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Avary Apartments 6940 N Greenwich Ave 12 Unit Apartment Building $3,276,088 CAD ($273,007 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 |
$325,378
|
$34.61
|
| Other Income |
$12,826
|
$1.36
|
| Vacancy Loss |
$16,269
|
$1.73
|
| Effective Gross Income |
$321,935
|
$34.25
|
| Taxes |
$39,851
|
$4.24
|
| Operating Expenses |
$78,166
|
$8.32
|
| Total Expenses |
$118,017
|
$12.56
|
| Net Operating Income |
$203,918
|
$21.69
|
Financial Summary (Pro Forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $325,378 |
| Annual Per SF | $34.61 |
| Other Income (CAD) | |
|---|---|
| Annual | $12,826 |
| Annual Per SF | $1.36 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $16,269 |
| Annual Per SF | $1.73 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $321,935 |
| Annual Per SF | $34.25 |
| Taxes (CAD) | |
|---|---|
| Annual | $39,851 |
| Annual Per SF | $4.24 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $78,166 |
| Annual Per SF | $8.32 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $118,017 |
| Annual Per SF | $12.56 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $203,918 |
| Annual Per SF | $21.69 |
Property Facts
| Price | $3,276,088 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $273,007 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 | $3,276,088 CAD |
| Price Per Unit | $273,007 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 | $2,332 CAD | 636 |
| 1+1 | 10 | $2,084 CAD | 560 - 590 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | R155860 | Total Assessment | $1,596,069 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $39,851 CAD ($4.24 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
$1,596,069 CAD (2025)
Annual Taxes
$39,851 CAD ($4.24 CAD/SF)
Tax Year
2024
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Avary Apartments | 6940 N Greenwich Ave
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