$3,999,900 Price Analysis    ♡   Portland, OR 97239 9 bed 18 bath 9,695 SqFt ($412/SqFt) 4,791SqFt lot. Built 2024 Listed 2024-06-28, Taxes $9,284 | Ⓧ USDA Ineligible due to price & location near Portland |
Invest in your future with this exceptional opportunity to acquire an impressive new 18-unit apartment building crafted by a trusted local builder.
Located in the vibrant South Waterfront district, this property offers unparalleled access to Portland's finest dining, coffee shops and is moments from downtown and OHSU. Each unit is meticulously designed with high-end finishes and boasts tall ceilings and an open floor plan that bathes the interiors in natural light. Designer tones complement the stylish aesthetic and select units feature coveted covered patios or balconies for outdoor enjoyment.
Inside, custom cabinetry, stainless-steel appliances and convenient stackable washer/dryer units ensure modern comfort and convenience. Residents will appreciate additional amenities such as bike storage and a dedicated trash area, enhancing the appeal of this prime investment opportunity. With a 1-year builder warranty included for peace of mind, this property represents a secure and attractive addition to any investment portfolio. Don't miss out on this chance to own a premier apartment complex in one of Portland's most sought-fter locations.
Presented by Darryl Bodle II at
Keller Williams Realty Portland Premiere.
Property MLS #24029999 from RMLS
Heating Features: Zoned
Heating Fuel: Electricity
Heating: Yes
Water Heaters: Electricity
Lot Size Acres: 0.1099862
Lot Size Dimensions: 100' x 50'
Lot Size Square Feet: 4791
High School: Ida B Wells
Middle School: Jackson
Map directions Map directions Map directions Map directionsUnit Type: UnitTypeType1, UnitTypeType10, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8, UnitTypeType9
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 1
Bedrooms in Unit-8: 1
Bedrooms in Unit-9: 1
Bedrooms in Unit-10: 1
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
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Total Bathrooms in Unit-9: 1
Total Bathrooms in Unit-10: 1
Annual Tax Amount: 13542.62999999
Source Listing Status: Active
County: Multnomah
Cap Rate: 5.18
Directions: Corner of S Hood Ave & S Lane St
Tax Year: 2023
Source Property Type: MultiFamily
Source Neighborhood: SOUTH PORTLAND
Parcel Number: R129249
Subdivision: SOUTH PORTLAND
Zoning: RM3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $365,860 | $9,284 |
| 2021 | $unknown + $unknown $355,210 | $8,875 |
| 2020 | $unknown + $unknown $344,870 | $8,724 |
| 2019 | $unknown + $unknown $334,830 | $8,478 |
| 2018 | $unknown + $unknown $307,740 | $7,789 |
| 2017 | $unknown + $unknown $298,780 | $7,465 |
| 2016 | $unknown + $unknown $290,080 | $6,832 |
| 2015 | $unknown + $unknown $281,640 | $6,546 |
| 2014 | $unknown + $unknown $273,440 | $5,673 |
| 2013 | $unknown + $unknown $265,480 | $5,959 |
| 2012 | $unknown + $unknown $257,750 | $5,363 |
| 2011 | $unknown + $unknown $250,250 | $5,534 |
| 2010 | $unknown + $unknown $242,970 | $5,279 |
| 2009 | $unknown + $unknown $235,900 | $5,139 |
| 2008 | $unknown + $unknown $229,030 | $4,851 |
| 2007 | $unknown + $unknown $222,360 | $4,841 |
$3,999,900
RMLS
Sold 2019-11-27
$605,000
Public Record
Sold 2018-01-22
$450,000
Public Record
Sold 1999-07-08
$182,000
Public Record
Sold 1994-01-12
$169,950
Public Record
Sold 1993-01-13
$105,000
Public Record
Operating Expense: 76997
Building Area Total: 9695
Building Exterior Type: CementSiding
Foundation Details: Slab
New Construction: Yes
Property Condition: NewConstruction
Roof: Metal
Levels or Stories: 4
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.