SOLD: The five unit apartment building located at 9105 NE Hoyt Street, Portland, Oregon, sold for $630,000.
The five unit building featured four, one-bedroom units, and one, two-bedroom unit. The entire building envelope was upgraded in 2017-2019, with new roofing, siding, windows, doors.
Price Per Unit: $126,000
Price Per Square Foot: $215.16
Estimated Cap Rate: 5.60%
Estimated Cap Rate (pro forma): 6.25%
Bernard Gehret of Joseph Bernard Investment Real Estate represented the buyer and seller in this transaction. For more information about this sale or the market, call Bernard Gehret at 503-546-9390. Click HERE for more information on the property.