Modern Condo in Hazelwood
For Sale
$135,000
10985 E Burnside ST #27, Portland, OR 97216
New construction condo in prime location with modern finishes.
Property Size384 SF
Days on Market441
Property Features for 10985 E Burnside ST #27
General Information
Standard status
Active
Size
384 SF
Property subtype
Condominium
Site & Location
Neighborhood
Hazelwood
Amenities
Mini Split
Dishwasher
Free-Standing Range
Stainless Steel Appliance
Flat
Building Details
Building Size
384 SF
Year Built
2024
Stories
1
Listing Agency:
Keller Williams Realty Portland Premiere
Listed By:
Darryl Bodle II · License #199910100
(503) 709-4632
Source:
Kw
Added: Aug 20, 2025
Changed: Oct 28
Last Checked: Nov 1 at 11:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Portland Premiere
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Investment Insights
Based on property information with market context.
This modern, new construction condo is located in the Hazelwood neighborhood. The property features tall ceilings, contemporary cabinetry, and air conditioning. The upper-level condo offers privacy and views, with abundant natural light. A full suite of appliances, including a fridge, washer/dryer, and window coverings, are included. The location has a 91 Bikescore, and is near Mall 205, Adventist Health, transit options, shopping, restaurants, parks, schools, and freeway access. The property is intended for residential use.
Key Highlights
- FHA financing available with 100% financing options (no money down).
- New construction condo with modern design and finishes.
- Move‑in ready with included appliances (fridge, washer/dryer) and window coverings (on full price offers closing by the end of September).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,931
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$98,620
$98.6K
Cap Rate 7%
$70,443
$70.4K
Cap Rate 9%
$54,789
$54.8K
Market Conditions
NOI Build-Up for 384 SF
Gross rent
$9.4K $24.60/SF
− Vacancy
−$482 −$1.25/SF
EGI
$9.0K $23.35/SF
− OpEx
−$4.0K −$10.51/SF
NOI
$4.9K $12.84/SF
Area
Portland, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$98,620
Cap Rate 7%
$70,443
Cap Rate 9%
$54,789
Alternative Uses
Best Use
Apartment 5plus
$70.4K
$61.6K – $82.2K
NOI $4,931 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$107.8K
$94.4K – $125.8K
NOI $7,549 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,401
Businesses Nearby
Explore this area
Business Placement
Demographics for 97216, OR
17,488
Population
7,235
Households
2.4
Avg Household Size
39
Median Age
33%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
6,995
Density / Sq Mi
$71,951
Median Household Income
$42,537
Median Earnings
$1,390
Median Rent
$439,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - New construction condo in prime location with modern finishes.
Where is this apartment building located?
The property is located at 10985 E Burnside ST #27 Portland, OR.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: FHA financing available with 100% financing options (no money down).; New construction condo with modern design and finishes.; Move‑in ready with included appliances (fridge, washer/dryer) and window coverings (on full price offers closing by the end of September).
