1904 Southeast 80th Avenue Portland, OR 97215
For Sale
$2,250,000
Apartment buildings
Property Size8,550 SF
Price / SF$263.16
Days on Market73
Property Features for 1904 Southeast 80th Avenue
General Information
- Standard status
- Active
- Size
- 8,550 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1966
Listing Agency:
Barry Investment Real Estate
(503) 593-9707
Listed By:
Phillip Barry · License #200807134
(503) 593-9707
Source:
Compass
Added: May 13
Changed: Jul 20
Last Checked: Jul 21 at 8:35AM
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 Barry Investment Real Estate
Investment Insights
Based on property information with market context.
Key Highlights
- Tabor Villa Apartments offers 11 modernized, single‑level apartment units
- Built in 1966 and renovated with comprehensive interior and exterior updates
- Unit upgrades include new cabinetry, quartz countertops, stainless steel appliances, updated flooring, and fresh paint
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 | $210.3k | $24.60 |
| − Vacancy | −$10.7k | −$1.25 |
| EGI | $199.6k | $23.35 |
| − OpEx | −$89.8k | −$10.51 |
| NOI | $109.8k | $12.84 |
8,550 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.57M
$1.37M – $1.83M
NOI $109,782 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,074 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
Where is this apartment building located?
The property is located at 1904 Southeast 80th Avenue Portland, OR.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Tabor Villa Apartments offers 11 modernized, single‑level apartment units; Built in 1966 and renovated with comprehensive interior and exterior updates; Unit upgrades include new cabinetry, quartz countertops, stainless steel appliances, updated flooring, and fresh paint
