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Recent Sales

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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.

  • Hardwood Floors

  • Fireplaces in both units

  • Washer/Dryer in both units

  • Detached Garage

  • Annual Income - 40,223 (16.80 GRM)

  • Net Income - $30,813 (4.55 Cap Rate)

  • 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.

  • Hardwood Floors, Built-Ins, Decks

  • $61,200 Projected Annual Market Rents

  • 13.2 Gross Rent Multiplier

  • 6.07% Cap Rate on Pro Forma Financials

  • Popular Sunnyside / Hawthorne Neighborhood

  • 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.

 

  • New Tear-Off Roof in 2015

  • Back unit renovated in 2014

  • Current Annual Rents - 32,760 (15.2 GRM)

  • Projected Market Rents - $40,680 (12.07 GRM)

  • 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!

 

  • 16 Studio Apartments

  • $198,840 Annual Rents - 13.3 Gross Rent Multiplier

  • 6.04% Cap Rate on Actual Income & Expenses

  • Built in 1927

  • 9,153 Square Feet

  • 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.

 

  • Six 1BD/1BA Unit

  • Individual Basements

  • Built in 1928

  • 6,192 Square Feet

  • Annual Rents - $72,475 (19.3 GRM)

  • 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.

  • New Roof

  • New Water/sewer lines

  • New Exterior Paint

  • New Furnaces

  • New Kitchens & Baths

  • Washer/Dryers in Both Units

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Fabulous Mid-Century Duplex

 

1120-1122 SE 31st Ave, Portland, OR 97214

 

Sale Price: $750,000

 

Beautifully maintained owner-occupied duplex in the heart of the Hawthorne/Belmont neighborhood. Trendy Mid-Century Feel with High-end finishes.

 

  • One 3BD/1BA Unit & One 2BD/1BA Unit

  • Kitchens have SS Appliances, Quartz Counters & Marmoleum Floors,

  • Bamboo Floor, Gas Fireplaces, Corian Tub/Shower Surround

  • Tuck Under Garages & Partial Basements with Laundry

  • Vinyl Windows, High Efficiency FAG Furnace, Central A/C.

  • Private patios with immaculate grounds.

  • New Roof in 2013.

  • Pride of Ownership. One of Kind!

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.

 

  • All 2 bedroom units with Hardwood Floors

  •  Built 1962

  • Building Sq. Ft. 3,136

  •  Annual Gross Scheduled Rents - $49,260

  • Projected Market Rents - $66,960

  • Gross Rent Multiplier – 17.97 Current; 13.22 Pro Forma

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Buckman Four-Plex

 

1923 SE Ash St., Portland, OR 97214
Level

 

Sale Price: $1,000,000

 

Vintage Modernized Comfort in the Heart of Buckman!  One of a Kind Urban Oasis!  Each of the 4 units are tastefully furnished & equipped to operate as an Extended Stay/Executive Rental. These walk-in ready homes are ideal for travelers, professionals, transplants, grandparents – anyone seeking comfortable temporary housing.  The property is currently marketed through Airbnb, VRBO & FlipKey and is being offered for sale including all furnishings & housewares.  Many recent capital improvements – Too many to list.  Call or email for full marketing package & financials.

 

  • New Flat Roof w/Walking Membrane, Butters, Hand Rail System, Structural Insulation & Fireproofing in 2014

  • New Windows in 2015

  • Four New High-Efficiency FAG Furnaces in 2012

  • All New Electrical Services to each Unit & Main Building in 2011

  • Instant Hot Water Heater

  • Private Fenced Back Yard with Outdoor Kitchen, Hot Tub & Gas Fire Pit

  • Walk Score – 91

  • Bike Score – 100

  • Scheduled Gross Income - $134,400 (8.3 GRM & 7.9 Cap Rate)

     

     

     

     

     

     

     

     

     

 

 
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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.

 

  • Six 2BD/1BA units, Seven 1BD units & One Studio

  • Built 1960

  • Bldg SqFt: 10,800

  • Common Laundry

  • Individual Storage

  • Annual Rents: $128,839 (10.1 GRM)

     

     

     

     

     

     

     

     

     

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Kenton Four-Plex 

 

Sale Price: $567.500

 

2315 N Lombard St, Portland, OR 97217

Newer, well-maintained 4-plex in Hot Kenton area. Six blocks to the downtown Kenton's "Denver Strip." The property has had a single owner & professional property management since it was built in 1995.

 

  • Open floor plans with W/D & Decks.

  • Main Floor units are handicap accessible.

  • Off-Street parking in back.

  • Big upside in rents.

  • Great rental area.

  • Walk Score of 83.

  • Two 1BD units & two 2BD units.

  • Annual Rents - $45,720 (12.6 GRM).

     

     

     

     

     

     

     

     

     

 

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Multi-Family Land – Southeast Portland

 

12040 SE Liebe St, Portland, OR 97266

 

Sale Price: $249.000


Level 16,855 SqFt lot with rental house & unfinished Duplex.

 

  • R2 Zoning should allow for 8 units

  • House built in 1954 & rents for $995/month

  • Duplex built in 2001 but never finished

  • Current structures on west side of lot

  • Large open space on east side of lot

  • Property is nice residential neighborhood just down the street from Raymond Park

  • MLS# 13447236

     

     

     

     

     

     

     

     

     

 

 

 

 

 

 

 

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Pacific Crest Apartments 16 Units


5235 SE Lambert St, Portland, OR 97206


Sale Price: $1,035,000

 

16-Unit apartment complex about 1 mile south of hot Woodstock strip. Nice mix of 1 & 2 bdrm units. Units have been updated on turnover with new carpet, flooring, paint & appliances. Professionally managed. Upside in rents. Additional income from laundry & utility bill-back.

 

  • Built 1966

  • Building Sq.Ft. – 11,220

  • (8) 1BD/1BA Units & (8) 2BD/2BA Units

  • Annual Market Rents – 124,224 (8.8 GRM & 5.55% Cap)

  • New exterior paint in 2007, roof was re-tarred in 2001. Some newer windows

     

     

     

     

     

     

     

     

     

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 

 

  • Two large units + Carriage House above Garage

  • Plans Approved by city to upgrade Carriage House to Art Studio w/Bathroom

  • HW Flrs, High Ceilings, Built-Ins, Original Woodwork, Leaded Glass & so much more!

  • New Period-Matched Gourmet Kitchens with SS Appliances & Gas Stove

  • Pride of Ownership / Ideal for Owner Occupant

  • Featured in the Rejuvenation Catalog

  • 4,937 Sq. Ft.

  • Annual Rents - $47,700 (18.4 GRM)

 

 

 

 

 

 

 

 

 

Classic Vintage Irvington 23 Units​
 
2238 NE 13th Ave, Portland, OR 97212
 
​Sale Price: $4,200,000
 

This wonderful vintage building in the heart of Irvington is full of all the charm & character that Portlanders love. Well maintained & updated while keeping the building’s original character including a gorgeous wood entry way with original tile flooring. The building has period detailing throughout, including original woodwork, leaded glass windows, built-ins, claw foot tubs, wide hallways & gleaming hardwood floors. The property is ideally located on a quiet residential street in the popular Irvington neighborhood, just four blocks from NE Broadway. It is less than 2 miles into downtown Portland and the Pearl District across the Broadway bridge, and less than eight miles to Portland International Airport. With a walk score of 88 and a bike score of 99, the property is ideal for the urban renter.

 

  • 11 oversized Studios & 12 One Bedrooms

  • Built 1918

  • Build Sq. Ft. 19,846

  • Annual Gross Scheduled Rents - $260,999

  • Projected Market Rents - $316,620

  • Gross Rent Multiplier – 16.3 Current; 13.4 Pro Forma

  • Cap Rate – 3.9% Current; 5.05% Pro Forma

     

     

     

     

     

     

     

     

     

 

 

 

 

 

 

 

 

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Grand Buckman Duplex


713 – 717 SE 17th Ave, Portland, OR 97214


Sale Price: $825,000

 

Pride of ownership shows in this Grand Old Portland Style Property. Original features including HW Floors, leaded glass windows, pocket doors, & original woodwork. Many upgrades including structural reinforcement, extra wall & floor insulation.

 

  • Built 1909

  • Building Square Feet: 4,146

  • 3BD/2BA - Lower Unit includes basement, has two full kitchens & currently rents as two separate units

  • Annual Gross Scheduled Income: $51,360 (16.0 GRM)

  • Great yard

  • Two Car Garage

  • Ideal for owner occupant.

     

     

     

     

     

     

     

     

     

 

Sullivan’s Gulch 7-Unit


2210 NE Weidler St, Portland, OR 97232


Sale Price: $650,000


Large 7-Unit in popular Sullivan’s Gulch with over 7,000 Sq. Ft.  Lots of space.  Lots of possibilities

 

  • Two 2BD/1BA Units on the main floor

  • Five Studios on the 2nd Floor

  • 1,900 SqFt Unfinished Basement & 546 SqFt Walk-Up Attic

  • Four studio units recently renovated

  • On Bus Line. Easy access to Lloyd Center, Downtown, & MAX

  • Annual Rents: 71,640 (9.1 GRM)

  • 7.4% Cap Rate

     

     

     

     

     

     

     

     

     

 

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Hawthorne Four-Plex

 

3423 SE Hawthorne Blvd, Portland, OR 97214

 

Sale Price: $900,000

 

Four-Plex zoned commercial (CS) in the heart of the Hawthorne district. Oversized lot could allow for future commercial development?? Owner spent approx. $70K in capital improvements over the past 5 years - New front porch, porch foundation, front concrete steps & retaining wall, interior & exterior paint, new appliances, Tile Entry, upgraded laundry room.

 

  • CS Zoning on Oversized Lot (6,835 Sq. Ft.)

  • Built 1909

  • Build Sq. Ft. – 3,914

  • Big Upside in Rents

  • Current Rents - $42,720/yr (21.7 GRM)

  • Projected Market Rents - $61,200/yr (15.1 GRM)

  • MLS# 14522452

     

     

     

     

     

     

     

     

     

 

Historic Lair Hill Office Condo

 

3101 SW 1st Ave, Unit B, Porltand, OR 97201

 

$350,000

 

Ground level entrance on SW Woods St.  1,635 square feet of flexible office space configured with open reception area, 4 private offices, 2 large conference rooms or open work areas, private bathroom, copy/break room and storage room.  The interior was taken completely to the studs and renovated in 2014.  Ideal for owner user.

 

  • Trendy Lair Hill Location

  • Walking distance to S. Waterfront, OHSU Tram & Downtown

  • New Electrical, Plumbing, Water & Sewer Lines

  • Gas Fireplace

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Lair Hill Triplex

3304 – 3308 SW Corbett Ave, Portland, OR 97239

 

Sale Price: $785,500

 

Unique, one of kind triplex in Historic Lair Hill one block to footbridge leading to OHSU Tram, MAX & South Waterfront. Minutes to downtown. Full of light, natural decor & great views of the city & South Waterfront.

 

  • All 2BD Units

  • Incredible top flr 2BD/2BA suite w/3rd bonus room, 2 fireplaces, 2 decks  - Currently rents thru VRBO.

  • Built 1892

  • Building Sq Ft: 3,496

  • Annual Gross Income $68,700 (12.46 GRM)

  • VRBO Listing:  http://www.vrbo.com/490935

  • Virtual Tour:   http://www.tourfactory.com/1329669

  • MLS#: 15204524

     

     

     

     

     

     

     

     

     

 

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