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10985 E Burnside St
Portland, OR 97216

Burnside Apartments · Residential Property For Sale · 29 Units

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Executive Summary

Stunning + modern new construction 29-unit apartment complex from a quality local builder! Trendy, studio floor plans showcase elevated designs + finishes with tall ceilings, SS appliances, W/D hookups, AC + indoor bike storage! Situated in the desirable Hazelwood neighborhood, the 91 Bikescore says it all with amazing proximity to Mall 205 + Adventist Health plus nearby transit, shopping, restaurants, multiple parks, schools and freeway access!

PROPERTY FACTS

Price Per Unit	£109,284	Apartment Style	Low Rise
Sale Type	Investment	Building Class	B
Net Initial Yield	7.41%	Lot Size	0.25 AC
Gross Rent Multiplier	11.55	Building Size	12,705 SF
No. Units	29	Number of Floors	3
Property Type	Residential	Year Built	2024
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price Per Unit	£109,284
Sale Type	Investment
Net Initial Yield	7.41%
Gross Rent Multiplier	11.55
No. Units	29
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	B
Lot Size	0.25 AC
Building Size	12,705 SF
Number of Floors	3
Year Built	2024
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

Air Conditioning

Washer/Dryer Hookup

Heating

Kitchen

Site Amenities

Bicycle Storage

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
Studios	29	£887.41	380 - 456

PROPERTY TAXES

Parcel Number	R319923	Improvements Assessment	£0
Land Assessment	£125,093	Total Assessment	£125,093

PROPERTY TAXES

Parcel Number

R319923

Land Assessment

£125,093

Improvements Assessment

£0

Total Assessment

£125,093

zoning

Zoning Code	RM1
RM1

Listing ID: 29049468
Date on Market: 19/07/2023
Last Updated:
Address: 10985 E Burnside St, Portland, OR 97216

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