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Listed by Windermere RE Lane County • 541-525-2559
$ 935,000
Est. payment | /mo
3,306 SqFt
$ 935,000
Est. payment | /mo
3,306 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,306 sqft
Price per Sqft $282
MLS Listing ID 327417535
Year Built 1966
Annual Tax Amount $12,753
Tax Year 2024
Lot Size 4,356 Sqft
Property Description
Excellent opportunity to own a turnkey, fully occupied four-plex in the heart of NE Portland. This property features a desirable mix of units—three spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit—all fully remodeled in 2015 with high-quality finishes and modern updates, including in-unit washers and dryers.Professionally managed and consistently occupied, the investment is scheduled to gross over $75,000 in 2025. Actual financials closely mirror the pro-forma, supporting a realistic 5+% CAP rate, making this a solid, dependable investment.Located near Laurelhurst and the Hollywood District, just steps to restaurants, shops, parks, Providence Hospital, library, the Hollywood Farmers Market, and MAX Light Rail. Enjoy easy access to I-84 and major transit routes, making it highly attractive to tenants and commuters alike. Whether you're looking to grow your portfolio or invest in a high-performing asset in a thriving Portland neighborhood, this four-plex checks all the boxes.
Location
State OR
County Multnomah
Area _142
Zoning R1
Rooms
Basement Crawl Space
Interior
Heating Wall Heater
Cooling None
Exterior
View City
Roof Type BuiltUp
Garage No
Building
Lot Description Level
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Laurelhurst
Middle Schools Laurelhurst
High Schools Grant
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Jesse Morgen
Owner, REALTOR® | Lic# 93823