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Property profile & analytics
OFF-MARKET
Residential income homes

1318 46Th Ave Portland, OR 97213

6,121 SF 0.12 ac lot Built 2024
Property ID
Property summary
AI-generated overview

This brand-new, meticulously maintained six-unit apartment building presents a compelling investment opportunity in Portland, Oregon's desirable Hollywood district. Built in 2024, this two-story structure boasts a total of 6,121 square feet on a 0.12-acre lot, zoned RM2. Each of the six units features a spacious and modern 2-bedroom, 2-bathroom layout, encompassing an open-concept design with abundant natural light. High-end finishes include warm cabinetry, stainless steel appliances, and tasteful tile accents in the sleek kitchens. The main floor includes a full bathroom with a walk-in shower, while upstairs, both bedrooms are complemented by a luxurious bathroom with a soaking tub. Every unit also includes a private, fenced yard. The property's excellent location, just 0.3 miles from amenities such as coffee shops, grocery stores, restaurants, and parks, is further enhanced by an 89 BikeScore and easy access to I-84. The building is covered by a one-year builder warranty, providing peace of mind for the new owner. This property offers an exceptional combination of location, quality construction, and strong rental appeal, making it an ideal addition to any investment portfolio. The asking price is $2,430,000.

Property profile
Verified
Property type Residential income homes
Year built 2024
Total area 6,121 SF
Lot 0.12 ac (5,227 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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