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Investment Highlights

  • Major system updates in 2017
  • New roof and windows
  • New plumbing and electrical

Executive Summary

Major renovation in 2017 to the studs. New plumbing, electrical, roof, windows, kitchens cabinets/counters, appliances, bathrooms, paint, flooring and fixtures. 2 one-bedroom units and 2 studio units. Easy to keep the building full. The newer systems make it simple to manage.
Seller is retiring out of the area and doesn't want to manage from afar.

Financial Summary (Pro Forma - 2026) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro Forma - 2026) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,414,124 CAD
Price Per Unit $353,531 CAD
Sale Type Investment
Cap Rate 4.50%
No. Units 4
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Low-Rise
Lot Size 0.11 AC
Building Size 2,150 SF
Average Occupancy 75%
No. Stories 2
Year Built/Renovated 1922/2017
Zoning R 2.5 - The R2.5 zone is a residential zone that allows a mix of housing types that are single dwelling in character.

Amenities

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Trash Pickup - Curbside
  • Walking/Biking Trails
  • Bicycle Storage
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 2 $2,267 CAD 650
1+1 2 $1,983 CAD 350
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
R267052
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$418,510 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
  • Listing ID: 41097877

  • Date on Market: 2026-06-29

  • Last Updated:

  • Address: 8605 SE 11th Ave, Portland, OR 97202

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