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$1949000   Price Analysis
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7424 N Saint Louis Ave
Portland, OR 97203
6 bed 12 bath 7665 SqFt ($254/SqFt)
4356SqFt lot. Built 2020
Listed 2024-07-10, Taxes $23186
Ⓧ USDA Ineligible
due to price & location

near Portland

Introducing North Louie Apartments

* Sale Pending *

A contemporary living experience in the vibrant St. Johns neighborhood. Built in 2020, this 12-unit apartment community offers a range of modern studio, one- and two-bedroom units boasting desirable amenities such as stainless steel appliances, quartz countertops and wood vinyl flooring. Each unit features large windows, air conditioning and an in-unit washer/dryer for added convenience. Beyond the individual units, residents enjoy access to community amenities including a dedi cated dog and bike washing area, bike storage facilities and secured entry for peace of mind.

Situated within a neighborhood setting, the North Louie Apartments provide a seamless blend of urban convenience and natural tranquility. Just minutes from the bustling dining, retail and entertainment scene of central St. Johns and a stone?s throw from picturesque Cathedral Park, resdents have easy access to everything the area has to offer. Moreover, with Forest Park across the iconic St. Johns Bridge, outdoor enthusiasts can explore miles of scenic trails right on their doorstep.


Presented by Greg Messick at
Realty Net, LLC.
Listing Agent Photo

Property MLS #24452518 from RMLS

Bedrooms: 6

Full Bathrooms: 12

Heating Features: MiniSplit
Heating Fuel: Electricity
Heating: Yes
Water Heaters: Electricity

Lot Size Acres: 0.1
Lot Size Square Feet: 4356

Road Surface Type: Paved

Elementary School: James John
High School: Roosevelt
Middle School: George

James John Elementary School is a public elementary school located approximately 0.3 miles away.
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Roosevelt High School is a public high school located approximately 0.9 miles away.
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George Middle School is a public middle school located approximately 1 miles away.
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Pathfinder Academy is a private high school located approximately 0.3 miles away.
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Gross Income: 177024
Gross Scheduled Income: 177024
Rent Includes: Sewer, Water

Number of Units: 12
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1

LotSizeRange: SqFt3000to4999
Annual Tax Amount: 23699.65999999
Source Listing Status: Pending
County: Multnomah
Cap Rate: 6
Directions: N St Louis Ave and N Lombard St
Tax Year: 2023
Source Property Type: MultiFamily
Parcel Number: R699161
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$868330
$23186
2021$unknown + $unknown
$843040
$22793
2020$unknown + $unknown
$245770
$6278
2019$unknown + $unknown
$37140
$941

Listed 2024-07-10
$1949000
RMLS

Net Operating Income: 116913
Operating Expense: 68558

Year Built: 2020
Building Area Total: 7665
Building Exterior Type: WoodSiding
Foundation Details: Slab
New Construction: Yes
Property Age: 4
Property Condition: NewConstruction
Roof: Shingle
Levels or Stories: 3

Sewer: PublicSewer
Water Source: PublicWater

Security Features: Entry, FireSprinklerSystem, IntercomEntry
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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.