$1,550,000
- Beds
- Unknown
- sq ft
- 7,272
11445 SW Greenburg Rd, Portland, OR 97223
11445 SW Greenburg Rd
Portland, OR 97223
- 125 days on market
- Price drop $125,000↓
The Greenburg Townhomes are located in the strong sub-market of Tigard, Oregon and are comprised of 8 large townhome style units. Each apartment features 2 bedrooms and 1.5 baths, spacious floor plans, off-street parking, and private back patios. Tenants benefit from a unique oversized lot of nearly half an acre, with ample green space and is located nearby.The property has operated at a historically low vacancy, which is in line with the latest average vacancy rate reported for the Tigard submarket 2BR townhome style units at 2.55% (Multi-Family NW, Fall 2023). This opportunity provides a new owner with a significant and realistic path to organically increase the revenue at lease renewals or turnovers (the average in place is approx. 10-15% below market). There is also a value-add component by implementing a RUBS system in the future, as there is not one currently in place.Excellent access to transportation, via 217, I-5, and 99W ? and along the path of progress as Tigard continues to make improvements in the surrounding areas. The property has been well maintained and provides a stable home for an investor, with a proven path to grow and get up to market rents.
Details
Property type
Lot size
0.43 acres
Price per sq ft
$214
Year built
1967
Annual property taxes
$12,112.8
Price History
05/10/2024
![PortlandOR](/_next/static/media/portlandLogo.5dbd92e7.png)
PortlandOR #24177213
Price change
$1,550,000
-7.46%
03/04/2024
![PortlandOR](/_next/static/media/portlandLogo.5dbd92e7.png)
PortlandOR #24177213
Listed
$1,675,000
+30.86%
07/08/2019
![PortlandOR](/_next/static/media/portlandLogo.5dbd92e7.png)
PortlandOR #19481143
Sold
$1,280,000
Schools & Community
Neighborhood:
Greenburg Road
Elementary school:
Metzger
Middle school:
Conestoga
High school:
Southridge
Status: Active
Tomo last checked: 07/07/2024 at 2:15 PM
Listing updated: 05/09/2024 at 10:13 PM
Listed by: Greg Messick, RealtyNET, LLC Phone #: (800) 883-6905
MLS: PortlandOR #24177213
![PortlandOR logo](/_next/static/media/portlandLogo.5dbd92e7.png)
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