$3,199,900
NEW CONSTRUCTION

Estimated payment $20,249/month

Total Views 5,254
8 Beds
8 Baths
7,548 Sq Ft
$424 Price per Sq Ft

Highlights

  • New Construction
  • 5-minute walk to Rosa Parks
  • Zoned Heating
  • Chief Joseph Elementary School Rated 9+
  • View of Trees or Woods
  • Level Lot

About This Home

Two exquisite, modern NEW 6-unit apartment complexes from quality local builder with 1 bed + 2 bed units in vibrant Arbor Lodge! Thoughtfully designed + flooding with light this impeccable open concept plex boasts high-end features, tall ceilings + neutral designer tones! Quality can be seen with a custom kitchen featuring gorgeous tilework, slab counters, SS appliances, expansive windows + doors out to a privately fenced backyard with patio! Bolster your investment portfolio with amazing quality + peace of mind + 1-year Builder Warranty! Phenomenal 92Bikescore, just blocks to restaurants, parks, shops + transit!

Listing Agent

Darryl Bodle

Keller Williams Realty Portland Premiere Brokerage Phone: 503-709-4632 License #199910100 Listed on: 08/29/2024

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

Year Built

  • Built in 2023 | New Construction

Lot Details

  • Level Lot

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Lap Siding
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 7,548 Sq Ft Home
  • 2-Story Property
  • Views of Woods

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Schools

  • Chief Joseph Elementary School
  • Ockley Green Middle School
  • Jefferson High School

Utilities

  • No Cooling
  • Zoned Heating

Listing and Financial Details

  • Assessor Parcel Number New Construction

Community Details

Overview

  • 12 Units
  • Arbor Lodge Subdivision

Building Details

  • Operating Expense $50,927
  • Gross Income $215,700
  • Net Operating Income $164,773

Property Details

Home Type

Multi-Family

Year Built

Built in 2023 | New Construction

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2023
  • Property Condition: NewConstruction
  • Property Attached Yn: No
  • Open House: No
  • Special Features: 4098
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 8
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: CementSiding,LapSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter, Slab
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Flat
  • View: TreesWoods

Garage/Parking

  • Attached Garage: No

Utilities

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

Schools

  • Elementary School: Chief Joseph
  • High School: Jefferson
  • Middle Or Junior School: Ockley Green

Lot Info

  • Zoning: RM3d
  • Parcel #: New Construction

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
  • Number Of Units Total: 12
  • Gross Rent Multiplier: 14.83
  • Annual Gross Income: 215700.0
  • Property Net Operating Income: 164773.0
  • Annual Operating Expense: 50927.0

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
08/08/2025 08/08/25 Price Changed $1,599,900 0.0% $424 / Sq Ft
08/08/2025 08/08/25 For Sale $1,599,900 -50.0% $424 / Sq Ft
07/25/2025 07/25/25 For Sale $3,199,900 0.0% $424 / Sq Ft
06/19/2025 06/19/25 Off Market $3,199,900 -- --
03/26/2025 03/26/25 For Sale $3,199,900 0.0% $424 / Sq Ft
03/02/2025 03/02/25 Off Market $3,199,900 -- --
08/29/2024 08/29/24 For Sale $3,199,900 +96.9% $424 / Sq Ft
06/05/2024 06/05/24 Off Market $1,625,000 -- --
04/24/2024 04/24/24 Price Changed $1,499,900 -3.2% $397 / Sq Ft
03/12/2024 03/12/24 Price Changed $1,549,900 -2.8% $411 / Sq Ft
03/12/2024 03/12/24 For Sale $1,595,000 0.0% $423 / Sq Ft
10/26/2023 10/26/23 Off Market $1,595,000 -- --
08/16/2023 08/16/23 For Sale $1,595,000 -- $423 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24547726

Regional Multiple Listing Service (RMLS)