$2,600,000 Price Analysis    ♡   Portland, OR 97233 31 bed 27 bath 14,080 SqFt ($184/SqFt) 0.73 acre lot. Built 2005 Listed 2024-06-12, Taxes $29,238 | Ⓧ USDA Ineligible due to price & location near Portland |
Fully rented
With recent rent increases and several long-term tenants. Four apartment buildings on a nearly 3/4 acre lot: A townhouse style 6-plex with 2 bedroom, 1.1 bath, 933 sq. ft. units, built in 2005; a townhouse style 4-plex, with 2 bedroom, 1.1 bath, 933 sq. ft. units, built 2001; a duplex with 2 bedroom, 1 bath, 900 sq. ft. units, built 2001; and a 4-plex with three 2 bedroom, 1 bath units and one 1 bedroom, 1 bath unit.
All units have their own full-size washer and dryer, except the riginal 4-plex has a shared la undry. All townhouse-style units feature 9' ceilings on the main level. Tenants pay own electricity bills. Gross sq. ft. is gross rentable area and doesn't include a share laundry area in one building. Most units are located well off of Stark St. in a quiet setting with 26 parking spaces. School bus stops at the driveway.
Presented by Wayne Sanman at
RE/MAX Equity Group.
Property MLS #24056070 from RMLS
Heating Fuel: Electricity
Heating: Yes
Water Heaters: Electricity
Lot Size Acres: 0.73
Lot Size Square Feet: 31798
Parking Total: 26
High School: Reynolds
Middle School: H.B. Lee
Map directions Map directions Map directions Map directionsGross Scheduled Income: 233820
Rent Includes: Sewer, TrashCollection, Water
Unit Type: UnitTypeType1, UnitTypeType10, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8, UnitTypeType9
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 2
Bedrooms in Unit-6: 2
Bedrooms in Unit-7: 2
Bedrooms in Unit-8: 2
Bedrooms in Unit-9: 2
Bedrooms in Unit-10: 1
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 2
Total Bathrooms in Unit-4: 2
Total Bathrooms in Unit-5: 2
Total Bathrooms in Unit-6: 2
Total Bathrooms in Unit-7: 2
Total Bathrooms in Unit-8: 1
Total Bathrooms in Unit-9: 1
Total Bathrooms in Unit-10: 1
Annual Tax Amount: 29685.86999999
Source Listing Status: Active
County: Multnomah
Cap Rate: 5.18
Directions: SE 148th
Tax Year: 2023
Source Property Type: MultiFamily
Source Neighborhood: GLENFAIR
Parcel Number: R109805
Subdivision: GLENFAIR
Zoning: RM3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $1,273,330 | $29,238 |
| 2021 | $unknown + $unknown $1,236,250 | $28,856 |
| 2020 | $unknown + $unknown $1,200,250 | $26,047 |
| 2019 | $unknown + $unknown $1,165,300 | $24,720 |
| 2018 | $unknown + $unknown $1,131,360 | $24,492 |
| 2017 | $unknown + $unknown $1,098,410 | $23,620 |
| 2016 | $unknown + $unknown $1,066,420 | $22,514 |
| 2015 | $unknown + $unknown $1,035,360 | $21,908 |
| 2014 | $unknown + $unknown $1,005,210 | $20,199 |
| 2013 | $unknown + $unknown $975,940 | $16,966 |
| 2012 | $unknown + $unknown $947,520 | $17,168 |
| 2011 | $unknown + $unknown $919,930 | $16,143 |
| 2010 | $unknown + $unknown $893,140 | $15,931 |
| 2009 | $unknown + $unknown $867,130 | $18,020 |
| 2008 | $unknown + $unknown $841,880 | $17,266 |
| 2007 | $unknown + $unknown $817,360 | $17,245 |
$2,600,000
RMLS
Sold 1999-10-21
$285,000
Public Record
Operating Expense: 79541
Building Area Total: 14080
Building Exterior Type: Brick, CementSiding, T111Siding
Foundation Details: ConcretePerimeter
Property Age: 19
Property Condition: Approximately
Roof: Composition
Levels or Stories: 2
Water Source: PublicWater
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.