Roseway Annex Apartment
4405 NE 82nd Ave, Portland, OR 97220
Nine-unit apartment community in Northeast Portland with value-add potential.
Type:Multifamily
Property size:
8,040 SFPrice / SF:
$156/SF- Added:
- Feb 2, 2026
- Days on Market:
- 154
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 4405 NE 82nd Ave
General Information
- Standard status
- Active
- Size
- 8,040 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1977
Listing office Marcus & Millichap - Portland
Listing date Feb 2, 2026
Source Crexi
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 Marcus & Millichap - Portland
HighLights
- Value‑add opportunity through targeted renovations to capture stronger rents.
- Historically consistent occupancy and manageable nine‑unit size contribute to operational efficiency.
- Convenient access to grocery stores, restaurants, parks, and everyday retail in the Roseway/Sumner area.
- Strong regional connectivity via transit service along NE 82nd Avenue and proximity to I‑205 and I‑84.
- Located in a growing area with a large population and strong median household income.
- Mix of unit types, including one‑bedroom, two‑bedroom, and townhouse‑style units, some with private patios and fireplaces.
Overview
Roseway Annex is a nine-unit apartment community located at 4405 NE 82nd Avenue in Northeast Portland. Constructed in 1977, the property features a mix of one-bedroom, two-bedroom, and one townhouse-style unit. The building is constructed with wood-frame materials and includes pitched roofs, aluminum windows, mature landscaping, off-street parking, and shared laundry facilities. Select units include private patios, and the two-bedroom units feature fireplaces. Interior specifications consist of carpet flooring, laminate countertops, dishwashers, and baseboard heating. Located within the Roseway/Sumner area, the property provides convenient access to grocery stores, restaurants, coffee shops, and everyday retail, along with nearby parks such as Sacajawea City Park and Glenhaven Park. Transit service along NE 82nd Avenue and close proximity to I-205 and I-84 support strong regional connectivity. The surrounding 5-mile trade area includes a population of 394,433 residents and a median household income of $82,380, with continued growth projected. The neighborhood combines suburban-style residential streets with urban convenience, attracting renters seeking affordability, accessibility, and proximity to major employment centers. The property offers a path for value creation through targeted renovations and ongoing stabilization efforts. The property’s manageable nine-unit size and historically consistent occupancy contribute to operational efficiency.
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 | $197.8k | $24.60 |
| − Vacancy | −$10.1k | −$1.25 |
| EGI | $187.7k | $23.35 |
| − OpEx | −$84.5k | −$10.51 |
| NOI | $103.2k | $12.84 |
8,040 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.47M
$1.29M – $1.72M
NOI $103,233 @ 7.0% cap · market cap 8.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.63M
NOI $158,048 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.5790143
- Latitude
- 45.5546412
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Nine-unit apartment community in Northeast Portland with value-add potential.
Where is this apartment building located?
The property is located at 4405 NE 82nd Ave Portland, OR.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: Value‑add opportunity through targeted renovations to capture stronger rents.; Historically consistent occupancy and manageable nine‑unit size contribute to operational efficiency.; Convenient access to grocery stores, restaurants, parks, and everyday retail in the Roseway/Sumner area.
