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Listed by Opt • 503-714-9178
$ 1,500,000
Est. payment | /mo
0.68 Acres Lot
$ 1,500,000
Est. payment | /mo
0.68 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 196836946
Year Built 1975
Annual Tax Amount $12,671
Tax Year 2024
Lot Size 0.680 Acres
Property Description
This seven-unit multifamily property in Portland's desirable Cully neighborhood offers an exceptional investment opportunity. The property features six spacious two-bedroom, one-bathroom units and one larger three-bedroom, one-bathroom unit with a private garage, making it ideal for a mix of tenants and potential owner-occupancy. Recent upgrades include a new roof installed five years ago and energy-efficient double-pane windows throughout, reducing long-term maintenance and improving tenant appeal. Situated in a highly sought-after area known for its vibrant community feel, the property offers easy access to parks, dining, shopping, and public transit, providing excellent livability for tenants. With strong rental demand, a desirable unit mix, and recent capital improvements, this property presents a rare opportunity for investors seeking steady income potential and long-term appreciation in one of Portland's fastest-growing neighborhoods.
Location
State OR
County Multnomah
Area _142
Zoning Multi
Rooms
Basement Crawl Space
Interior
Heating Other
Cooling None
Exterior
Roof Type Composition
Garage No
Building
Lot Description Private
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Rigler
Middle Schools Beaumont
High Schools Leodis Mcdaniel
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
