$2,800,000
$50K PRICE DROP

Estimated payment $17,492/month

Total Views 3,858
9 Beds
7 Baths
9,081 Sq Ft
$308 Price per Sq Ft

Highlights

  • Newly Remodeled
  • Forced Air Heating System
  • Wood Siding

About This Home

Introducing a prime investment opportunity at 436 NE Stafford St inPortland, OR. This 9,081 SF 10-unit multifamily property, constructed in 2018,offers an ideal blend of modern architecture and functionality. With closeattention to detail in design and construction, as well as a wide unit mix, thisproperty is poised to accommodate the needs of a dynamic tenant base.Embrace this chance to secure a premium multifamily asset in a classicPortland location, offering a compelling blend of quality construction andstrategic positioning.

Listing Agent

Jude Soldati

SMI Commercial Real Estate LLC License #201244226 Listed on: 02/19/2025

SMI Commercial Real Estate LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,338

Year Built

  • Built in 2018 | Newly Remodeled

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 9,081 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Schools

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

Utilities

  • No Cooling
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number R155394

Community Details

Overview

  • 10 Units
  • Woodlawn Subdivision

Building Details

  • Operating Expense $71,499
  • Gross Income $214,011
  • Net Operating Income $142,512

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,338

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 2018
  • Property Condition: NewConstruction
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 9
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: Slab
  • View: No
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

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

Lot Info

  • Zoning: CE
  • Parcel #: R155394

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Annual Amount: 24338.0

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 10
  • Gross Rent Multiplier: 13.08
  • Annual Gross Income: 214011.0
  • Property Net Operating Income: 142512.0
  • Annual Operating Expense: 71499.0

Map

Range of Values:

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Average Value
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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
04/15/2025 04/15/25 Price Changed $2,800,000 -1.8% $308 / Sq Ft
02/19/2025 02/19/25 For Sale $2,850,000 -- $314 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 276954757

Regional Multiple Listing Service (RMLS)