Bought with Oregon First
$1,472,000
$1,550,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
5,600 SqFt
SOLD DATE : 09/29/2025
Key Details
Sold Price $1,472,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,600 sqft
Price per Sqft $262
MLS Listing ID 707812858
Sold Date 09/29/25
Year Built 1978
Annual Tax Amount $15,456
Lot Size 9,147 Sqft
Property Description
Turn-key 8-Unit apartment with upside in the trendy Brooklyn Neighborhood of close-in SE Portland. Built in 1976, the unit mix is comprised of four 2-bed/1-bath units and four 1-bed/1-bath units with an average of 700 square feet. A majority of the units have been remodeled, with the most recent one achieving strong rents, providing a roadmap for future renovation and income growth on the remaining classic units. Additional upside can be achieve through putting all units on utility reimbursements as some do not currently pay RUBS. All units feature full kitchens and washer/ dryers, a rare amenity for apartments in this neighborhood. Tenants enjoy off-street parking in the dedicated parking lot.
Location
State OR
County Multnomah
Community Alllandscaping
Area _142
Zoning mult
Rooms
Basement None
Interior
Heating Baseboard
Cooling None
Exterior
Community Features AllLandscaping
Roof Type Composition,Shingle
Garage No
Building
Story 2
Foundation Slab
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Middle Schools Hosford
Others
Acceptable Financing CallListingAgent, Cash, Conventional
Listing Terms CallListingAgent, Cash, Conventional
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