$975,000
$75K PRICE DROP

Estimated payment $5,840/month

Total Views 2,058
1 Bed
2 Baths
4,500 Sq Ft
$217 Price per Sq Ft

Highlights

  • Corner Lot
  • Property is near a bus stop
  • Laundry Facilities
  • No HOA
  • Baseboard Heating

About This Home

Owner will carry for qualified buyer - call for details! Khari Gates: (503)830-1118 Located in the Woodstock Neighborhood of Southeast Portland, Woodstock Apartments is a 7-unit property comprised of six (6) one (1) bedroom and one (1) bathroom apartments and one (1) studio apartment. The one (1) bedroom apartments range in size from ~550 square feet to ~650 square feet and the studio apartment is ~500 square feet. Amenities include private off-street parking and coin-less laundry facilities. Since acquiring the property the ownership team have replaced all of the windows and updated all of the units. Recent updates include but are not limited to the following, Roof 2024, Siding (partial) 2024, Central Hot Water Heater 2023, and Remodeled Kitchens (3 units). Woodstock Apartments presents an opportunity for an investor to acquire an asset in a desirable location, implement operational efficiencies and to capitalize on the below market rents $296 (24.9%) and $180 (16.4%) for one (1) bedroom and studio apartments in the area, respectively.*Market Rents based on 12-month average rents for 1BR/1BA and 0BR/1BA apartments within 1.5-mile radius of subject property. Sample Size: 59 properties and 17 properties, respectively. Source: Rentometer 7/29/2025

Listing Agent

Jude Soldati

SMI Commercial Real Estate LLC License #201244226 Listed on: 09/05/2025

SMI Commercial Real Estate LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,545

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 4,500 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Unfinished Basement

  • Partial Basement
  • Basement Storage

Parking

  • Off-Street Parking
  • Assigned Parking

Schools

  • Woodmere Elementary School
  • Lane Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Heating System Uses Oil
  • Baseboard Heating

Additional Features

  • Corner Lot
  • Property is near a bus stop

Listing and Financial Details

  • Assessor Parcel Number R312119

Community Details

Overview

  • No Home Owners Association
  • 7 Units
  • Mt Scott Arleta Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $44,195
  • Gross Income $98,520
  • Net Operating Income $60,901

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,545

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2027
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Current Price For Status: 975000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: PartialBasement, Unfinished
  • Storage: Basement
  • Total Bedrooms: 1
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: Cedar,Other,T111Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: CornerLot, OnBusline, PublicRoad
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Assigned, OffStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity,Oil
  • Security: Unknown
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry
  • Association: No

Schools

  • Elementary School: Woodmere
  • High School: Franklin
  • Middle Or Junior School: Lane

Lot Info

  • Zoning: RM2
  • Parcel #: R312119

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 8545.0

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 7
  • Gross Rent Multiplier: 9.9
  • Annual Gross Income: 98520.0
  • Property Net Operating Income: 60901.0
  • Annual Operating Expense: 44195.0

Map

Range of Values:

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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 List to Sale Price per Sq Ft
10/09/2025 10/09/25 Price Changed $975,000 -7.1% $217 / Sq Ft
09/05/2025 09/05/25 For Sale $1,050,000 -- $233 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 497636702

Regional Multiple Listing Service (RMLS)

APN: 1S2E17DC 00100