The Cape Cod Apartments Sold for $1,070,000 by Joseph Bernard Investment Real Estate
Here is a quick snapshot of close-in sales on small multi-family
properties in Portland, Oregon. There a
There not many sales over the past twelve months for properties that are 5-20 units
in size, but
here is a breakdown of some recent sales:
1805 NE 8th Avenue
Price: $450,000
Units: 6
Price per unit: $75,000
Price per square foot: $156
Estimated cap rate: 6.5%
1525 SE 41st
Price: $947,500
Units: 10
Price per unit: $94,750
Price per square foot: $112
Estimated cap rate: 6%
1510 NE 45th Ave
Price: $1,070,000
Price per unit: $107,000
Price per square foot: $213
Estimated cap rate: 5.17%
5109 E. Burnside
Price: $660,000
Price per unit: $82,500
Price per square foot: 86
Estimated cap rate: 6.5%
