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
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
Krishna Realty data last checked: Jul 16, 2025 11:06 | Listing last modified Jun 28, 2025 07:46,
Source:
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Residence Information
14080
15
13
Composition
OffStreet,Paved
2
2005
No
Brick, CementSiding, T111Siding
CrawlSpace,PartialBasement,PartiallyFinished
CrawlSpace,PartialBa
ConcretePerimeter
Features and Utilities
Electricity
Radiant, Zoned
PublicSewer
Electricity
Electricity
Financial
30890.79
0
Sewer,TrashCollection,Water
Cash,Conventional
06-12-2024
No
No
Comparable Information
381
399
Cash,Conventional
$2,600,000
$2,600,000
Jun 28, 2025 07:46
Schools
Elementary : GlenfairN/ARatings Middle : H.B. Lee N/ARatings High : ReynoldsN/ARatings
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.
