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Brian O Gass

brian.or@1realty.com +1(503) 459-8805

Listed by John L. Scott Portland Central • portlandcentral@johnlscott.com

$1,250,000

Est. payment - /mo

5,225 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,225 sqft

Price per Sqft $239

Subdivision Lents

MLS Listing ID 212865825

Year Built 1975

Annual Tax Amount $8,716

Tax Year 2025

Lot Size 8,712 Sqft

Property Description

Discover a prime investment opportunity in Southeast Portland with this well-maintained 7-unit multifamily property located in the vibrant Lents neighborhood. Originally built in 1973, this property offers a balanced unit mix of three 2-bedroom apartments and four 1-bedroom apartments, appealing to a wide range of renters. Positioned conveniently along a major bus line, residents enjoy easy access to public transportation, local shops, dining, and neighborhood amenities, making it a desirable and accessible location. This asset offers investors solid financial performance, featuring a cap rate of 5.12 and an NOI of $9,137 per door. Priced competitively at $1,250,000, it presents an excellent balance of stable cash flow and long-term appreciation potential within one of Portland's continually improving submarkets.

Location

State OR

County Multnomah

Community Laundry

Area _143

Zoning CM3

Rooms

Basement Crawl Space

Interior

Heating Baseboard

Cooling Wall Unit

Exterior

Community Features Laundry

Roof Type Composition

Garage No

Building

Lot Description Level, On Busline, Public Road

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Marysville

Middle Schools Kellogg

High Schools Franklin

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Regional Multiple Listing Service (RMLS)

Nearby School & Business

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Brian O Gass

+1(503) 459-8805

Principle Broker | License ID: 201235550

Principle Broker License ID: 201235550

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8451 SE FOSTER RD Portland, OR 97266

Brian O Gass

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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