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Listed by Constant Commercial Real Estate Inc • 503-222-0282
$ 1,500,000
Est. payment | /mo
4,450 SqFt
$ 1,500,000
Est. payment | /mo
4,450 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,450 sqft
Price per Sqft $337
MLS Listing ID 719178355
Year Built 1964
Annual Tax Amount $14,624
Tax Year 2024
Property Description
Exceptional 6-unit multifamily opportunity in the vibrant St. Johns neighborhood! This turnkey asset features a desirable mix of one, two, and three-bedroom units, all renovated within the last six years with modern upgrades, including new kitchens, flooring, vinyl windows, and fresh interior and exterior paint. Each unit is equipped with washer/dryer hookups and off street assigned parking. The property is platted as individual condominiums, providing future flexibility. A new roof (2022) and newer stainless steel appliances enhance long-term durability and appeal. Located in a prime area with easy access to major employers, dining, shopping, public transportation, and downtown Portland, this property ensures strong rental demand. The gross monthly income of $9,680 plus $415 in utility bill-backs delivers a solid cash flow, with assumable financing (3.47%!) available for qualified buyers. Don't miss this rare opportunity to acquire a well-maintained, income-generating asset in one of Portland's most sought-after rental markets!
Location
State OR
County Multnomah
Area _141
Zoning RM2
Interior
Heating Wall Heater
Exterior
Roof Type Composition
Garage No
Building
Lot Description Corner Lot
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Sitton
Middle Schools George
High Schools Roosevelt
Others
Acceptable Financing Assumable, Cash, Conventional
Listing Terms Assumable, Cash, Conventional
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Sarah Boylan, MBA
Licensed Real Estate Broker