6-Unit Apartment
For Sale
$2,170,000
7070 N MONTANA Ave, Portland, OR 97217
MultiFamily, Portland, OR
Property Size6,792 SF
Lot Size0.12 Acres
Price / SF$319.49
Days on Market619
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
Bathroom 4, Bathroom 6, Bathroom 2, Bedroom 10, Bedroom 12, Bedroom 8, Bathroom 1, Bathroom 3, Bedroom 9, Bedroom 1, Bedroom 6, Bedroom 11, Bathroom 5, Bedroom 7, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2
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
Additional Details
Tenant in Place
Yes
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
Buildings
1
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: Nov 1
Last Checked: Nov 2 at 9:06AM
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.
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Investment Insights
Based on property information with market context.
Built in 2019, this 6-unit apartment property contains 6,792 square feet on 0.12 acres and is currently 100% occupied. The building includes energy-efficient appliances, quartz and marble finishes, luxury vinyl plank flooring, built-in dishwashers and microwaves, and washer and dryer sets in every unit. Heating and cooling are provided by Daikin mini-split systems, with a Navien tankless water heater serving the property. Select residences offer attached decks, while ground-level units 101 and 102 include front patios and backyard space. One unit is ADA-compliant, and entry is secured at both the front door and gate.
The property is located at 7070 N MONTANA Ave in Portland’s Arbor Lodge area, with access to the MAX Yellow Line and major transit routes. Nearby destinations identified for the property include the University of Portland, Adidas headquarters, Peninsula Park, the Kenton District, and New Seasons Market. Zoning is designated Multi.
The property is located at 7070 N MONTANA Ave in Portland’s Arbor Lodge area, with access to the MAX Yellow Line and major transit routes. Nearby destinations identified for the property include the University of Portland, Adidas headquarters, Peninsula Park, the Kenton District, and New Seasons Market. Zoning is designated Multi.
Key Highlights
- 6‑unit apartment property with 6,792 square feet on 0.12 acres
- Built in 2019 and 100% occupied
- Every unit includes a washer and dryer, dishwasher, microwave, and Daikin mini‑split heat & AC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,209
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,744,180
$1.7M
Cap Rate 7%
$1,245,843
$1.2M
Cap Rate 9%
$968,989
$969.0K
Market Conditions
NOI Build-Up for 6,792 SF
Gross rent
$167.1K $24.60/SF
− Vacancy
−$8.5K −$1.25/SF
EGI
$158.6K $23.35/SF
− OpEx
−$71.4K −$10.51/SF
NOI
$87.2K $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%
$1,744,180
Cap Rate 7%
$1,245,843
Cap Rate 9%
$968,989
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.
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See the owner, sales and loan history
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Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Newer multifamily construction with full occupancy, private outdoor areas, and in-unit laundry throughout.
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 property with 6,792 square feet on 0.12 acres; Built in 2019 and 100% occupied; Every unit includes a washer and dryer, dishwasher, microwave, and Daikin mini‑split heat & AC
