Fantastic investment opportunity in the heart of Rockwood! Each unit has 3 bedrooms and 1.5 baths, with each primary bedroom connected to their own private half bathroom. Rare working fireplaces in each unit for cozy winters! Private patios offer additional storage for each occupant. Off street paved parking and 8 parking spaces available. Each unit currently occupied with long term & loyal tenants. Please write offers subject to interior inspection, DO NOT DISTURB TENANTS. Listing agent related to seller.
Spacious clean units with lots of storage, rents are low, please do not disturb tenants. Excellent upside in this well maintained 4 plex with large backyard, deck and storage sheds on lower level. Washer and Dryer hook-ups in each unit. Recently resurfaced Roof. Quiet location. Zoned RTC.
Opportunity knocks with this hard to find four plex with each unit being 3 beds and 2 baths. Perfect owner occupied investment or just straight up investment property. Rents are month to month and under value currently. Opportunity to raise rents and increase the value of your investment. Great for 1031 Exchange or first investment property. Either way you will be hard pressed to find a better value.
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. 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 share 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.
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.
Elegantly restored with ease of maintenance in mind, this 4-plex has separately metered electric, a metal roof, new appliances, beautiful cabinets, partially fenced yard, & has plenty of off-street parking. Ideal location amongst other single family homes and multi family apts, near Starbucks, shopping, schools, and easy access to the I5. Please do not disturb tenants. They are happy and we want to keep it that way.
Nestled in the heart of Rockwood, this inviting duplex presents a blend of comfort, potential, and opportunity. With one unit currently tenanted at below-market value, there is ample room for growth in rental income, offering a promising avenue for investment returns. The other unit is newly leased at market value. Each unit showcases a thoughtful layout that maximizes living space, promoting a warm, welcoming atmosphere. Long term, reliable tenants ensure a smooth transition for new owners, with features including a private fenced backyard for leisure and relaxation, off-street parking for convenience, and in-unit washer and dryer hookups enhancing the functionality of each residence. Embrace the charm and investment potential of Rockwood with this duplex, where opportunity meets a vibrant community lifestyle. ***This property is eligible for a free 1% interest rate buydown when using our preferred lender. Please inquire.
NEW IMPROVED PRICE,READY TO SELL, Well maintained units in off street secluded property with ample parking for everyone. Easy to rent 1 bedroom and 3 bedroom units. Low maintenance investment. Monthly rents are 1604 and 1212! Make all offers subject to interior inspection! THIS IS A GREAT BUY!!
The median home value in Portland, OR is $537,200. This is higher than the county median home value of $478,700. The national median home value is $338,100. The average price of homes sold in Portland, OR is $537,200. Approximately 50.37% of Portland homes are owned, compared to 44% rented, while 5.63% are vacant. Portland real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Portland real estate agent to arrange a tour today!
Portland, Oregon 97233 has a population of 647,176. Portland 97233 is less family-centric than the surrounding county with 29.49% of the households containing married families with children. The county average for households married with children is 31.66%.
The median household income in Portland, Oregon 97233 is $78,476. The median household income for the surrounding county is $76,290 compared to the national median of $69,021. The median age of people living in Portland 97233 is 37.9 years.
The average high temperature in July is 80.5 degrees, with an average low temperature in January of 36.4 degrees. The average rainfall is approximately 42.8 inches per year, with 2.6 inches of snow per year.