2431 SE 141ST AVE Active

Portland,OR 97233

$ 949000

- Bed

- Bath

4516 SqFt


Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,516 sqft

Price per Sqft $210

Subdivision Hw-Hazelwood

MLS Listing ID 24301823

Year Built 1998

Annual Tax Amount $10,205

Tax Year 2023

Lot Size 9,583 Sqft

Property Description

Projected CAP Rate for 2024 is 5.63% Excellent opportunity for investor or owner occupied investor. This well built 1998 4Plex has been meticulously maintained for years. Unit #1 is located (eastside) above the 3 garages with additional assigned parking for each unit. Units #2 and #3 are two levels. Unit #4 is one level built to 1998 ADA standards. There is huge upside potential for increased rent rates to maximize net operating profit and create a possible cap rate of over 7%. No sign on property. Please do not disturb tenants. Please call me with questions.

Location

State OR

County Multnomah

Area _143

Zoning RM1

Interior

Heating Forced Air, Wall Heater

Cooling Wall Unit

Exterior

Garage Spaces 3.0

Roof Type Composition

Building

Lot Description Level

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Schools

Elementary Schools Lincoln Park

Middle Schools Ron Russell

High Schools David Douglas

Others

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

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