4775 NE 107TH AVE

Portland, OR 97220
Square Ft.
10,480
$3,225,000
Recently constructed and fully stabilized 16-unit apartment building located in Portland’s Parkrose neighborhood. This turn-key investment offers low-maintenance ownership with modernsystems, contemporary finishes, and a balanced mix of unit types designed to attract a broad tenant base. Built with long-term durability and operational efficiency in mind, the property features well-finishedRead MoreRead Less
Listing courtesy of Knipe Realty ERA Powered.
Listing Snapshot
Days Online
1
Last Updated
Square Ft.
10,480
Lot Size
0.11 Acres
Year Built
2024
MLS Number
752828656
30 Days Snapshot Of 97220
$419k
+4%
(avg) sold price
28
+47%
homes sold
61
-20%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Basement: None
Building
Building Area Total: 10480, Built in 2024, Stories: 4, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Cooling
Cooling: AirConditioningReady
Disclosures
Disclosures: Disclosure
Expenses
Operating Expense Scheduled: 112220, Operating Expense: $112,220
Exterior Features
Exterior Description: CementSiding, WoodSiding
Foundation
Foundation Details: Slab
Heating
Heating: WallHeater
Income
CAP Rate: 5.38, Gross Income: $285,700, Gross Rent Multiplier: 11.29, Gross Scheduled Income: $285,700, Net Operating Income: $173,480, Net Scheduled Income: 173480
Lot
Features: Gated, Level, Size Acres: 0.11, Size Range: SqFt3000to4999, Size Square Feet: 4,791, Size: 3,000 to 4,999 SqFt
Miscellaneous
Investor Information: AccordingToOwner, Leases, MaintenanceRecordsAvailable, UtilityRecordsAvailable
Parking
Features: OffStreet
Property
Number Of Units Total: 16, Property Condition: NewConstruction, Zoning: RM2
Roof
Roof: Composition
Security Features
Features: FireSprinklerSystem, SecurityGate
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $28,958, Legal Description, Tax Year: 2025
Unit One
Actual Rent: $1,110, Area: 345, Features: Dishwasher, Microwave, Refrigerator, WasherDryer, Units Total: 5, 1 total bathroom
Unit Two
Actual Rent: $1,429, Area: 510, Features: Dishwasher, Microwave, Refrigerator, WasherDryer, Units Total: 8, 1 total bathroom, 1 total bedroom
Unit Three
Actual Rent: $1,682, Area: 675, Features: Dishwasher, Microwave, Refrigerator, WasherDryer, Units Total: 3, 1 total bathroom, 2 total bedroom
Utilities
Fuel Description: Electricity, Hot Water Description: Electricity, Internet Service Type: Cable, Water Source: PublicWater
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Erika George and Kari McGee
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This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.