Modern 6-Unit Apartment
7070 North Montana Avenue Portland, OR 97217
7070 North Montana Avenue, Portland, OR, 97217
$2,170,000
For Sale
$2,170,000
Built in 2019, this 6-unit building features in-unit washer/dryer, tankless water heating, and secured entry with patios or decks.
Property Size6,792 SF
Price / SF$319.49
Days on Market515
Property Features for 7070 North Montana Avenue
General Information
- Standard status
- Active
- Size
- 6,792 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2019
Listing agency
Keller Williams Sunset Corridor
(503) 481-6252
Listed by
Taya Mower · License #200709135
(503) 481-6252
Source
Compass
Added: Feb 22, 2025 Updated: Jul 21 at 12:20PM Checked: Jul 21 at 12:20PM
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 Sunset Corridor
Investment Insights
Based on property information with market context.
This modern 6-unit apartment building was built in 2019 and is presented as fully occupied. Each unit includes energy-efficient features and appliances, with washer and dryer in every unit, built-in dishwashers and microwaves, and a Navien tankless water heater. Heating and cooling are supported by Daikin mini-split systems, and units are described as having luxury finishes including quartz and marble elements, plus luxury vinyl plank flooring. The property includes secure front door and gate entries, and one unit is listed as ADA-compliant. Second and third floor units have attached decks, while the ground level units #101 and #102 offer front patios and backyard space.
The property is located at 7070 North Montana Avenue in Portland, near transit access including the MAX Yellow Line and major routes. The area is described as close to University of Portland, Adidas headquarters, Peninsula Park, Kenton District, and nearby retail and grocery options.
As a residential income property, it offers a mix of outdoor spaces across multiple levels, with secured access and in-unit laundry as key operational characteristics.
The property is located at 7070 North Montana Avenue in Portland, near transit access including the MAX Yellow Line and major routes. The area is described as close to University of Portland, Adidas headquarters, Peninsula Park, Kenton District, and nearby retail and grocery options.
As a residential income property, it offers a mix of outdoor spaces across multiple levels, with secured access and in-unit laundry as key operational characteristics.
Key Highlights
- Built in 2019: modern 6‑unit investment property
- Each unit includes a washer/dryer, plus built‑in dishwashers and microwaves
- Navien tankless water heater and Daikin mini‑split heat & AC
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $167.1k | $24.60 |
| − Vacancy | −$8.5k | −$1.25 |
| EGI | $158.6k | $23.35 |
| − OpEx | −$71.4k | −$10.51 |
| NOI | $87.2k | $12.84 |
6,792 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.09M – $1.45M
NOI $87,209 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,515 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Built in 2019, this 6-unit building features in-unit washer/dryer, tankless water heating, and secured entry with patios or decks.
Where is this apartment building located?
The property is located at 7070 North Montana Avenue Portland, OR.
What is the asking price?
The asking price for this property is $2,170,000.
What are key features of this property?
This property features: Built in 2019: modern 6‑unit investment property; Each unit includes a washer/dryer, plus built‑in dishwashers and microwaves; Navien tankless water heater and Daikin mini‑split heat & AC
