This well-maintained 4-plex offers a solid 5.72% CAP Rate and a 12.21 GRM, with significant potential for financial growth. Minor cosmetic upgrades could unlock higher market rents, maximizing your returns. The property features a 5-year-old roof, minimizing immediate maintenance costs.Strategically located on a bus line, this property appeals to tenants seeking convenience, with restaurants, coffee shops, shopping, schools, and parks all within half a mile. One unit boasts private laundry, while the remaining three units share a well-equipped laundry room.A fantastic opportunity to capitalize on Portland’s thriving rental market!
Listing Provided Courtesy of Marshall Rosario, MORE Realty
General Information
24345569
67
DOM
4
5227.2 SqFt
3
3984
1954
RM1
Multnomah
R300343
Jason Lee
Roseway Heights 2/10
Leodis McDaniel
MultiFamily
WELLESLEY, BLOCK 3, LOT 1&2 EXC PT IN ST
Listing Provided Courtesy of Marshall Rosario, MORE Realty
Krishna Realty data last checked: Jul 28, 2025 19:34 | Listing last modified Feb 24, 2025 02:07,
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Residence Information
3984
4
3
Shingle
1,
Driveway,Garage
2
1954
No
Brick, LapSiding
Unfinished
Unfinished
Features and Utilities
Electricity
WallHeater, Zoned
PublicSewer
Electricity
Electricity
Financial
11580.28
0
Sewer,TrashCollection,Water
Cash,Conventional,FHA
12-19-2024
No
No
Comparable Information
67
221
Cash,Conventional,FHA
$849,900
$849,900
Feb 24, 2025 02:07
Schools
Elementary : Jason LeeN/ARatingspublic Middle : Roseway Heights
2/10Ratings High : Leodis McDanielN/ARatings
This well-maintained 4-plex offers a solid 5.72% CAP Rate and a 12.21 GRM, with significant potential for financial growth. Minor cosmetic upgrades could unlock higher market rents, maximizing your returns. The property features a 5-year-old roof, minimizing immediate maintenance costs.Strategically located on a bus line, this property appeals to tenants seeking convenience, with restaurants, coffee shops, shopping, schools, and parks all within half a mile. One unit boasts private laundry, while the remaining three units share a well-equipped laundry room.A fantastic opportunity to capitalize on Portland’s thriving rental market!
