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Zavier Apartments 7122 N Greenwich Ave 12 Unit Apartment Building £1,776,840 (£148,070/Unit) 5.21% Net Initial Yield Portland, OR 97217
INVESTMENT HIGHLIGHTS
- Quality construction with large, 2-bedroom 1.5 bath units and 1 bedroom units
- In-unit laundry
- Brick facade with Pella windows
- Stainless steel kitchen appliances
EXECUTIVE SUMMARY
Quality construction twelve unit with six large, 2-bedroom 1.5 bath Townhouse style units and six 1-bedroom units with separate entrances.
Quartz countertops, stainless appliances, in-unit laundry, bike storage LVP flooring and tiled showers/backsplashes.
Separate trash and recycling area.
Close 1/2 a block from the Max line or bus stop.
Close to Fred Meyer and New Seasons.
Easy I-5 access from Rosa Parks Way.
**Sellers are licensed real estate brokers in Oregon and Montana.
Quartz countertops, stainless appliances, in-unit laundry, bike storage LVP flooring and tiled showers/backsplashes.
Separate trash and recycling area.
Close 1/2 a block from the Max line or bus stop.
Close to Fred Meyer and New Seasons.
Easy I-5 access from Rosa Parks Way.
**Sellers are licensed real estate brokers in Oregon and Montana.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
£180,705
|
£19.52
|
| Other Income |
£1,481
|
£0.16
|
| Vacancy Loss |
£9,035
|
£0.98
|
| Effective Gross Income |
£173,150
|
£18.71
|
| Taxes |
£21,470
|
£2.32
|
| Operating Expenses |
£42,489
|
£4.59
|
| Total Expenses |
£63,959
|
£6.91
|
| Net Operating Income |
£109,191
|
£11.80
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £180,705 |
| Annual Per sq ft | £19.52 |
| Other Income | |
|---|---|
| Annual | £1,481 |
| Annual Per sq ft | £0.16 |
| Vacancy Loss | |
|---|---|
| Annual | £9,035 |
| Annual Per sq ft | £0.98 |
| Effective Gross Income | |
|---|---|
| Annual | £173,150 |
| Annual Per sq ft | £18.71 |
| Taxes | |
|---|---|
| Annual | £21,470 |
| Annual Per sq ft | £2.32 |
| Operating Expenses | |
|---|---|
| Annual | £42,489 |
| Annual Per sq ft | £4.59 |
| Total Expenses | |
|---|---|
| Annual | £63,959 |
| Annual Per sq ft | £6.91 |
| Net Operating Income | |
|---|---|
| Annual | £109,191 |
| Annual Per sq ft | £11.80 |
PROPERTY FACTS Under Offer
| Price | £1,776,840 | Apartment Style | Low-Rise |
| Price Per Unit | £148,070 | Costar Property Class | C |
| Sale Type | Investment | Total Plot Size | 0.11 ac |
| Yield | 5.21% | Property Size | 9,256 sq ft |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 12 | No. Floors | 3 |
| Property Type | Build-to-Rent | Year Built | 2020 |
| Property Subtype | Apartment | ||
| Use Class | EX - Multi Family | ||
| Price | £1,776,840 |
| Price Per Unit | £148,070 |
| Sale Type | Investment |
| Yield | 5.21% |
| Sale Condition | 1031 Exchange |
| No. Units | 12 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.11 ac |
| Property Size | 9,256 sq ft |
| Average Occupancy | 100% |
| No. Floors | 3 |
| Year Built | 2020 |
| Use Class | EX - Multi Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Refrigerator
- Range
- Double Pane Windows
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Recycling
- Smoke Free
- Rubbish Collection - Kerbside
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 6 | £1,033 | 496 - 527 |
| 2+1.5 | 6 | £1,366 | 900 - 990 |
1 1
Walk Score®
Easily Walkable (83)
Bike Score®
Ideal For Cyclists (99)
PROPERTY TAXES
| Parcel Number | R214120 | Total Assessment | £879,291 (2025) |
| Land Assessment | £0 (2025) | Annual Taxes | £21,470 (£2.32/sq ft) |
| Improvements Assessment | £0 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
R214120
Land Assessment
£0 (2025)
Improvements Assessment
£0 (2025)
Total Assessment
£879,291 (2025)
Annual Taxes
£21,470 (£2.32/sq ft)
Tax Year
2024
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Zavier Apartments | 7122 N Greenwich Ave
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