Great investment opportunity.

7 Unit complex with, 2- 1 Bed/1Bath apartments and 4- 2Bed/1Bath apartments plus a 2 Bed/1 Bath home. There is also a studio, recently used for storage, that is being prepped to rent. On site laundry room services the 6 units and the home has a washer/dryer.

Contempora ry tear off roof nd gutters on the house in 2018 and extensive remodeling and new flooring in 2022. 4 of 7 units received updates over the last 3 years. Currently, all units are occupied. Scheduled rents are $8, 230 per month.

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on 3709 SE 91st Ave
in Portland, OR
Presented by Doug Landers at
John L. Scott Portland Northeast.


Property MLS #24030744 from RMLS

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 10

+ Bathrooms

Full Bathrooms: 8

+ Interior Features

Storage: Attached, IndividualStorageUnits

+ Heating and Cooling

Heating Features: WallHeater
Water Heaters: Electricity, Tank

+ Other Rooms

Basement Description: CrawlSpace

+ Land Info

Lot Description: Level, Trees
Lot Size Acres: 0.24
Lot Size Dimensions: 63 X 165
Lot Size Square Feet: 10454

+ Exterior and Lot Features

Road Surface Type: Paved

+ Garage and Parking

Parking Features: Driveway, OffStreet

+ School Information

Elementary School: Clark
High School: Leodis McDaniel
Middle School: Harrison Park
+ Display Complete School Details

Harrison Park School is a public elementary and middle school located approximately 0.8 miles away.
Map directions

Madison High School is a public high school located approximately 3.3 miles away.
Map directions

Portland Youth Builders is a private high school located approximately 0.5 miles away.
Map directions

+ Rental Info

Gross Income: 68198
Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

+ Multi-Unit Info

Number of Units: 8
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1

+ Amenities and Community Features

Community Features: Laundry

+ Other Property Info

LotSizeRange: SqFt10000to14999
Source Listing Status: Active
County: Multnomah
Cap Rate: 3.27
Directions: SE Powell Blvd, South on SE 92nd Ave, West on SE 91st Pl, North on SE 91st Ave
Tax Year: 2023
Source Property Type: MultiFamily
Parcel Number: R333575
Zoning: R1A
Source System Name: C2C
+ Reveal Property Sale History

Price Changed 2024-05-22
$1,250,000
RMLS

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Listed 2024-03-21
$1,350,000
RMLS

+ Commercial Info

Net Operating Income: 40855
Operating Expense: 27343

+ Building and Construction

Year Built: 1999
Building Area Total: 5145
Building Exterior Type: CementSiding, LapSiding
Foundation Details: ConcretePerimeter
Property Age: 25
Property Condition: Approximately
Roof: Composition
Levels or Stories: 2

+ Utilities

Sewer: PublicSewer
Water Source: PublicWater