Massive price drop on this solid Mid-century 4 Plex. Variety of units for rich returns. Lots of opportunity to increase return on investment with this buy. Estimated 7.44 Cap Rate could be easy to reach based on market rents on newly updated units. Updates done in 2025 include (in some or all vacant units) interior paint, kitchen and bathroom fans and fixtures, lighting, flooring, cadet heaters. Four units + 3 separate garage leases creates multiple income streams. #121 - 1 bed/1 bath, hardwood floors. #123 - 2 bed/1 bath hardwoods. #125 3 bed/2 bath New LVP flooring thoughout. #127 2 bed/1 bath bamboo floors + new carpet in bedrooms. Low-e vinyl windows, double closets, tub + showers, on-site coin-op laundry. Additional $595/month income on 3 separately leased garage spaces. Located in the central eastside Kerns neighborhood smack dab in the middle of it all. Bamboo Sushi, Ken's Artisan Pizza, food pods, brews and more. Walk score = 96, bike score = 90. Walkers/bikers paradise! Lots of action + a desirable area for those drawn to the ease of living near work, food and fun, with many nearby parks.
Listing Provided Courtesy of Teri Toombs, Wood Land Realty
General Information
493082979
139
DOM
6
5227.2 SqFt
4
3240
1965
R2.5
Multnomah
R214625
Sunnyside Env 5/10
Sunnyside Env 5/10
Franklin
MultiFamily
MAYOR GATES ADD, BLOCK 5, LOT 12
Listing Provided Courtesy of Teri Toombs, Wood Land Realty
Krishna Realty data last checked: Aug 25, 2025 11:27 | Listing last modified Jul 31, 2025 14:53,
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Residence Information
3240
6
4
Composition
OnStreet
2
1965
No
T111Siding
CrawlSpace
CrawlSpace
ConcretePerimeter
Features and Utilities
None
Electricity
Baseboard, WallHeater
PublicSewer
Electricity
Electricity
Financial
10810.27
0
MaintenanceGrounds,Sewer,TrashCollection,Water
Conventional
03-14-2025
No
No
Comparable Information
139
164
Conventional
$1,250,000
$1,100,000
Jul 31, 2025 14:53
Schools
public Elementary : Sunnyside Env
5/10Ratingspublic Middle : Sunnyside Env
5/10Ratings High : FranklinN/ARatings
Massive price drop on this solid Mid-century 4 Plex. Variety of units for rich returns. Lots of opportunity to increase return on investment with this buy. Estimated 7.44 Cap Rate could be easy to reach based on market rents on newly updated units. Updates done in 2025 include (in some or all vacant units) interior paint, kitchen and bathroom fans and fixtures, lighting, flooring, cadet heaters. Four units + 3 separate garage leases creates multiple income streams. #121 - 1 bed/1 bath, hardwood floors. #123 - 2 bed/1 bath hardwoods. #125 3 bed/2 bath New LVP flooring thoughout. #127 2 bed/1 bath bamboo floors + new carpet in bedrooms. Low-e vinyl windows, double closets, tub + showers, on-site coin-op laundry. Additional $595/month income on 3 separately leased garage spaces. Located in the central eastside Kerns neighborhood smack dab in the middle of it all. Bamboo Sushi, Ken's Artisan Pizza, food pods, brews and more. Walk score = 96, bike score = 90. Walkers/bikers paradise! Lots of action + a desirable area for those drawn to the ease of living near work, food and fun, with many nearby parks.
