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Belmont 4 plex 903 SE 17th Ave 4 Unit Apartment Building $2,220,496 CAD ($555,124 CAD/Unit) 4.70% Cap Rate Portland, OR 97214
Investment Highlights
- Each unit is separately metered and therefore utilities are all paid by the Tenant.
- Spacious unit with all self contained amenities.
- Delightful balcony on 2nd floor unit.
Executive Summary
Architectural Masterpiece - 1909. Adjacent to Buckman park - Prime SE location. Additional 2,500 SF of land to the South.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$151,577
|
$23.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,579
|
$1.18
|
| Effective Gross Income |
$143,998
|
$22.35
|
| Taxes |
$18,670
|
$2.90
|
| Operating Expenses |
$20,794
|
$3.23
|
| Total Expenses |
$39,464
|
$6.12
|
| Net Operating Income |
$104,534
|
$16.22
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $151,577 |
| Annual Per SF | $23.52 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,579 |
| Annual Per SF | $1.18 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $143,998 |
| Annual Per SF | $22.35 |
| Taxes (CAD) | |
|---|---|
| Annual | $18,670 |
| Annual Per SF | $2.90 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $20,794 |
| Annual Per SF | $3.23 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $39,464 |
| Annual Per SF | $6.12 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $104,534 |
| Annual Per SF | $16.22 |
Property Facts
| Price | $2,220,496 CAD | Apartment Style | Garden |
| Price Per Unit | $555,124 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 4.70% | Building Size | 6,444 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1909 |
| Property Subtype | Apartment | ||
| Zoning | R 2.5 - Multi Family/ Duplex. There are 2 identical duplexes = total 4 Plex | ||
| Price | $2,220,496 CAD |
| Price Per Unit | $555,124 CAD |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 6,444 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1909 |
| Zoning | R 2.5 - Multi Family/ Duplex. There are 2 identical duplexes = total 4 Plex |
Amenities
- Smoke Detector
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Crown Molding
- Kitchen
- Hardwood Floors
- Vaulted Ceiling
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Yard
- Attic
- Basement
- Built-In Bookshelves
- Deck
- Dining Room
- Garden
- Smoke Free
- Window Coverings
- Large Bedrooms
Site Amenities
- Courtyard
- Fenced Lot
- Recycling
- Smoke Free
- Trash Pickup - Curbside
- Vintage Building
- Storage Space
- Public Transportation
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $3,046 CAD | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Numbers | Total Assessment | $873,034 CAD | |
| Land Assessment | $0 CAD | Annual Taxes | $18,670 CAD ($2.90 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$873,034 CAD
Annual Taxes
$18,670 CAD ($2.90 CAD/SF)
Tax Year
2025
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Ruggles Commercial Realty
Belmont 4 plex | 903 SE 17th Ave
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