Property profile & analytics
3755 Hood Ave Portland, OR 97239-4309
- Apartment buildings
- 9,695 SF
- 0.11 lot acres
OFF-MARKET
Last Sale
Nov 08, 2024
Nov 08, 2024
$3,740,000
Value Estimations
$2,690,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US71-0152611
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Apartment buildings
Property Details for 3755 Hood Ave
- Year built
- 2023
- Lot size
- 0.11 lot acres
- Property size
- 9,695 SF
- Zone code
- RH
- Property type
- Apartment buildings
- APN
- 1S1E10CA 01200
- APU
- 1S1E10CA01200
Description
This exceptional 18-unit apartment complex, built in 2024, presents a compelling investment opportunity in Portland, Oregon's desirable South Waterfront district. Located at 3755 S Hood Ave, 97239, this four-story building boasts 9,695 square feet on a 5,000 square foot lot and features a mix of studio and one-bedroom units. The property offers a strong net operating income (NOI) of $207,025, resulting in a 5.18% capitalization rate. The asking price is $3,999,900, translating to $222,216.67 per unit and $412.57 per square foot. Units are meticulously designed with high-end finishes, including custom cabinetry, stainless-steel appliances, and stackable washer/dryer units. Select units include covered patios or balconies. Building amenities include bike storage and a dedicated trash area. The property is zoned RM3 and comes with a one-year builder warranty. Its proximity to downtown Portland, OHSU, and numerous dining and entertainment options enhances its appeal and rental potential. This is a turnkey investment in a prime location, offering a secure and attractive addition to any portfolio. The property is conveniently located near public transportation and major roadways. This is a rare opportunity to acquire a brand-new, high-quality multifamily property in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,643,000
- AI Estimate
- $1,643,000
Market price range: $1.54M - $3.83MMarket price range: $1.54M - $3.83M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $2,580,000 Current use
- RESTAURANT
- $3,320,000 Change: +29% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,960,000 Change: +15% Conversion: Difficult
- MEDICAL BUILDING
- $2,930,000 Change: +14% Conversion: Moderate
- RETAIL STORES
- $2,910,000 Change: +13% Conversion: Difficult
- OFFICE BUILDING
- $2,800,000 Change: +9% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $2,655,000 Change: +3% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.674
- Latitude
- 45.4959
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,963
$0.00
$0.00
$602,985
-
$500,000
$599,880
$1,099,880
