East Portland Apartment
14455 E Burnside St, Portland, OR 97233
25-unit apartment complex in East Portland with convenient access.
Type:Multifamily
Property size:
20,000 SFPrice / SF:
$164/SF- Added:
- Jan 26, 2026
- Days on Market:
- 115
- Last Refresh:
- Apr 5 at 8:39 pm
Property Features for 14455 E Burnside St
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1994
Listing agent Elliot Rask (503) 517-9873
Listing office (503) 517-9873
Listing date Jan 26, 2026
Source Corfac
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 Elliot Rask
HighLights
- Convenient access to Downtown Portland via Hwy 26, I‑205, and I‑84.
- Located within a block of a Portland MAX stop (Blue Line) for easy transportation.
- Walking distance to shopping and dining on E Burnside Street.
- Desirable unit floor plans and parking available.
- Close proximity (1.5 miles) to amenities on SE Division Street.
- High‑quality property management in place.
Overview
Glenfair Apartments is a 25-unit apartment complex situated in East Portland. The property is located on E Burnside St near SE Division St and I-205, centrally located with easy access to Downtown and the numerous amenities in the area. It is ideally situated just a short walk away from the vibrant shopping and dining attractions on E Burnside Street and conveniently located 1.5 miles from SE Division Street, where you’ll find a plethora of amenities. The property is also within a block of a Portland MAX stop, offering convenient transportation to various parts of the inner urban area. With the proximity of Hwy 26, I-205, and I-84, tenants will enjoy easy access to Downtown Portland. The property has desirable unit floor plans and parking and high-quality property management in place. The property size is 20000 square feet.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$2.85M
NOI $256,799 @ 9.00% cap · cautious / downside scenario
Moderate
$3.67M
NOI $256,799 @ 7.00% cap · market / base-case scenario
Aggressive
$5.14M
NOI $256,799 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $492.0k | $24.60 |
| − Vacancy | −$25.1k | −$1.25 |
| EGI | $466.9k | $23.35 |
| − OpEx | −$210.1k | −$10.51 |
| NOI | $256.8k | $12.84 |
20,000 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$3.67M
$3.21M – $4.28M
NOI $256,799 @ 7.0% cap · market cap 7.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.62M
$4.91M – $6.55M
NOI $393,155 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Glenfair Apartments
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.514
- Latitude
- 45.5229
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 25-unit apartment complex in East Portland with convenient access.
Where is this apartment building located?
The property is located at 14455 E Burnside St Portland, OR.
What is the asking price?
The asking price for this property is $3,290,000.
What are key features of this property?
This property features: Convenient access to Downtown Portland via Hwy 26, I‑205, and I‑84.; Located within a block of a Portland MAX stop (Blue Line) for easy transportation.; Walking distance to shopping and dining on E Burnside Street.
