*** 7.5% CAP RATE *** EXCELLENT CASH FLOW with VALUE ADD OPPORTUNITY *** This amazing .34 acre property has three homes and possibly room for one more. All three ROOFS ARE NEW and all three have RECENT INTERIOR UPDATES. Fully rented and ready! Very convenient location close to I-205 and many amenities. Hurry now before this opportunity is gone! [Home Energy Score = 2. HES Report at
RE/MAX Equity GroupLicense #200501139Listed on: 04/16/2025
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$6,032
Year Built
Built in 1984
Lot Details
0.34 Acre Lot
Level Lot
Home Design
Composition Roof
Wood Siding
Vinyl Siding
Interior Spaces
3,095 Sq Ft Home
1-Story Property
Bedrooms and Bathrooms
8 Bedrooms
4 Bathrooms
Parking
10 Parking Spaces
Paved Parking
Eco-Friendly Details
Green Certified Home
Schools
Earl Boyles Elementary School
Ron Russell Middle School
David Douglas High School
Utilities
No Cooling
Heating System Uses Gas
Heating System Mounted To A Wall or Window
Electric Water Heater
Listing and Financial Details
Assessor Parcel Number R218313
Community Details
Overview
3 Units
Building Details
Operating Expense $13,551
Gross Income $64,560
Net Operating Income $51,009
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$6,032
Year Built
Built in 1984
Lot Details
0
Listing Details
Standard Status: Active
MLS Status: Active
Property Type: MultiFamily
Stories: 1
Year Built: 1984
Property Attached Yn: No
Open House: No
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Total Bedrooms: 8
Lot Size Range: SqFt10000to14999
Exterior Features
Exterior Description: VinylSiding,WoodSiding
Lot Size: 10,000 to 14,999 SqFt
View: No
Lot Features: Level
Road Surface Type: Paved
Roof: Composition
Garage/Parking
Parking Description: Paved
Attached Garage: No
Total Parking Spaces: 10.0
Utilities
Fuel Description: Gas
Hot Water: Electricity
Cooling Y N: No
Heating: WallHeater
Heating Yn: No
Sewer: PublicSewer
Water Source: PublicWater
Schools
Elementary School: Earl Boyles
High School: David Douglas
Middle Or Junior School: Ron Russell
Lot Info
Zoning: R5
Lot Size Acres: 0.34
Lot Size Sq Ft: 14810.0
Parcel #: R218313
Green Features
Green Certification: Yes
Rental Info
Rent Includes: Sewer, TrashCollection, Water
Tax Info
Tax Deferral: No
Tax Year: 2024
Tax Annual Amount: 6031.56
Multi Family
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Number Of Units Total: 3
Gross Rent Multiplier: 10.3
Annual Gross Income: 64560.0
Property Net Operating Income: 51009.0
Annual Operating Expense: 13551.0
Map
Range of Values:
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Average Value
Not Available
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
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
Jason is committed to excellence and to providing professional, result-driven service. His dedication to the highest ethical standards is the foundation from which a solid business relationship is built.
The Kennedy Team is made up of Jason Kennedy and Matt Kennedy and their office administrator Teri. Combined they have over 60 years of experience and Jason and Matt are consistently among the top producing agents in their office. This includes 2024 #1 Oregon RE/MAX Commerical Team and
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*** GORGEOUS 1.4 ACRE PROPERTY WITH 36X36 HEATED & COOLED SHOP *** Come enjoy this perfectly laid out acreage property with plenty of mature landscaping and a fully fenced yard with multiple separately fenced areas for pets and animals. The 1 level living ranch home has MANY UPDATES: new furnace & A/C, water heater, well pressure tank, septic tank and newer appliances. The home lives large and
CASH ONLY. This home is in need of major repairs and is being sold for lot value. The roof leaks and the home has extensive water damage, electrical issues, and no heat source. However, it is walkable and has a surface appearance of being in ok shape.
*** AMAZING VALUE - $40,000 BELOW COMPETITION *** SPACIOUS FENCED IN BACKYARD with SHED and GARDEN *** You will not find another comparable home with so much for this price. NEW LUXURY VINYL PLANK throughout the main level, stainless steel appliances, laundry room with sink, spacious master suite with walk in closet and bathroom, etc... The main level lives large with an open concept great
WANT A 4 BED 2 BATH HOME FOR LESS THAN $300,000?!?!?! Purchase the Rosewood with Factory Expo and that is theoretically possible. Do your due diligence, but this appears to have all utilities stubbed to lot and is ready to go! Very conveniently located between Portland and Salem with easy commutes to either. This is a great opportunity!
AMAZING LOCATION FOR THIS AFFORDABLE LOT!!! Located between Portland and Salem with easy commutes to each, this lot is ready to place your new home. Pick a large upgraded home, or choose an affordable option. In either scenario, you could be in your new home in no time at all. This is a great deal and won't last! Hurry now before it's gone!!!
*** MOVE IN READY TOUR OF HOMES MASTERPIECE *** BEAUTIFUL CUSTOM HOME with HIGH END FINISHES *** The well laid out floor plan has MAIN LEVEL LIVING - master bedroom, 2nd bedroom, 2nd full bathroom, office and laundry on the main. Upstairs has 2 bedrooms, a full bathroom and a bonus room. THREE CAR GARAGE with 2 EV CHARGERS and lots of space. The generous lot backs to acreage properties -
Bring your tool bag and get ready to earn some sweat equity! Lots of updating complete and plenty more to do. This 39.2 acres has stunning views of the valley and is a one of a kind property. There are two barns and lots of pasture for your animals. Call for details.
BEAUTIFUL UPDATED HOME tucked away in a peaceful quiet location!!! This END UNIT backs to an open space which makes you feel like you've gotten away from it all. Relax on your back patio and enjoy nature! NEW FLOORING, PAINT, toilets, and more!!! The home features two very large bedrooms and 2 full bathrooms plus a powder room. The spacious open concept living room, dining room and kitchen
This home is located at 4915 SE 111th Ave, Portland, OR 97266 and is currently priced at $665,000, approximately $214 per square foot. This property was built in 1984. 4915 SE 111th Ave is a home located in Multnomah County with nearby schools including Earl Boyles Elementary School, Ron Russell Middle School, and David Douglas High School.
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