Projected CAP Rate for 2024 is 5.63% Excellent opportunity for investor or owner occupied investor. This well built 1998 4Plex has been meticulously maintained for years. Unit #1 is located (eastside) above the 3 garages with additional assigned parking for each unit. Units #2 and #3 are two levels. Unit #4 is one level built to 1998 ADA standards. There is huge upside potential for increased rent rates to maximize net operating profit and create a possible cap rate of over 7%. No sign on property. Please do not disturb tenants.
Listing Provided Courtesy of Dan McGraw, John L. Scott Portland Metro
General Information
24301823
173
DOM
9
9583.2 SqFt
8
4516
1998
RM1
Multnomah
R236416
Lincoln Park 6/10
Ron Russell
David Douglas 5/10
MultiFamily
PARKTOWN ADD, BLOCK 1, N 50' OF LOT 1&2
Listing Provided Courtesy of Dan McGraw, John L. Scott Portland Metro
Krishna Realty data last checked: Jun 13, 2025 05:47 | Listing last modified Nov 05, 2024 14:34,
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Residence Information
4516
9
8
Composition
3,
Assigned,Garage
1998
No
VinylSiding
CrawlSpace
CrawlSpace
ConcretePerimeter
Features and Utilities
WallUnit
Gas
ForcedAir, WallHeater
PublicSewer
Gas
Electricity, Gas
Financial
10205.08
Sewer,TrashCollection,Water
Cash,Conventional
05-16-2024
No
No
Comparable Information
173
393
Cash,Conventional
$950,000
$949,000
Nov 05, 2024 14:34
Schools
public Elementary : Lincoln Park
6/10Ratings Middle : Ron Russell N/ARatingspublic High : David Douglas
5/10Ratings
Projected CAP Rate for 2024 is 5.63% Excellent opportunity for investor or owner occupied investor. This well built 1998 4Plex has been meticulously maintained for years. Unit #1 is located (eastside) above the 3 garages with additional assigned parking for each unit. Units #2 and #3 are two levels. Unit #4 is one level built to 1998 ADA standards. There is huge upside potential for increased rent rates to maximize net operating profit and create a possible cap rate of over 7%. No sign on property. Please do not disturb tenants.
