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Listed by MORE Realty • 971-645-6977
$849,900
Est. payment /mo
3,984 SqFt
New
8128 NE BEECH ST Portland, OR 97213
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UPDATED:
12/24/2024 01:49 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,984 sqft
Price per Sqft $213
Subdivision Madison South
MLS Listing ID 24345569
Year Built 1954
Annual Tax Amount $11,580
Tax Year 2024
Lot Size 5,227 Sqft
Property Description
This well-maintained 4-plex offers a solid 5.72% CAP Rate and a 12.21 GRM, with significant potential for financial growth. Minor cosmetic upgrades could unlock higher market rents, maximizing your returns. The property features a 5-year-old roof, minimizing immediate maintenance costs.Strategically located on a bus line, this property appeals to tenants seeking convenience, with restaurants, coffee shops, shopping, schools, and parks all within half a mile. One unit boasts private laundry, while the remaining three units share a well-equipped laundry room.A fantastic opportunity to capitalize on Portland's thriving rental market!
Location
State OR
County Multnomah
Area _142
Zoning RM1
Rooms
Basement Unfinished
Interior
Heating Wall Heater, Zoned
Exterior
Garage Spaces 1.0
View Territorial
Roof Type Shingle
Garage No
Building
Lot Description Corner Lot, Level
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Jason Lee
Middle Schools Roseway Heights
High Schools Leodis Mcdaniel
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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