$599,000

Estimated payment $3,541/month

Total Views 3,125
-- Bed
-- Bath
5,588 Sq Ft
$107 Price per Sq Ft

About This Home

Solid, stabilized, corner brick 6-flat in popular Auburn Gresham, one block north of 79th Street at Honore and 78th Street. On a nice block with many well-cared-for bungalows in an appreciating area and near transportation, shopping and more, this building is worth adding to your portfolio. 5 units are spacious two bedroom, one bath apartments and one unit is a three bedroom, one bath. Improvements made include a new roof in 2020, and tuckpointing and lintel replacement in 2022. Some units have been recently updated. Building has an installed security system in place. Tenants pay their own heat, which means strong financial performance. There is also additional upside for a new owner in higher rents, for charging for 3 off-street parking spaces, and possibly putting in coin laundry. One unit is available for first showing purposes so book now!

Listing Agent

David Urbaniak

@properties Commercial License #475114531 Listed on: 06/10/2025

@properties Commercial

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,191

Year Built

  • Built in 1928

Lot Details

  • 3,750 Sq Ft Lot
  • Lot Dimensions are 30 x 125

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Membrane Roofing
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,588 Sq Ft Home
  • 3-Story Property

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $293
  • Fuel Expense $1,200
  • Insurance Expense $3,800
  • Maintenance Expense $1,800
  • Other Expense $4,652
  • Trash Expense $1,104
  • Water Sewer Expense $3,000
  • Operating Expense $20,640
  • Gross Income $77,532
  • Net Operating Income $56,892

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,191

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1928
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required,No Sign on Property
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Drive-In Doors: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 0
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • List Price: 599000
  • Roof: Membrane
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: None
  • Heat/Ventilation: Forced Air,Gas

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N

Fee Information

  • Trash Expense: 1104
  • Water Sewer Expenses: 3000
  • Janitor Expense: 600
  • Operating Expense Includes: Trash,Utilities,Vacancy Allowance,Water/Sewer,Electricity,Real Estate Tax,Hot Water

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 30 X 125
  • Lot Size Sq Ft: 3750
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 5588

Multi Family

  • Net Operating Income: 56892
  • Fuel Expense: 1200
  • Insurance Expense: 3800
  • ElectricExpense: 293
  • GrossIncome: 77532
  • Maintenance Expense: 1800
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 20640
  • Expense Year: 2024
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 4191
  • Tax Year: 2023

Map

Range of Values:

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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 Change Sq Ft Price
06/10/2025 06/10/25 For Sale $599,000 0.0% $107 / Sq Ft
02/10/2025 02/10/25 Off Market -- -- --
02/05/2025 02/05/25 For Rent -- -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12384274

Midwest Real Estate Data (MRED)