Studs-Out remodel with exceptional craftsman touches and thoughtful upgrades throughout. This building is a 10! Perfect for owner occupants looking for a premium stand-alone artist/workshop/studio! Welcome home to the iconic Brooklyn Apartments! 8 Residential units in total (plus shop, office and basement). The original 1907 building has been lovingly cared for and completely updated with new systems all while keeping the vintage charm of the Arts & Crafts era intact. The original building includes a mix of (2) 2-bedroom, (4) 1-bedroom units and (1) studio apartment with a separate office space in the basement. All the units feature stylish finishes, creative use of space and vintage flair! The building's basement is very spacious and open area for future storage / extra unit potential. The detached ADU (garage/shop with 2-bedroom owner's unit) was built in 2013 and is perfect for the woodworker, artist or craft maker looking for their own detached and free-standing 873sf shop! The unit features amazing views to the east off their own private deck. The unit itself is dialed-in with gorgeous crown molding and built-ins throughout. The shop is fully functional with all the electrical upgrades one would expect. The building is currently fully occupied with projected income of $162,180 annually and projected NOI of $110,410. All units have been given rent increase notices to be effective 4/1/25 making this an attractive truly turn-key investment. The seller is a carpenter and a craftsman - the pride of ownership will amaze you.
Last Agent to Sell the Property
Opt License #200312221 Listed on: 08/06/2024
$1,725,000
4435 SE Belmont presents a rare chance to acquire a 12-unit multifamily asset in the high-demand Sunnyside neighborhood of southeast Portland. Located along the thriving Belmont retail corridor, the property benefits from walkable amenities, excellent transit access, and consistent tenant demand. The unit mix and property condition support stable cash flow with potential for rent growth through
Jordan Fezler Apex Residential
$1,950,000
** UNBELIEVABLE VALUE ON THIS BRAND NEW 6-PLEX **. 2 Bed/2.1 Baths with 900SF each. MODERN design in sought after SE location! Light and bright with lots of windows, open floor layout, private patio, SS appliances, quartz counters, upscale finishes, and high ceilings. Amazing location with close proximity to your favorite dining, shopping, and entertainment! Plenty of street parking too! Builder
Aleksander Koval The Koval Group
$1,395,000
Great owner-operator/occupied option. Exceptional location! Walkability 10/10. Very low utility cost. Charming, single-level building. Each unit has a great layout and a home-like feeling. Wood floors throughout. Excellent tenants in place. Easy to rent. Low turnover rate. Wallace Park is across the street. Walk to restaurants, coffee, shops, grocery stores, schools and hospital. Seller is
Reese Iris Windermere Realty Trust
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/03/2025 01/03/25 | Sold | $1,800,000 | -2.7% | $177 / Sq Ft |
| 11/22/2024 11/22/24 | Pending | -- | -- | -- |
| 10/02/2024 10/02/24 | Price Changed | $1,850,000 | -5.1% | $182 / Sq Ft |
| 08/06/2024 08/06/24 | For Sale | $1,950,000 | -- | $192 / Sq Ft |
Seller's Agent in 2025
Theresa deSousa + Brian Spear
Opt
(503) 515-9374
1 in this area
135 Total Sales
Seller Co-Listing Agent in 2025
Brian Porter
Opt
(503) 810-2219
1 in this area
198 Total Sales
Buyer's Agent in 2025
Rebecca Krueger
RE/MAX
(503) 313-4398
1 in this area
272 Total Sales
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 24024292
APN: 1S1E11CD 11600
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