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7831 SW 34th Ave 4 Unit Apartment Building $1,368,299 CAD ($342,075 CAD/Unit) 6.35% Cap Rate Portland, OR 97219
Investment Highlights
- Suberb location right in Multnomah Village
- Easy to fill units
- Amazing walkability
Executive Summary
Don't miss this amazing Multnomah Village investment opportunity! 4plex located right in the heart of Multnomah Village. Next door to Grand Central Bakery and mere steps to all the other shops and restaurants etc! 4 units in total, all the same size and layout with 2 bedroom and 1 bath. Brand new exterior paint throughout. With 3 units currently rented, perfect house hacking opportunity and live in the vacant unit or rent out all 4. Washer and Dryer in all 4 units
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$113,295
|
$34.29
|
| Other Income |
$4,187
|
$1.27
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$117,482
|
$35.56
|
| Taxes |
$15,677
|
$4.74
|
| Operating Expenses |
$13,590
|
$4.11
|
| Total Expenses |
$29,267
|
$8.86
|
| Net Operating Income |
$88,216
|
$26.70
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $113,295 |
| Annual Per SF | $34.29 |
| Other Income (CAD) | |
|---|---|
| Annual | $4,187 |
| Annual Per SF | $1.27 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $117,482 |
| Annual Per SF | $35.56 |
| Taxes (CAD) | |
|---|---|
| Annual | $15,677 |
| Annual Per SF | $4.74 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,590 |
| Annual Per SF | $4.11 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $29,267 |
| Annual Per SF | $8.86 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $88,216 |
| Annual Per SF | $26.70 |
Property Facts Under Contract
| Price | $1,368,299 CAD | Property Subtype | Apartment |
| Price Per Unit | $342,075 CAD | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.35% | Lot Size | 0.07 AC |
| Sale Condition | 1031 Exchange | Building Size | 3,304 SF |
| Gross Rent Multiplier | 12.4 | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1981 |
| Zoning | CM2 | ||
| Price | $1,368,299 CAD |
| Price Per Unit | $342,075 CAD |
| Sale Type | Investment |
| Cap Rate | 6.35% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.4 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 3,304 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1981 |
| Zoning | CM2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,531 CAD | - |
1 1
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Number | R238864 | Total Assessment | $592,830 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $15,677 CAD ($4.74 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
R238864
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$592,830 CAD (2025)
Annual Taxes
$15,677 CAD ($4.74 CAD/SF)
Tax Year
2024
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7831 SW 34th Ave
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