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4435 SE Belmont St 12 Unit Apartment Building £1,267,284 (£105,607/Unit) 6.28% Net Initial Yield Portland, OR 97215
EXECUTIVE SUMMARY
4435 SE Belmont presents a rare chance to acquire a 12-unit multifamily asset in the high-demand Sunnyside neighborhood of southeast Portland. Located along the thriving Belmont retail corridor, the property benefits from walkable amenities, excellent transit access, and consistent tenant demand.
The unit mix and property condition support stable cash flow with potential for rent growth through light value-add improvements. The property includes many updated units, new exterior paint, a new 70 year metal roof, and a dedicated parking lot.
With limited inventory in this core submarket, this offering is well-positioned for both long-term hold or repositioning strategies.
The unit mix and property condition support stable cash flow with potential for rent growth through light value-add improvements. The property includes many updated units, new exterior paint, a new 70 year metal roof, and a dedicated parking lot.
With limited inventory in this core submarket, this offering is well-positioned for both long-term hold or repositioning strategies.
PROPERTY FACTS
| Price | £1,267,284 | Costar Property Class | C |
| Price Per Unit | £105,607 | Total Plot Size | 0.14 ac |
| Sale Type | Investment | Property Size | 8,952 sq ft |
| Yield | 6.28% | Average Occupancy | 100% |
| No. Units | 12 | No. Floors | 3 |
| Property Type | Build-to-Rent | Year Built | 1911 |
| Property Subtype | Apartment | Parking Allocation | 0.67/1,000 sq ft |
| Apartment Style | Low-Rise | ||
| Use Class | CM2 - Commercial Mixed Use Zoning | ||
| Price | £1,267,284 |
| Price Per Unit | £105,607 |
| Sale Type | Investment |
| Yield | 6.28% |
| No. Units | 12 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.14 ac |
| Property Size | 8,952 sq ft |
| Average Occupancy | 100% |
| No. Floors | 3 |
| Year Built | 1911 |
| Parking Allocation | 0.67/1,000 sq ft |
| Use Class | CM2 - Commercial Mixed Use Zoning |
AMENITIES
UNIT AMENITIES
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Gas Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 11 | - | - |
Walk Score®
Easily Walkable (88)
Bike Score®
Ideal For Cyclists (99)
PROPERTY TAXES
| Parcel Number | R233406 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £453,022 |
PROPERTY TAXES
Parcel Number
R233406
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£453,022
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4435 SE Belmont St
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