Turnkey 11-Unit Apartment
For Sale
$1,995,000
3823 SE 52nd Avenue, Portland, OR 97206
Turnkey 11-unit building with new systems and finishes, onsite laundry, additional storage rentals, and ample parking.
Property Size7,001 SF
Price / SF$284.96
Days on Market68
Property Features for 3823 SE 52nd Avenue
General Information
Standard status
Active
Size
7,001 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
11
Amenities
onsite laundry
storage units
Building Details
Year Built
1955
Tenancy
Multi
Listing Agency:
High Five Properties
Listed By:
Lisa Long
(877) 319-7625
Source:
Century21northhomes
Added: May 27
Changed: Jul 28
Last Checked: Aug 2 at 3:38PM
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 High Five Properties
Investment Insights
Based on property information with market context.
This turnkey 11-unit apartment building is offered with all new systems and finishes. The unit mix includes one 3-bedroom apartment, along with one-bedroom and two-bedroom homes. The property also features onsite laundry and additional storage units available for rent, supported by ample on-site parking.
The building is positioned in a close-in area across from popular food carts and along the bus line, supporting convenient everyday access.
From a practical standpoint, the asset is configured as a 1-, 2-, and 3-bedroom income property with common on-site amenities, including laundry and rentable storage.
The building is positioned in a close-in area across from popular food carts and along the bus line, supporting convenient everyday access.
From a practical standpoint, the asset is configured as a 1-, 2-, and 3-bedroom income property with common on-site amenities, including laundry and rentable storage.
Key Highlights
- 11‑unit multifamily building built in 1955
- Unit mix includes 1‑bedroom, 2‑bedroom, and one 3‑bedroom unit
- Onsite laundry available
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 | $176.4k | $25.20 |
| − Vacancy | −$8.8k | −$1.26 |
| EGI | $167.6k | $23.94 |
| − OpEx | −$75.4k | −$10.77 |
| NOI | $92.2k | $13.17 |
7,001 SF · lease $25.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.32M
$1.15M – $1.54M
NOI $92,182 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.97M
$1.72M – $2.29M
NOI $137,624 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
11
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Explore this area
Business Placement
Demographics for 97206, OR
51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey 11-unit building with new systems and finishes, onsite laundry, additional storage rentals, and ample parking.
Where is this apartment building located?
The property is located at 3823 SE 52nd Avenue Portland, OR.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 11‑unit multifamily building built in 1955; Unit mix includes 1‑bedroom, 2‑bedroom, and one 3‑bedroom unit; Onsite laundry available
