$4,999,800
NEW CONSTRUCTION

Estimated payment $27,117/month

Total Views 25,287
1 Bed
2 Baths
9,690 Sq Ft
$516 Price per Sq Ft

Highlights

  • New Construction
  • View of Trees or Woods
  • Cooling Available
  • Glencoe Elementary School Rated A-
  • Corner Lot
  • High Speed Internet

About This Home

Exquisite modern, new construction 20-unit apt complex from a quality local builder with a mix of studio + 1 bed units including a generous 1,124 sf Retail Space that presents a perfect canvas that can be tailored to suit a wide range of ventures. Expertly crafted featuring expansive ceilings + open concept floor plan bringing an abundance of natural light with designer finishes + colors! Sleek custom cabinetry, desirable SS appliances + in-unit W/D + bike rack round out a few quality amenities. With remarkable proximity, in the heart of Belmont and just 0.6 miles to iconic Laurelhurst Park and blocks to Hawthornes vibrant shops + restaurants!

Listing Agent

Darryl Bodle

Keller Williams Realty Portland Premiere Brokerage Phone: 503-709-4632 License #199910100 Listed on: 07/13/2023

Keller Williams Realty Portland Premiere

Co-Listing Agent

Kelly Christian

Keller Williams Realty Portland Premiere Brokerage Phone: 503-709-4632 License #201231606

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,748

Year Built

  • Built in 2023 | New Construction

Lot Details

  • Corner Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Slab Foundation
  • Cement Siding
  • Metal Siding
  • Cedar

Interior Spaces

  • 9,690 Sq Ft Home
  • 3-Story Property
  • Views of Woods

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Schools

  • Glencoe Elementary School
  • Mt Tabor Middle School
  • Franklin High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number R233459

Community Details

Overview

  • 20 Units
  • Belmont Subdivision

Amenities

  • Common Area

Building Details

  • Operating Expense $66,751
  • Gross Income $327,888
  • Net Operating Income $261,137

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,748

Year Built

Built in 2023 | New Construction

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 2023
  • Property Condition: NewConstruction
  • Property Attached Yn: No
  • Open House: No
  • PublicRemarksAmenities: Interior photos are of similar plan by same builder, finishes may differ.
  • Special Features: 4098
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bedrooms: 1
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Brick,Cedar,CementSiding,MetalSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: Slab
  • View: Yes
  • Lot Features: CornerLot
  • Road Surface Type: Paved
  • Roof: Flat
  • View: TreesWoods

Garage/Parking

  • Parking Description: None
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Cooling: HeatPump
  • Cooling Y N: Yes
  • Heating: HeatPump
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Commons

Schools

  • Elementary School: Glencoe
  • High School: Franklin
  • Middle Or Junior School: Mt Tabor

Lot Info

  • Zoning: CM1
  • Parcel #: R233459

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 5748.5

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 20
  • Gross Rent Multiplier: 15.25
  • Annual Gross Income: 327888.0
  • Property Net Operating Income: 261137.0
  • Annual Operating Expense: 66751.0

Map

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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
07/25/2025 07/25/25 For Sale $4,999,800 0.0% $516 / Sq Ft
06/19/2025 06/19/25 Off Market $4,999,800 -- --
07/14/2023 07/14/23 For Sale $5,000,000 +825.9% $516 / Sq Ft
06/28/2019 06/28/19 Sold $540,000 -8.5% $272 / Sq Ft
05/23/2019 05/23/19 Pending -- -- --
05/21/2019 05/21/19 Price Changed $590,000 -1.7% $297 / Sq Ft
04/16/2019 04/16/19 Price Changed $600,000 -5.5% $302 / Sq Ft
04/04/2019 04/04/19 For Sale $635,000 -- $319 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23022381

Regional Multiple Listing Service (RMLS)