Estimated payment $16,713/month
Fully rented, with recent rent increases, and several long-term tenants. Four apartment buildings on a nearly 3/4 acre lot: A townhouse style 6-plex with 2 bedroom, 1.1 bath, 933 sq. ft. units, built in 2005; a townhouse style 4-plex, with 2 bedroom, 1.1 bath, 933 sq. ft. units, built 2001; a duplex with 2 bedroom, 1 bath, 900 sq. ft. units, built 2001; and a 4-plex with three 2 bedroom, 1 bath units & one 1 bedroom, 1 bath unit, built 1966. All units have their own full-size washer & dryer, except the original 4-plex has a shared laundry. All townhouse-style units feature 9' ceilings on the main level. Tenants pay own electricity bills. Gross sq. ft. is gross rentable area, and doesn't include a shared laundry area in one building. Most units are located well off of Stark St. in a quiet setting with 26 parking spaces. School bus stops at the driveway. Cap rate is 6.13 using projected net income.
| Year | Tax Paid | Tax Assessment Tax 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. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $30,891 | $1,350,860 | -- | -- |
| 2023 | $29,686 | $1,311,520 | $0 | $0 |
| 2022 | $29,239 | $1,273,330 | $0 | $0 |
| 2021 | $28,857 | $1,236,250 | $0 | $0 |
| 2020 | $26,047 | $1,200,250 | $0 | $0 |
| 2019 | $24,721 | $1,165,300 | $0 | $0 |
| 2018 | $24,492 | $1,131,360 | $0 | $0 |
| 2017 | $23,620 | $1,098,410 | $0 | $0 |
| 2016 | $22,514 | $1,066,420 | $0 | $0 |
| 2015 | $21,909 | $1,035,360 | $0 | $0 |
| 2014 | $20,199 | $1,005,210 | $0 | $0 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/19/2025 02/19/25 | For Sale | $2,600,000 | 0.0% | $185 / Sq Ft |
| 02/03/2025 02/03/25 | Pending | -- | -- | -- |
| 06/12/2024 06/12/24 | For Sale | $2,600,000 | -- | $185 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $285,000 | Fidelity National Title Co |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $403,081 | Commercial | |
| Closed | $500,000 | Commercial | |
| Closed | $228,000 | No Value Available |
$2,950,000
Built in 2021, all units are rented/leasing, slab granite countertop, stainless steel appliances, laminate flooring, write offer subject to interior inspection, near bus line, and transit center. tenants pay for their utilities, owner maintaining the landscaping, and recycle/garbage. NOTE: interior pictures taken when building completed in late 2021.
Tim Wei Windermere Community Realty
$3,000,000
Great rental income opportunity!! This oversized lots have 11 unique spaces that include 9 two-story homes built in 2001 (4 duplexes, 1 single) & 2 detached single family residences built in 1949. Each home includes all appliances, washer, dryer, 2 parking spots & small private outdoor space! Parking lot resealed July 2022. Less than 1% vacancy rate. Owner pays for water, sewer & garbage. New
Ariel Sasser Property Group NW
$1,895,000
Incredible investment opportunity - Classic 9 unit building in Portland’s vibrant Buckman neighborhood! Filled with vintage Portland charm, this brick building sits up off the street with a serene courtyard entry and tuck under garages for each unit! Fully rented with eight 2 bed/1 bath units, one 1 bedroom unit, and a full basement complete with laundry, bike storage, and separate tenant
Tom Ramsey John L. Scott
$2,000,000
Amazing location for this 10 unit investment property! The building features 6 two bedroom units along with 4 one bedroom units. Units have been updated and include new cabinets, quartz countertops, tile and vinyl/laminate flooring, and paint on both the interior and exterior. Steady income producing property in an area which makes filling any vacancies effortless. Seller to do 1031 exchange at
George Bitrous 24/7 Properties
$2,349,900
PHENOMENAL location meets elevated design + modern architecture with this gorgeous new construction 7 unit condo! With an incredible 95 WalkScore/100BikeScore, this condo puts you within 0.05mi to idyllic restaurants, shops, coffee, + less than 0.5mi to Legacy Emanuel Hospital! Impeccably designed, find warm tones across these open concept floor plans boasting expansive windows for a light +
Darryl Bodle Keller Williams Realty Portland Premiere
$3,019,900
Hello, savvy investor—meet your next smart addition in Portland’s thriving Kenton neighborhood. I'm an 8-unit townhome-style property, purpose-built for lasting value and modern appeal. Thoughtfully designed with efficiency, durability, and style in mind, I offer the perfect blend of functionality and charm. Located in the heart of Kenton, one of North Portland’s most vibrant and up-and-coming
Darryl Bodle Keller Williams Realty Portland Premiere
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 24056070
APN: R109805
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