Homes for sale - 14937 SE STARK ST, Portland, OR 97233

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Troy Fox

troy@troyfoxrealtor.com +1(503) 210-5474

Listed by RE/MAX Equity Group

$2,600,000

Est. payment - /mo

14,080 SqFt

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UPDATED:

11/20/2024 11:32 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,080 sqft

Price per Sqft $184

Subdivision Glenfair

MLS Listing ID 24056070

Year Built 2005

Annual Tax Amount $30,890

Tax Year 2024

Lot Size 0.730 Acres

Property Description

Fully rented, with recent rent increases, and several long-term tenants. Four apartment buildings on a nearly 3/4 acre lot: A townhouse style 6-plex with 2 bedroom, 1.1 bath, 933 sq. ft. units, built in 2005; a townhouse style 4-plex, with 2 bedroom, 1.1 bath, 933 sq. ft. units, built 2001; a duplex with 2 bedroom, 1 bath, 900 sq. ft. units, built 2001; and a 4-plex with three 2 bedroom, 1 bath units & one 1 bedroom, 1 bath unit, built 1966. All units have their own full-size washer & dryer, except the original 4-plex has a shared laundry. All townhouse-style units feature 9' ceilings on the main level. Tenants pay own electricity bills. Gross sq. ft. is gross rentable area, and doesn't include a shared laundry area in one building. Most units are located well off of Stark St. in a quiet setting with 26 parking spaces. School bus stops at the driveway. Cap rate is 6.13 using projected net income.

Location

State OR

County Multnomah

Community Laundry

Area _143

Zoning RM3

Rooms

Basement Crawl Space, Partial Basement, Partially Finished

Interior

Heating Radiant, Zoned

Exterior

Community Features Laundry

Roof Type Composition

Garage No

Building

Lot Description Level

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Glenfair

Middle Schools H.B. Lee

High Schools Reynolds

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Regional Multiple Listing Service (RMLS)

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 210-5474

troy@troyfoxrealtor.com

14937 SE STARK ST Portland, OR 97233