$2600000
15 Bed
13 Bath
14080 SqFt
381 DOM
Built: 2005
Status: Active
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
24056070
381 DOM
15
0.73 acres
13
14080
2005
RM3
Multnomah
R109805
Glenfair
H.B. Lee
Reynolds
MultiFamily
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:
14080
15
13
Composition
OffStreet,Paved
2
2005
No
Brick, CementSiding, T111Siding
CrawlSpace,PartialBasement,PartiallyFinished
CrawlSpace,PartialBa
ConcretePerimeter
Electricity
Radiant, Zoned
PublicSewer
Electricity
Electricity
30890.79
0
Sewer,TrashCollection,Water
Cash,Conventional
06-12-2024
No
No
381
408
Cash,Conventional
$2,600,000
$2,600,000
Jun 28, 2025 07:46
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.
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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.
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Venkat is a very good negotiator. He was quick to respond, when I had questions. He came to all the meetings with the seller and provided valuable inputs on inspections and mortgage options. Overall, I was impressed and would love to work with him again.
Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.
Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.
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.
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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