New Multifamily Property For
For Sale
$3,225,000
4775 NE 107TH AVE, Portland, OR 97220
New 16-unit multifamily property built in 2024, great investment.
Property Size10,480 SF
Price / SF$307.73
Days on Market212
Property Features for 4775 NE 107TH AVE
General Information
Standard status
Active
Size
10,480 SF
Property subtype
MULTI_FAMILY
Taxes and HOA fees
Annual Taxes
$28,957
Building Details
Building Size
10,480 SF
Year Built
2024
Listing Agency:
Knipe Realty ERA Powered
Listed By:
Daniel Silvey · License #201209834
(503) 201-8537
Source:
Eleeterealestate
Added: Mar 9
Changed: Oct 5
Last Checked: Oct 5 at 10:31PM
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 Knipe Realty ERA Powered
Investment Insights
Based on property information with market context.
A multifamily property built in 2024 is available for sale. The property contains 16 units and has a cap rate of 5.38%. The building has a total size of 10480 square feet.
Key Highlights
- New Construction: Built in 2024
- For Sale: Multifamily Property with 16 Units
- Attractive 5.38% Cap Rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,563
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,691,260
$2.7M
Cap Rate 7%
$1,922,329
$1.9M
Cap Rate 9%
$1,495,144
$1.5M
Market Conditions
NOI Build-Up for 10,480 SF
Gross rent
$257.8K $24.60/SF
− Vacancy
−$13.1K −$1.25/SF
EGI
$244.7K $23.35/SF
− OpEx
−$110.1K −$10.51/SF
NOI
$134.6K $12.84/SF
Area
Portland, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,691,260
Cap Rate 7%
$1,922,329
Cap Rate 9%
$1,495,144
Alternative Uses
Best Use
Apartment 5plus
$1.92M
$1.68M – $2.24M
NOI $134,563 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.94M
$2.58M – $3.43M
NOI $206,013 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
Explore this area
Business Placement
Demographics for 97220, OR
29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - New 16-unit multifamily property built in 2024, great investment.
Where is this apartment building located?
The property is located at 4775 NE 107TH AVE Portland, OR.
What is the asking price?
The asking price for this property is $3,225,000.
What are key features of this property?
This property features: New Construction: Built in 2024; For Sale: Multifamily Property with 16 Units; Attractive 5.38% Cap Rate
