$995,000 Price Analysis    ♡   Portland, OR 97202 8 bed 4 bath 3,120 SqFt ($318/SqFt) 5,227SqFt lot. Built 1981 Listed 2024-04-19, Taxes $8,468 | Ⓧ USDA Ineligible due to price & location near Portland |
Back on market at no fault of seller
Here's your second chance! Well maintained four unit complex, with additional undeveloped 5, 000 sq ft lot, in the popular Southeast Portland neighborhood of Brooklyn. Nestled amongst some of the most popular coffee shops, restaurants and down the street from Aladdin's Theater- one of Portland's most popular venues for live entertainment.
Easy access to highways, perfect for a commuter and also accessibl to public transit. 2 units currently vacant, making this an ideal oppo rtunity for an owner occupant. Sale of the complex includes the adjacent lot, buyer to do due diligence regarding development capabilities. Property development profile available upon request.
Presented by Rebecca Wilson at
eXp Realty, Inc. Oregon.
Property MLS #24526827 from RMLS
Heating Fuel: Electricity
Heating: Yes
Water Heaters: Electricity
Lot Size Acres: 0.1199954
Lot Size Square Feet: 5227
Parking Total: 8
High School: Cleveland
Middle School: Hosford
Map directions Map directions Map directions Map directionsGross Scheduled Income: 72070
Rent Includes: Sewer, TrashCollection, Water
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
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
Annual Tax Amount: 9597.569999999
Source Listing Status: Active
County: Multnomah
Cap Rate: 5.33
Directions: SE 6th & SE Kelly
Tax Year: 2023
Source Property Type: MultiFamily
Source Neighborhood: BROOKLYN
Parcel Number: R296535
Subdivision: BROOKLYN
Zoning: R2.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2020 | $0 + $0 $331,470 | $8,468 |
| 2019 | $0 + $0 $321,820 | $8,157 |
| 2018 | $0 + $0 $312,450 | $7,917 |
| 2017 | $0 + $0 $303,350 | $7,588 |
| 2016 | $0 + $0 $294,520 | $6,944 |
| 2015 | $0 + $0 $285,950 | $6,762 |
| 2014 | $0 + $0 $277,630 | $6,660 |
| 2013 | $unknown + $unknown $269,550 | $6,505 |
| 2012 | $unknown + $unknown $261,700 | $5,885 |
| 2011 | $unknown + $unknown $254,080 | $5,663 |
| 2010 | $unknown + $unknown $246,680 | $5,373 |
| 2009 | $unknown + $unknown $239,500 | $5,232 |
| 2008 | $unknown + $unknown $232,530 | $4,938 |
| 2007 | $unknown + $unknown $225,760 | $4,923 |
$995,000
RMLS
Operating Expense: 13105
Building Area Total: 3120
Building Exterior Type: VinylSiding
Property Age: 43
Property Condition: Existing
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.