16-Unit Apartment
For Sale
$3,225,000
4775 NE 107TH Ave, Portland, OR 97220
MULTI_FAMILY - Portland, OR
Property Size10,480 SF
Lot Size0.11 Acres
Price / SF$307.73
Days on Market147
Property Features for 4775 NE 107TH Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM2
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Subdivision
Parkrose
Middle school
Roseway Heights
High school
Parkrose
Directions
South on NE 107th Ave from NE Sandy
Standard status
Active
APN
R703341
Size
10,480 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
PARKROSE & RPLT, BLOCK 6, LOT 16 EXC PT IN ST
Tax Annual Amount
28958
Legal Description
PARKROSE & RPLT, BLOCK 6, LOT 16 EXC PT IN ST
Amenities
in-unit washer/dryer
Building Details
Year built
2024
Floors in Building
4
Number of units
16
Roof type
Composition
Listing Agency:
Knipe Realty ERA Powered
(503) 445-7660
Listed By:
Daniel Silvey · License #201209834
(503) 201-8537
Added: Mar 9
Changed: Aug 2
Last Checked: Aug 2 at 5:06PM
MLS# 752828656
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Fully stabilized 16-unit apartment building in Portland’s Parkrose neighborhood, offered as a turn-key investment. Constructed in 2024, the property spans 10,480 square feet on a 0.11-acre lot and features a composition roof. The units are described as modern and contemporary, with well-finished interiors that include in-unit washer/dryers and high-end kitchens.
The building’s diversified unit mix is intended to support broad tenant appeal, with established occupancy noted as part of the current operating profile. The location provides access to NE Sandy Blvd, nearby grocery, and close access to the airport and transit.
Designed for low-maintenance ownership, the property includes modern systems and quality fixtures intended to support long-term durability and operational efficiency.
The building’s diversified unit mix is intended to support broad tenant appeal, with established occupancy noted as part of the current operating profile. The location provides access to NE Sandy Blvd, nearby grocery, and close access to the airport and transit.
Designed for low-maintenance ownership, the property includes modern systems and quality fixtures intended to support long-term durability and operational efficiency.
Key Highlights
- 16‑unit apartment building with established occupancy
- Built in 2024 on a 0.11‑acre lot
- 10,480 SF multifamily property with composition roof
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 | $257.8k | $24.60 |
| − Vacancy | −$13.1k | −$1.25 |
| EGI | $244.7k | $23.35 |
| − OpEx | −$110.1k | −$10.51 |
| NOI | $134.6k | $12.84 |
10,480 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
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
Property Profile
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
1,034
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
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 - RM2-zoned, fully stabilized 16-unit building with in-unit washer/dryers and established occupancy in Portland’s Parkrose neighborhood.
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: 16‑unit apartment building with established occupancy; Built in 2024 on a 0.11‑acre lot; 10,480 SF multifamily property with composition roof
