Property • MultiFamily
Web ID # 327417535
$935,000.00
Beds • Baths
Property Features
Regional Multiple Listing Service, Inc.
Excellent opportunity to own a turnkey, fully occupied four-plex in the heart of NE Portland. This property features a desirable mix of units—three spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit—all fully remodeled in 2015 with high-quality finishes and modern updates, including in-unit washers and dryers.Professionally managed and consistently occupied, the investment is scheduled to gross over $75,000 in 2025. Actual financials closely mirror the pro-forma, supporting a realistic 5+% CAP rate, making this a solid, dependable investment.Located near Laurelhurst and the Hollywood District, just steps to restaurants, shops, parks, Providence Hospital, library, the Hollywood Farmers Market, and MAX Light Rail. Enjoy easy access to I-84 and major transit routes, making it highly attractive to tenants and commuters alike. Whether you're looking to grow your portfolio or invest in a high-performing asset in a thriving Portland neighborhood, this four-plex checks all the boxes.
NE Glisan to NE 55th Ave to Hoyt St
Dwelling Type: MultiFamily
Subdivision:
Year Built: 1966, County: US
NE Glisan to NE 55th Ave to Hoyt St
Virtual Tour
Listing is courtesy of Windermere RE Lane County
