Modern 6-Unit Apartment
For Sale
$2,170,000
7070 N MONTANA Ave, Portland, OR 97217
MULTI_FAMILY - Portland, OR
Property Size6,792 SF
Lot Size0.12 Acres
Price / SF$319.49
Days on Market527
Property Features for 7070 N MONTANA Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi
Bedrooms
12
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 12, Bedroom 3, Bedroom 8, Bedroom 11, Bedroom 4, Bathroom 1, Bedroom 10, Bathroom 5, Bathroom 3, Bedroom 5, Bedroom 6, Bathroom 4, Bedroom 9, Bedroom 1, Bathroom 6, Bathroom 2, Bedroom 2, Bedroom 7
Subdivision
ARBOR LODGE
Elementary school
Chief Joseph
Middle school
Ockley Green
High school
Roosevelt
Directions
From I-5 N, take exit 304, L (east) on N Rosa Parks, R on N Montana
Standard status
Active
APN
R704085
Size
6,792 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
GOOD MORNING ADD, BLOCK 15, N 1/2 OF LOT 5, LOT 6
Tax Annual Amount
21300
Legal Description
GOOD MORNING ADD, BLOCK 15, N 1/2 OF LOT 5, LOT 6
Utilities
Cooling system
ENERGY STAR Qualified Equipment
Amenities
EnergyStar rated appliances
quartz and marble finishes
luxury vinyl plank flooring
washer and dryer in every unit
built-in dishwashers and microwaves
Navien tankless water heater
Daikin mini-split heat & AC
secure front door and gate entries
attached decks
front patios and backyard space
ADA-compliant unit
Building Details
Year built
2019
Floors in Building
3
Number of units
6
Roof type
Composition
Listing Agency:
Keller Williams Sunset Corridor · Keller Williams Realty
(503) 270-5700
Listed By:
Taya Mower · License #200709135
(503) 481-6252
Added: Feb 22, 2025
Changed: Aug 2
Last Checked: Aug 3 at 2:06AM
MLS# 382442110
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.
Modern 6-unit investment built in 2019, currently operating at 100% occupancy. The property sits on a 0.12-acre lot and includes 6,792 square feet of building area. Unit interiors include energy-efficient features and finishes such as EnergyStar-rated appliances, quartz and marble finishes, and luxury vinyl plank flooring. Each unit is equipped with a washer and dryer, along with built-in dishwashers and microwaves. Mechanical systems include a Navien tankless water heater and Daikin mini-split heat & AC. The building also has secure front door and gate entries, and one unit is ADA-compliant.
Second and third floor units have attached decks. Ground level units #101 and #102 offer both front patios and backyard space.
Located in Portland’s Arbor Lodge area, the property is close to the MAX Yellow Line and major transit routes. Public remarks also reference proximity to University of Portland, Adidas headquarters, Peninsula Park, Kenton District, and New Seasons Market.
Second and third floor units have attached decks. Ground level units #101 and #102 offer both front patios and backyard space.
Located in Portland’s Arbor Lodge area, the property is close to the MAX Yellow Line and major transit routes. Public remarks also reference proximity to University of Portland, Adidas headquarters, Peninsula Park, Kenton District, and New Seasons Market.
Key Highlights
- 6‑unit apartment building with 100% occupancy
- Built in 2019
- 0.12‑acre lot and 6,792 square feet
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 | $167.1k | $24.60 |
| − Vacancy | −$8.5k | −$1.25 |
| EGI | $158.6k | $23.35 |
| − OpEx | −$71.4k | −$10.51 |
| NOI | $87.2k | $12.84 |
6,792 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.09M – $1.45M
NOI $87,209 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,515 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
754
Businesses Nearby
Explore this area
Business Placement
Demographics for 97217, OR
36,086
Population
17,038
Households
2.1
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
3,251
Density / Sq Mi
$100,387
Median Household Income
$56,790
Median Earnings
$1,789
Median Rent
$569,500
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 - Modern 6-unit building with 100% occupancy, washer and dryer in every unit, plus an ADA-compliant unit.
Where is this apartment building located?
The property is located at 7070 N MONTANA Ave Portland, OR.
What is the asking price?
The asking price for this property is $2,170,000.
What are key features of this property?
This property features: 6‑unit apartment building with 100% occupancy; Built in 2019; 0.12‑acre lot and 6,792 square feet
