NOT LISTED FOR SALE
1 Bed
1 Bath
11,491 Sq Ft
4,791 Sq Ft Lot

Last Sold April 26, 2024

Last sale price $4,250,000 $370 Per Sq Ft

31 Days on Market

Highlights

  • New Construction
  • 4-minute walk to N Killingsworth
  • Corner Lot
  • Beach Elementary School Rated 9+
  • Waterfront
  • Cooling Available

About This Home

As of April 2024

Exquisite modern, new construction 20-unit apt complex from a quality local builder with a mix of great preforming studio +1 bed units including a 910 sf Retail Space. Fully leased, stabilized + ready for you to bolster your investment portfolio! Expertly crafted units featuring expansive ceilings + open concept floor plan bringing an abundance of natural light with designer finishes + colors with coveted balconies! Sleek custom cabinetry, desirable stainless-steel appliances, full size in-unit W/D + bike rack round out a few quality amenities! Remarkable proximity to N PDXs sought after and vibrant restaurants, shops, parks, public transit + freeway! Scoring a phenomenal 100Bikescore the proximity can't be beat!

Last Agent to Sell the Property

Darryl Bodle

Keller Williams Realty Portland Premiere License #199910100 Listed on: 01/19/2024

Keller Williams Realty Portland Premiere

Co-Listed By

Kelly Christian

Keller Williams Realty Portland Premiere License #201231606

Last Buyer's Agent

Torsten Holmgren

Blue Key Realty License #201203244

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $39,479

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 4,791 Sq Ft Lot
  • Waterfront
  • Corner Lot

Home Design

  • Wood Siding
  • Lap Siding

Interior Spaces

  • 11,491 Sq Ft Home
  • 3-Story Property

Schools

  • Beach Elementary School
  • Ockley Green Middle School
  • Jefferson High School

Utilities

  • Cooling Available
  • Heat Exchanger
  • Mini Split Heat Pump
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, water
  • Assessor Parcel Number R219468

Community Details

Overview

  • 20 Units

Building Details

  • Operating Expense $89,946
  • Gross Income $347,296
  • Net Operating Income $257,350

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$39,479

Year Built

Built in 2022 | New Construction

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 2022
  • Property Condition: NewConstruction
  • Property Attached Yn: No
  • Current Price For Status: 4250000.0
  • Open House: No
  • Special Features: 4098
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: LapSiding,WoodSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • Waterfront: Yes
  • View: No
  • Lot Features: CornerLot
  • Waterfront Features: Other

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: HeatExchanger
  • Cooling Y N: Yes
  • Heating: MiniSplit
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Beach
  • High School: Jefferson
  • Middle Or Junior School: Ockley Green

Lot Info

  • Zoning: CM3
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4791.0
  • Parcel #: R219468

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 39479.07

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 20
  • Gross Rent Multiplier: 12.96
  • Annual Gross Income: 347296.0
  • Property Net Operating Income: 257350.0
  • Annual Operating Expense: 89946.0

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2024 04/26/24 Sold $4,250,000 -5.6% $370 / Sq Ft
01/19/2024 01/19/24 For Sale $4,499,900 0.0% $392 / Sq Ft
11/21/2023 11/21/23 Price Changed $1,495 +22.0% $2 / Sq Ft
10/25/2023 10/25/23 Price Changed $1,225 -1.6% $2 / Sq Ft
09/27/2023 09/27/23 Price Changed $1,245 -3.9% $2 / Sq Ft
09/08/2023 09/08/23 Price Changed $1,295 +4.0% $2 / Sq Ft
09/01/2023 09/01/23 Price Changed $1,245 -3.9% $2 / Sq Ft
08/07/2023 08/07/23 For Rent $1,295 0.0% --
06/23/2023 06/23/23 Price Changed $1,295 0.0% $2 / Sq Ft
06/23/2023 06/23/23 For Rent $1,295 +5.7% --
12/09/2022 12/09/22 For Rent -- -- --
09/15/2022 09/15/22 Price Changed $1,225 -5.4% $2 / Sq Ft
07/28/2022 07/28/22 Price Changed $1,295 +5.7% $2 / Sq Ft
06/07/2022 06/07/22 For Rent $1,225 0.0% --
05/20/2022 05/20/22 For Rent $1,225 -- --
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24208236

Regional Multiple Listing Service (RMLS)