REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by MORE Realty • 971-645-6977
$ 849,900
Est. payment | /mo
3,984 SqFt
$ 849,900
Est. payment | /mo
3,984 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,984 sqft
Price per Sqft $213
Subdivision Madison South
MLS Listing ID 24345569
Year Built 1954
Annual Tax Amount $11,580
Tax Year 2024
Lot Size 5,227 Sqft
Property Description
This well-maintained 4-plex offers a solid 5.72% CAP Rate and a 12.21 GRM, with significant potential for financial growth. Minor cosmetic upgrades could unlock higher market rents, maximizing your returns. The property features a 5-year-old roof, minimizing immediate maintenance costs.Strategically located on a bus line, this property appeals to tenants seeking convenience, with restaurants, coffee shops, shopping, schools, and parks all within half a mile. One unit boasts private laundry, while the remaining three units share a well-equipped laundry room.A fantastic opportunity to capitalize on Portland's thriving rental market!
Location
State OR
County Multnomah
Area _142
Zoning RM1
Rooms
Basement Unfinished
Interior
Heating Wall Heater, Zoned
Exterior
Garage Spaces 1.0
View Territorial
Roof Type Shingle
Garage No
Building
Lot Description Corner Lot, Level
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Jason Lee
Middle Schools Roseway Heights
High Schools Leodis Mcdaniel
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
GET MORE INFORMATION
Patty Savage
Real Estate Broker | Lic# 970400064