Great opportunity for an investor or owner/occupant to purchase a 4-Plex building in SE Portland. One 3br unit and three 2 br unit options available with each unit featuring its own detached one car garage. Located close to restaurants, grocery stores, public transportation and easy access to the highway makes this property highly desirable and easy to lease! Current rents are below market rents. Fully leased with one vacancy coming up at the end of August.
Off market
$498,200
3411 SE 85th Ave, Portland, OR 97266
9beds
9baths
4,448sqft
MultiFamily
Built in 1996
-- sqft lot
$498,200 Zestimate®
$112/sqft
$2,009 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 9
Heating
- Electric
Interior area
- Total interior livable area: 4,448 sqft
Property
Features
- Exterior features: Brick
Lot
- Features: Near Public Transit
Details
- Zoning: CM1
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Year built: 1996
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Portland
HOA & financial
Other financial information
- Total actual rent: 4760
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- GarageYN: true
- Heating: Other
- HeatingYN: true
- Utilities: Electricity Connected
- NumberOfUnitsTotal: 4
- ConstructionMaterials: Brick, Lap Siding
- Roof: Composition
- FarmLandAreaUnits: Square Feet
- ParkingFeatures: Storage, Garage
- Zoning: CM1
- CapRate: 4.50
- LotFeatures: Near Public Transit
- TotalActualRent: 4760
- CoListAgentFullName: Brandi Smith
- MlsStatus: Pending
- CoListAgentEmail: brandi@pdxpropertygroup.com
- GrossIncome: 54515
- NetOperatingIncome: 35527
- OperatingExpense: 18987
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Estimated market value
$498,200