Remodeled Sixplex Apartment
1403 SE 25th Ave Portland, OR 97214
For Sale
Contact for pricing
Six-unit multifamily property with remodeled apartments and a stabilized rent roll under a long-term hands-on owner.
Property Size4,050 SF
Price / SF$413.58
Days on Market121
Property Features for 1403 SE 25th Ave
General Information
- Standard status
- Active
- Size
- 4,050 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1927
Listing Agency:
Inhabit Real Estate.
(503) 762-7958
Listed By:
Eric Hagstette · License #200409215
Source:
Crexi
Added: Mar 25
Changed: Jul 21
Last Checked: Jul 23 at 1:01PM
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 Inhabit Real Estate.
Investment Insights
Based on property information with market context.
This for-sale sixplex apartment building at 1403 SE 25th Ave features multiple remodeled units and a stabilized rent roll. Public remarks indicate the property has been thoughtfully maintained by a long-time, hands-on owner, and the apartments have been updated with renovated finishes intended to support long-term value.
The building is described as architecturally elegant and full of character, with outdoor spaces that add to the overall living environment. The property is located in Portland’s Buckman area, and the remarks note proximity to parks, schools, libraries, shops, and neighborhood markets. Walkscore.com is cited as ranking the address as a “Walker’s Paradise” for a car-free lifestyle.
Tenancy is described as consistent, supported by the stated stabilized rent roll and residents who take pride in their homes and the surrounding community.
The building is described as architecturally elegant and full of character, with outdoor spaces that add to the overall living environment. The property is located in Portland’s Buckman area, and the remarks note proximity to parks, schools, libraries, shops, and neighborhood markets. Walkscore.com is cited as ranking the address as a “Walker’s Paradise” for a car-free lifestyle.
Tenancy is described as consistent, supported by the stated stabilized rent roll and residents who take pride in their homes and the surrounding community.
Key Highlights
- Six‑unit multifamily property built in 1927
- Remodeled apartments with updated finishes while protecting long‑term value
- Stabilized rent roll under a long‑term hands‑on owner
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 | $99.6k | $24.60 |
| − Vacancy | −$5.1k | −$1.25 |
| EGI | $94.5k | $23.35 |
| − OpEx | −$42.5k | −$10.51 |
| NOI | $52.0k | $12.84 |
4,050 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$742.9K
$650.0K – $866.7K
NOI $52,002 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$995.2K – $1.33M
NOI $79,614 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Six-unit multifamily property with remodeled apartments and a stabilized rent roll under a long-term hands-on owner.
Where is this apartment building located?
The property is located at 1403 SE 25th Ave Portland, OR.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Six‑unit multifamily property built in 1927; Remodeled apartments with updated finishes while protecting long‑term value; Stabilized rent roll under a long‑term hands‑on owner
