Massive price drop on this solid Mid-century 4 Plex. Variety of units for rich returns. Lots of opportunity to increase return on investment with this buy. Estimated 7.44 Cap Rate could be easy to reach based on market rents on newly updated units. Updates done in 2025 include (in some or all vacant units) interior paint, kitchen and bathroom fans and fixtures, lighting, flooring, cadet heaters. Four units + 3 separate garage leases creates multiple income streams. #121 - 1 bed/1 bath, hardwood floors. #123 - 2 bed/1 bath hardwoods. #125 3 bed/2 bath New LVP flooring thoughout. #127 2 bed/1 bath bamboo floors + new carpet in bedrooms. Low-e vinyl windows, double closets, tub + showers, on-site coin-op laundry. Additional $595/month income on 3 separately leased garage spaces. Located in the central eastside Kerns neighborhood smack dab in the middle of it all. Bamboo Sushi, Ken's Artisan Pizza, food pods, brews and more. Walk score = 96, bike score = 90. Walkers/bikers paradise! Lots of action + a desirable area for those drawn to the ease of living near work, food and fun, with many nearby parks.
Wood Land RealtyBrokerage Phone: 503-522-1691License #201204047
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$10,810
Year Built
Built in 1965 | Remodeled
Lot Details
5,227 Sq Ft Lot
Level Lot
Landscaped with Trees
Parking
On-Street Parking
Home Design
Composition Roof
Plywood Siding Panel T1-11
Concrete Perimeter Foundation
Interior Spaces
3,240 Sq Ft Home
2-Story Property
Crawl Space
Bedrooms and Bathrooms
6 Bedrooms
4 Bathrooms
Schools
Sunnyside Env Elementary And Middle School
Franklin High School
Utilities
No Cooling
Heating System Mounted To A Wall or Window
Baseboard Heating
Electric Water Heater
High Speed Internet
Listing and Financial Details
Assessor Parcel Number R214625
Community Details
Overview
No Home Owners Association
4 Units
Kerns Subdivision
Amenities
Laundry Facilities
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$10,810
Year Built
Built in 1965 | Remodeled
Lot Details
0
Listing Details
Standard Status: Active
MLS Status: Active
Property Type: MultiFamily
Stories: 2
Year Built: 1965
Property Condition: UpdatedRemodeled
Property Attached Yn: No
Open House: No
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Basement: CrawlSpace
Storage: None
Total Bedrooms: 6
Lot Size Range: SqFt5000to6999
Exterior Features
Exterior Description: T111Siding
Lot Size: 5,000 to 6,999 SqFt
Foundation Details: ConcretePerimeter
View: No
Lot Features: Level, Trees
Road Surface Type: Paved
Roof: Composition
Garage/Parking
Parking Description: OnStreet
Attached Garage: No
Utilities
Fuel Description: Electricity
Hot Water: Electricity
Internet Service Type: Cable,DSL
Cooling: None
Cooling Y N: No
Heating: Baseboard, WallHeater
Heating Yn: Yes
Sewer: PublicSewer
Water Source: PublicWater
Condo/Co-op/Association
Community Features: Laundry
Association: No
Schools
Elementary School: Sunnyside Env
High School: Franklin
Middle Or Junior School: Sunnyside Env
Lot Info
Zoning: R2.5
Lot Size Acres: 0.12
Lot Size Sq Ft: 5227.0
Parcel #: R214625
Green Features
Green Certification: No
Rental Info
Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water
Tax Info
Tax Deferral: No
Tax Year: 2024
Tax Annual Amount: 10810.27
Multi Family
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Number Of Units Total: 4
Map
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
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