6115 NE Multnomah St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
6115 NE Multnomah St
15 Unit Block of Flats £2,157,049 (£143,803/Unit) 6.56% Net Initial Yield Portland, OR 97213
Executive Summary
Bolster your investment portfolio with this phenomenal opportunity to own an exquisite, new construction 15-unit apartment complex from a quality local builder. Nestled near NEs hotspots, including the vibrant Hollywood district, charming Laurelhurst + Providence Medical, youll have everything you need at your doorstep with this sweet Rose City Park location! High-end finishes grace each space of these expertly crafted units which feature tall ceilings + an open concept floor plan bringing an abundance of natural light with designer tones + coveted covered patios / balcony spaces! These 1 bedroom units boast a spacious floor plan with room for a King bed while bathroom features a tub! Custom cabinetry, desirable stainless-steel appliances, stackable W/D + AC finish out the interior! Bike storage with electrical bike hookups + enclosed trash area round out a few other notable items plus 1-year builder warranty with peace of mind + 15-year new construction rent-control exemption!
Financial Summary (Pro forma - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£196,612
|
£14.57
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£53,807
|
£3.99
|
| Net Operating Income |
£142,806
|
£10.58
|
Financial Summary (Pro forma - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £196,612 |
| Annual Per SF | £14.57 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £53,807 |
| Annual Per SF | £3.99 |
| Net Operating Income | |
|---|---|
| Annual | £142,806 |
| Annual Per SF | £10.58 |
Property Facts
| Price | £2,157,049 | Property Subtype | Apartment |
| Price Per Unit | £143,803 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Net Initial Yield | 6.56% | Building Size | 13,497 SF |
| No. Units | 15 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 2023 |
| Price | £2,157,049 |
| Price Per Unit | £143,803 |
| Sale Type | Investment |
| Net Initial Yield | 6.56% |
| No. Units | 15 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 13,497 SF |
| Number of Floors | 3 |
| Year Built | 2023 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 15 | £1,059 | 500 |
1 of 1
Walk Score ®
Very Walkable (74)
Bike Score ®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | R279260 | Improvements Assessment | £0 |
| Land Assessment | £19,469 | Total Assessment | £19,469 |
PROPERTY TAXES
Parcel Number
R279260
Land Assessment
£19,469
Improvements Assessment
£0
Total Assessment
£19,469
zoning
| Zoning Code | RM2 |
| RM2 |
-
Darryl Bodle II -
Kelly Christian -
Keller Williams Realty, Portland Premiere
1 of 24
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
6115 NE Multnomah St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.