Willister Court Apartments
1404 - 1422 SE 29th Ave, Portland, OR 97214
$3,100,00
Solid investment property in the Sunnyside neighborhood in the heart of Hawthorne. The property consists of two buildings. An 11 unit built in 1927 & a 4-plex built in 1970, both on a 16,100 SF lot. There are 4 off-street parking spaces between the buildings, a laundry room & an additional room with individual storage for tenants. The 11-unit currently has 8 vacant units, deliberately left vacant by the current owner, which allows a new owner to put in tenants of their choice at current market rents. The 4-plex has one vacant unit, two units that have not paid rent since Covid & one unit well under market rent at $525. Again, this was done deliberately by the current owner.
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$200K in Capital Improvements since 2010
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New Windows in 2010
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New Roof in 2015
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$70K in Upgrades in 2017
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95 Walk score
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99 Bike score
Buckman Four-Plex
525 SE 15th Ave. Portland, OR 97214
$995,000
Beautiful 4-plex right next to Revolution Hall! The property consists of 4 1bd/1ba units with laundry and additional storage in the basement. The property sits within view of Revolution Hall and is just off Stark St, giving tenant access to several trendy shops and restaurants. Ideal for the urban renter! The property includes a small backyard with three garages and additional parking.
Recent capital improvements include new gas furnaces installed in 2005 (90% Efficient), new stucco installed in 2014 ($69,000), and a new roof installed in 2017 ($23,000).
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· Walk score of 89
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· Bike Score of 99
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· Close to Revolution Hall
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· Parking in Backyard
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· Excellent Location
Buckman Ten-Unit
1847-65 SE Oak St. Portland, OR 97214
$1,995,000
Solid investment property in the heart of the Buckman neighborhood in Southeast Portland. This ten-unit building located in a quiet residential neighborhood consists of eight 2BD/1BA and two 1BD/1BA units. Units have large windows that provide great natural light, hardwood floors, & off-street parking. One unit was recently renovated with new paint, carpet, HW floors, and a new bathroom, totaling $14,000.
The property is located four blocks south of Burnside St. and five blocks north of Belmont St. Both streets are on bus lines and are well-known for their trendy shops and restaurants. The property is two miles from downtown Portland, with easy access across the Hawthorne, Belmont & Burnside bridges.
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New Roof in 2018
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New Exterior Paint in 2022
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Hardwood Floors
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Individual Storage & Off-Street Parking
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Owner Storage Room
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On Site Laundry
Belmont Commercial Opportunity
2915 SE Belmont St. Portland, OR 97214
$725,000
Unique opportunity in the heart of the Belmont Neighborhood! This three-unit office building is perfect for someone looking for storage and office space to run a small business. There are three individually metered units as well as a double garage for additional storage.
If you are looking for a development opportunity, this property is zoned RM2 and located in the highly desirable Belmont neighborhood. The property has a 93 walk score and a 94 bike score and is only minutes from downtown as well as the many hip shops and restaurants that Belmont has to offer.
This is a unique opportunity that can bring revenue as an office building, or be developed into new housing.
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Double Garage
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3 Office Units
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Prime Location on Belmont
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Excellent Storage Space
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On a bus line
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Minutes from Downtown
Belmont Tri-plex
1728 SE Belmont St. Portland, OR 97214
$820,000
One of the oldest livable buildings in the city of Portland, this tri-plex on Belmont is unique among other properties in the area. The property consists of 3 nice sized units on a double lot that backs up to Colonel Summers Park. The expansive backyard is ideal for entertaining. The building is in excellent condition, including recent renovations to the upper unit.
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Double Lot
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Newly Renovated upper unit
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Huge Backyard
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Walk Score of 92 and bike score of 96
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Annual Income: $57,300 - 14.31 GRM
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4.75% Cap Rate
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Total Sqft: 2848
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Built: 1870
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Zoning: R2.5
14712 NE Couch St
Well maintained townhouse with open floor plan, fireplace & HW floors on quiet residential street. Unit includes 2 bedrooms, 2 1/2 baths, an attached 2-car garage, & a fully fenced shared backyard space. Two decks—one off the kitchen & one off the living room. Low HOA dues.
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1,248 Square Feet
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2 Bedrooms
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2.5 Baths
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Hardwood Floors
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Two Decks
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Fenced Shared Backyard
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Oversized Garage
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HOAs - $100/month
55th and Center Development Opportunity
40 x 111.62 Lot zoned for mixed commercial use. Existing home was demolished, permits on file. CM2 zoning allows for building up to 4 stories with a 2.5:1 FAR (4:1 with bonus provisions). Perfect Development opportunity for residential, retail, office, or mixed-use! Buyer to do due diligence with the city regarding new development.
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40 x 111.62 lot dimensions
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Versatile CM2 Zoning
Taylor Corner
2725-2743 SE Taylor St. Portland, OR 97213
$2,800,000
Wonderful Belmont/Hawthorne find! This ten unit building located in a quiet residential neighborhood was meticulously renovated in 2014 with improvements totaling over $325,000. In addition to the 2014 renovation, the building was given a new roof, new attic ventilation and moisture
protection in 2021. All the “heavy lifting” has been done!
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Full Renovation in 2014
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New Roof in 2021
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HW- Style Flooring
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Stainless Steel Appliances
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Quartz Countertops
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Off Street Parking
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Individual Storage
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89 Walk Score
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96 Walk Score
Belmont Four-plex
3051 SE Belmont St. Portland, OR 97214
$785,000
Well maintained 4-plex on one of the best streets in Portland. This property provides tenants with an easy walk to all the amenities that Belmont has to offer. In addition, the property is only 6 blocks from Laurelhurst Park. The units consist of one studio (remodeled in 2019), two 1 bed / 1 bath, and one 2 bed / 1 bath.
Each unit includes secure individual storage in the basement with outside access and additional storage units available for potential additional income. Each unit has its own individual gas and electric and 3 of the 4 units have gas ranges.
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Built in 1914
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RM2 Zoning
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95 Walk Score
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89 Bike Score
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Great Backyard Space
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Newly Remodeled Unit
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Excellent Location
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Great Storage
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Cap Rate: 4.67%
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GRM: 13.60
Woodstock Duplex
6644 SE Woodstock Blvd
$443,000
Classic Ranch Style Woodstock Duplex!
Walking distance to all of the best trendy restaurants and shops that the Woodstock neighborhood has to offer.
The front unit is 2 bed/1 bath while the back unit is 3 bed/1.5 bath. Both units include working wood burning fireplaces, washer/dryer, and carport parking spaces in the rear of the building. The back unit is vacant and just recently had $15,000 of capital improvements, including a renovated bathroom, new carpet & paint throughout.
Both units have sliding glass doors, which accesses a private patio & outdoor space.
Ideal for an owner occupant or the urban renter.
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Popular Woodstock Neighborhood
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Fireplaces
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Carport Parking
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$15K Improvements in back unit
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Backyard Area
Dekum 6-Unit - New Construction
6822 NE Grand Ave Portland, OR 97211
$1,600,000
Newly constructed six-plex with beautiful units in a great location, blocks from the Dekum Triangle. Also close to N Williams, Mississippi & Alberta Arts districts. All units are 2 bedrooms, 2 bathrooms with spacious open floor plans, 9‘ ceilings, stainless steel appliances, quartz countertops, and washer/dryers. Each unit features mini-split heating and cooling systems, as well as private decks and/or patios. The master suites include walk-in closets and private balconies.
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New Construction
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Great Location
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Decks / Patios for each unit
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Stainless Steel Appliances
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Quartz Countertops
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Washer/Dryer in each unit
Woodstock Duplexes
5120-5126 SE Carlton St. Portland, OR 97206
$825,000
Classic 70's ranch-style side by side duplexes on separate tax lots offered for sale together. All units are spacious 2 bedroom / 1 bath units with individual garages, fireplaces, washer/dryer hook-ups, patios, and extra storage
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Located 2 blocks from SE Woodstock Blvd
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Individual Garages
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Individual Patios
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Walk Score of 89 and bike score of 99
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Annual Income: $28,882 - 15.75 GRM
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Total Sqft: 3780
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Built: 1973
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Zoning: RM1
Downtown Property
633 SW Sherman St. Portland, OR 97201
$403,000
The ideal rental property for students of Portland State University or someone who wants to easily experience all downtown Portland has to offer. The property consists of 2 bedrooms on the main floor with a third in the partially finished attic. The massive unfinished basement and attic provide vast opportunity if finished but currently allow for significant extra storage. Additionally, the property has excellent backyard space.
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Built in 1880
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RM4 Zoning
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90 Walk Score
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Hardwood Floors
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High Ceilings
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Property is currently vacant
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Previously rented to Portland State Students for $2100 per month
Classic Mediterranean Four-Plex
1023 - 1039 SE 21st Ave, Portland, OR 97214
$1,270,000
This impeccably maintained vintage building is full of all the charm and character that Portlanders love. Located on a quiet residential street, all units have private basements with washer/dryers & garage/storage space. All units have hardwood floors, fireplaces, dishwashers, built-ins & tile tub surrounds in the bathrooms. Three new gas furnaces and four new a/c units were installed in 2016. Unit 1031 had a $25K renovation in 2018. Rare find! ML# 18503998
Popular Buckman / Belmont Neighborhood
$69,840 Annual Rents – 17.9 GRM
4,926 Square Feet
Built 1927
Zoning – R2.5
Below is a link to the Property Website with photos & video of the property:
https://capellatours.com/tours/CPT01337_1023-SE-21st-AvePortland/b.html
Irvington Duplex
2342 - 2346 NE 14th Ave, Portland, OR 97212
$677,500
Featured on the cover of Oregon Home in 2001, this unique duplex in the heart of the Irvington features a wonderful master bedroom loft addition in the top floor unit. The lower unit includes a full basement, private yard & deck. Ideally suited for an owner occupant in either unit.
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Hardwood Floors
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Fireplaces in both units
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Washer/Dryer in both units
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Detached Garage
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Annual Income - 40,223 (16.80 GRM)
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Net Income - $30,813 (4.55 Cap Rate)
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Walk Score - 80; Bike Score - 95
Hawthorne Four-Plex w/ Developable Lot
4047 SE Main St, Portland, OR 97214
$810,000
Grand old Four-Plex with development potential. The 4-plex & detached garage sit on the east side of an oversized 8,572 SF lot. Owner applied for a Lot Line Adjustment & received a Property Line Adjustment Checksheet from the City. Call for details.
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Hardwood Floors, Built-Ins, Decks
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$61,200 Projected Annual Market Rents
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13.2 Gross Rent Multiplier
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6.07% Cap Rate on Pro Forma Financials
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Popular Sunnyside / Hawthorne Neighborhood
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Walk Score - 94; Bike Score - 93
Belmont District Duplex
706 - 710 SE 47th Ave, Portland, OR 97215
$505,000
Well maintained mid-century style duplex in the heart of the Sunnyside / Belmont District. One tenant is moving out so ideally suited for an owner occupant. Side by side units with private yards, storage sheds, off-street parking, W/D in each unit.
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New Tear-Off Roof in 2015
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Back unit renovated in 2014
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Current Annual Rents - 32,760 (15.2 GRM)
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Projected Market Rents - $40,680 (12.07 GRM)
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Walk Score - 76; Bike Score - 97
Classic Vintage Hollywood 16 Unit
1634 NE 41st Ave, Portland, OR 97232
$2,500,000
Classic vintage 16 unit in the heart of Hollywood full of all the charm and character Portlanders love. Period detail throughout including original woodwork, built-ins, french doors and hardwood floors. Easy walk to the Hollywood MAX station, Trader Joe's, 24 Hour Fitness, Hollywood theater, along with many restaurants, shops, and pubs. Walk score of 95 and bike score of 99!
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16 Studio Apartments
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$198,840 Annual Rents - 13.3 Gross Rent Multiplier
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6.04% Cap Rate on Actual Income & Expenses
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Built in 1927
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9,153 Square Feet
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CX Zoning
Colonial Heights Six-Plex
2121 & 2127 SE Caruthers, Portland, OR 97214
$1,075,000
The property consists of two side-by-side triplexes on separate tax lots, offered for sale together as a 6-Unit. These wonderful vintage buildings are full of all the charm and character that Portlanders love! The units have period detailing throughout, including hardwood floors, built-ins, coved doorways, French doors and tile kitchen counters. All units have 1 bedroom, 1 bathroom & individual basements.
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Six 1BD/1BA Unit
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Individual Basements
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Built in 1928
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6,192 Square Feet
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Annual Rents - $72,475 (19.3 GRM)
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Projected Market Rents - $90,000 (15.5 GRM)
Sullivan’s Gulch Duplex
2015 NE Wasco St, Portland, OR 97232
$680,000
Classic Vintage Duplex in the heart of popular Sullivan's Gulch! Property was meticulously renovated in 2014, inside & out. Main floor unit includes finished lower level with 2nd bedroom. Great neighborhood. Nice yard. Great for owner occupant or investment.
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New Roof
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New Water/sewer lines
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New Exterior Paint
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New Furnaces
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New Kitchens & Baths
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Washer/Dryers in Both Units
Brooklyn / Sellwod Four-Plex
5505 SE 17th Ave, Portland, OR 97202
Sale Price: $810,000
Nicely maintained property with upside in rents. Great close-in SE neighborhood. RHd zone will allow for multiple unit development.
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All 2 bedroom units with Hardwood Floors
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Built 1962
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Building Sq. Ft. 3,136
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Annual Gross Scheduled Rents - $49,260
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Projected Market Rents - $66,960
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Gross Rent Multiplier – 17.97 Current; 13.22 Pro Forma
14 Units Close-In Southeast
4321 & 4342 SE 27th Ave, Portland, OR 97202
Sales Price: $1,300,000
Two buildings (8-unit & 6-unit) across the street from each other, offered for sale together. Nicely updated buildings with vinyl windows close to downtown, Hawthorne & Division.
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Six 2BD/1BA units, Seven 1BD units & One Studio
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Built 1960
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Bldg SqFt: 10,800
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Common Laundry
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Individual Storage
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Annual Rents: $128,839 (10.1 GRM)
Historic Buckman Duplex
2533-2535 SE Salmon St., Portland, OR 97214
Sale Price: $878,400
Beautifully maintained historic duplex in original / restored condition on double lot
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Two large units + Carriage House above Garage
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Plans Approved by city to upgrade Carriage House to Art Studio w/Bathroom
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HW Flrs, High Ceilings, Built-Ins, Original Woodwork, Leaded Glass & so much more!
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New Period-Matched Gourmet Kitchens with SS Appliances & Gas Stove
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Pride of Ownership / Ideal for Owner Occupant
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Featured in the Rejuvenation Catalog
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4,937 Sq. Ft.
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Annual Rents - $47,700 (18.4 GRM)
