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$2,949,900   Price Analysis
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6115 NE Multnomah St
Portland, OR 97213
15 bed 15 bath 7,497 SqFt ($393/SqFt)
Built 2023
Listed 2023-11-07, Taxes $643
Ⓧ USDA Ineligible
due to price & location

near Portland

FULLY LEASED!

Bolster your investment portfolio with this phenomenal opportunity t own an exquisite, new construction 15-unit apartment complex from a quality local builder. Nestled near NEs hotspots, including the vibrant Hollywood district, charming Laurelhurst + Providence Medical, youll have everything you need at your doorstep with this sweet Rose City Park location. High-end finishes grace each space of these expertly crafted units which feature tall ceilings + an open concept floor plan bringing an abundance of natural light with designer tones + coveted covered patios / balcony spaces!

These 1 bedroom units boast a roomy floor plan with room for a King bed while bathroom features a tub! Custom cabinetry, desirable stainless-steel appliances, stackable W/D + AC finish out the interior! Bike storage with electrical bike hookups + enclosed trash area round out a few other notable items plus 1-year builder warranty with peace of mind + 15-year new construction rent-control exemption!


Presented by Darryl Bodle II at
Keller Williams Realty Portland Premiere.
Listing Agent Photo

Property MLS #23394419 from RMLS

Bedrooms: 15

Cooling Features: HeatPump
Heating Features: MiniSplit
Heating: Yes
Water Heaters: Electricity

Full Bathrooms: 15

Lot Description: Level

Elementary School: Rose City Park
High School: Leodis McDaniel
Middle School: Roseway Heights

Rose City Park is a public elementary school located approximately 0.5 miles away.
directions icon Map directions

Roseway Heights School is a public middle school located approximately 1.1 miles away.
directions icon Map directions

Madison High School is a public high school located approximately 1.2 miles away.
directions icon Map directions

Bridges Middle School is a private elementary and middle school located approximately 0.8 miles away.
directions icon Map directions

Gross Income: 250650

Number of Units: 15
Unit Type: UnitTypeType1
Bedrooms in Unit-1: 1
Total Bathrooms in Unit-1: 1

LotSizeRange: SqFt5000to6999
Annual Tax Amount: 657.6799999999
Source Listing Status: Active
County: Multnomah
Cap Rate: 6.17
Directions: NE 60th Ave, E on NE Multnomah St
Tax Year: 2023
Source Property Type: MultiFamily
Source Neighborhood: ROSE CITY PARK
Parcel Number: R279260
Subdivision: ROSE CITY PARK
Zoning: RM2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$24,100
$643
2021$unknown + $unknown
$23,400
$632
2020$unknown + $unknown
$22,720
$580
2019$unknown + $unknown
$22,060
$559
2018$unknown + $unknown
$21,420
$542
2017$unknown + $unknown
$20,800
$520
2016$unknown + $unknown
$20,200
$476
2015$unknown + $unknown
$19,620
$463
2014$unknown + $unknown
$19,050
$456
2013$unknown + $unknown
$18,500
$446
2012$unknown + $unknown
$17,970
$404
2011$unknown + $unknown
$17,450
$388
2010$unknown + $unknown
$16,950
$369
2009$unknown + $unknown
$16,460
$359
2008$unknown + $unknown
$15,990
$339
2007$unknown + $unknown
$15,530
$338

Price Changed 2024-05-10
$2,949,900
RMLS
Price Changed 2024-03-12
$2,979,900
RMLS
Price Changed 2024-01-20
$2,999,900
RMLS
Price Changed 2024-01-19
$0
RMLS
Listed 2023-11-07
$2,999,900
RMLS
Sold 2022-05-24
$577,000
RMLS
Sold 2018-04-04
$238,000
Public Record
Listing removed 2018-03-22
$249,000
RMLS
Listed 2018-03-16
$249,000
RMLS
Listing removed 2018-01-09
$0
AppfolioUnits
Listing removed 2017-12-01
$2,150
Rently
Price Changed for rent 2017-11-26
$2,150
AppfolioUnits
Price Changed for rent 2017-11-21
$2,150
Rently
Listed for rent 2017-10-20
$2,000
AppfolioUnits
Listed for rent 2017-10-19
$2,000
Rently
Listing removed 2016-01-15
$1,850
AppfolioUnits
Listed for rent 2015-12-01
$1,850
AppfolioUnits

Net Operating Income: 182055
Operating Expense: 68595

Year Built: 2023
Building Area Total: 7497
Building Exterior Type: CementSiding, LapSiding
New Construction: Yes
Property Age: 1
Property Condition: NewConstruction

Sewer: PublicSewer
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.