10-Unit Residential Income
4355 Riverview Avenue West Linn, OR 97068
4355 Riverview Avenue, West Linn, OR, 97068
$2,500,000
For Sale
$2,500,000
Ten uniformly planned 3-bedroom units with private yards and decks, plus dedicated parking, offer a straightforward 10-unit income setup.
Property Size13,500 SF
Price / SF$185.19
Days on Market14
Property Features for 4355 Riverview Avenue
General Information
- Standard status
- Active
- Size
- 13,500 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1972
Listing agency
Apex Residential
Listed by
Jordan Fezler
(877) 319-7625
Source
Century21northhomes
Added: Jul 8 Updated: Jul 21 at 11:32AM Checked: Jul 21 at 11:32AM
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 Apex Residential
Investment Insights
Based on property information with market context.
Riverview Heights is a 10-unit residential income property featuring a uniform floor plan across all residences. Each unit offers 3 bedrooms and 1.5 baths, with private yards and decks, in-unit washer/dryer hookups, and dedicated parking. The property is arranged on six separate tax lots, providing flexibility around how ownership can be held over time.
The property is located at 4355 Riverview Avenue in West Linn, with immediate access to I-205 and SR-43, supporting connectivity to Lake Oswego, downtown Portland, and the broader South Metro.
This is an income-focused multifamily asset with consistent unit design, which can help simplify day-to-day operations while offering a built-in structure for potential unit-by-unit ownership over time.
The property is located at 4355 Riverview Avenue in West Linn, with immediate access to I-205 and SR-43, supporting connectivity to Lake Oswego, downtown Portland, and the broader South Metro.
This is an income-focused multifamily asset with consistent unit design, which can help simplify day-to-day operations while offering a built-in structure for potential unit-by-unit ownership over time.
Key Highlights
- 10‑unit residential income property built in 1972 with uniformly planned units
- Six separate tax lots provide a structural setup not found in conventional multifamily product
- Each unit offers 3 bedrooms and 1.5 baths, with private yards and decks
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 | $332.1k | $24.60 |
| − Vacancy | −$16.9k | −$1.25 |
| EGI | $315.2k | $23.35 |
| − OpEx | −$141.8k | −$10.51 |
| NOI | $173.3k | $12.84 |
13,500 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.48M
$2.17M – $2.89M
NOI $173,340 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.64M
$3.19M – $4.25M
NOI $255,079 @ 7.0% cap · market cap 10.20%
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 - Ten uniformly planned 3-bedroom units with private yards and decks, plus dedicated parking, offer a straightforward 10-unit income setup.
Where is this apartment building located?
The property is located at 4355 Riverview Avenue West Linn, OR.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 10‑unit residential income property built in 1972 with uniformly planned units; Six separate tax lots provide a structural setup not found in conventional multifamily product; Each unit offers 3 bedrooms and 1.5 baths, with private yards and decks
