$2600000
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15 Bed
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13 Bath
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14080 SqFt
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381 DOM
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Built: 2005
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Status: Active
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Fully rented, with recent rent increases, and several long-term tenants. Four apartment buildings on a nearly 3/4 acre lot: A townhouse style 6-plex with 2 bedroom, 1.1 bath, 933 sq. ft. units, built in 2005; a townhouse style 4-plex, with 2 bedroom, 1.1 bath, 933 sq. ft. units, built 2001; a duplex with 2 bedroom, 1 bath, 900 sq. ft. units, built 2001; and a 4-plex with three 2 bedroom, 1 bath units & one 1 bedroom, 1 bath unit, built 1966. All units have their own full-size washer & dryer, except the original 4-plex has a shared laundry. All townhouse-style units feature 9' ceilings on the main level. Tenants pay own electricity bills. Gross sq. ft. is gross rentable area, and doesn't include a shared laundry area in one building. Most units are located well off of Stark St. in a quiet setting with 26 parking spaces. School bus stops at the driveway. Cap rate is 6.13 using projected net income.
Listing Provided Courtesy of Wayne Sanman, RE/MAX Equity Group
General Information
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24056070
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381 DOM
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15
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0.73 acres
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13
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14080
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2005
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RM3
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Multnomah
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R109805
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Glenfair
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H.B. Lee
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Reynolds
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MultiFamily
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ASCOT AC, LOT 253 EXC E 90' OF S 120' EXC PT IN ST
Listing Provided Courtesy of Wayne Sanman, RE/MAX Equity Group
PDXA1 Realty Group data last checked: Jul 25, 2025 08:07 | Listing last modified Jun 28, 2025 07:46,
Source:
Residence Information
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14080
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15
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13
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Composition
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OffStreet,Paved
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2
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2005
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No
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Brick, CementSiding, T111Siding
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CrawlSpace,PartialBasement,PartiallyFinished
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-
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CrawlSpace,PartialBa
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ConcretePerimeter
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Features and Utilities
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Electricity
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Radiant, Zoned
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PublicSewer
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Electricity
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Electricity
Financial
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30890.79
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0
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Sewer,TrashCollection,Water
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-
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Cash,Conventional
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06-12-2024
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No
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No
Comparable Information
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381
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408
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Cash,Conventional
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$2,600,000
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$2,600,000
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Jun 28, 2025 07:46
Schools
Map
Listing courtesy of RE/MAX Equity Group.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Jul 25, 2025 08:07 | Listing last modified Jun 28, 2025 07:46.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
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Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
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