$949,000
2431 SE 141ST AVE Portland, OR 97233
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Listed by John L. Scott Portland Metro • 503-665-0111
$949,000
Est. payment /mo
4,516 SqFt
Active
2431 SE 141ST AVE Portland, OR 97233
UPDATED:
11/05/2024 02:34 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,516 sqft
Price per Sqft $210
Subdivision Hw-Hazelwood
MLS Listing ID 24301823
Year Built 1998
Annual Tax Amount $10,205
Tax Year 2023
Lot Size 9,583 Sqft
Property Description
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.
Location
State OR
County Multnomah
Area _143
Zoning RM1
Rooms
Basement Crawl Space
Interior
Heating Forced Air, Wall Heater
Cooling Wall Unit
Exterior
Garage Spaces 3.0
Roof Type Composition
Parking Type Assigned, Garage
Garage No
Building
Lot Description Level
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Lincoln Park
Middle Schools Ron Russell
High Schools David Douglas
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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