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%