland, OR 97217
INVESTMENT HIGHLIGHTS
- High Quality Finishes
- Stainless Steel Appliances
- Large windows
- In-unit Laundry
- Brick Exterior
- Close to Fred Meyer and New Seasons
EXECUTIVE SUMMARY
Quality new construction with large units!
Two 2-bedroom 1 bath units
Ten 1-bedroom 1 bath units
In-unit laundry
Stainless Steel appliances
Quartz countertops
Bike storage
Separate trash and recycling center
Heat and AC via PTAC units
Close to the Max line and easy access to Interstate 5
**Sellers are licensed brokers in Oregon and Montana
Two 2-bedroom 1 bath units
Ten 1-bedroom 1 bath units
In-unit laundry
Stainless Steel appliances
Quartz countertops
Bike storage
Separate trash and recycling center
Heat and AC via PTAC units
Close to the Max line and easy access to Interstate 5
**Sellers are licensed brokers in Oregon and Montana
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$325,808
|
$34.66
|
| Other Income |
$12,842
|
$1.37
|
| Vacancy Loss |
$16,290
|
$1.73
|
| Effective Gross Income |
$322,360
|
$34.29
|
| Taxes |
$39,904
|
$4.25
|
| Operating Expenses |
$78,269
|
$8.33
|
| Total Expenses |
$118,173
|
$12.57
|
| Net Operating Income |
$204,187
|
$21.72
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $325,808 |
| Annual Per SF | $34.66 |
| Other Income (CAD) | |
|---|---|
| Annual | $12,842 |
| Annual Per SF | $1.37 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $16,290 |
| Annual Per SF | $1.73 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $322,360 |
| Annual Per SF | $34.29 |
| Taxes (CAD) | |
|---|---|
| Annual | $39,904 |
| Annual Per SF | $4.25 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $78,269 |
| Annual Per SF | $8.33 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $118,173 |
| Annual Per SF | $12.57 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $204,187 |
| Annual Per SF | $21.72 |
PROPERTY FACTS
| Price | $3,280,412 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $273,368 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.07% | Building Size | 9,400 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | ||
| Zoning | R5 - Multi Family | ||
| Price | $3,280,412 CAD |
| Price Per Unit | $273,368 CAD |
| Sale Type | Investment |
| Cap Rate | 5.07% |
| Sale Condition | 1031 Exchange |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 9,400 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2021 |
| Zoning | R5 - Multi Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Double Pane Windows
- Smoke Free
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Recycling
- Smoke Free
- Trash Pickup - Curbside
- Bicycle Storage
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $2,335 CAD | 636 |
| 1+1 | 10 | $2,087 CAD | 560 - 590 |
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Number | R155860 | Total Assessment | $1,591,958 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $39,904 CAD ($4.25 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
R155860
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$1,591,958 CAD (2025)
Annual Taxes
$39,904 CAD ($4.25 CAD/SF)
Tax Year
2024
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Avary Apartments | 6940 N Greenwich Ave
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