$749,500
- Beds
- 8
- sq ft
- 3,172
13412 SE Stark St, Portland, OR 97233
13412 SE Stark St
Portland, OR 97233
- Pending
- Price drop $40,400↓
Presenting a premier multi-family investment opportunity in SE Portland that perfectly balances sophistication and potential, with a cap rate above 5%. This expansive triplex features 8 bedrooms and 6 bathrooms across 3,172 sq ft of living space. Each unit is equipped with modern amenities, providing the comfort and convenience tenants seek, ensuring high satisfaction, and keeping vacancy rates remarkably low. Recent updates throughout the property have reduced maintenance needs, allowing you to enjoy the benefits of a reliable and consistent cash flow with minimal oversight. The inclusion of an 8-car parking lot further enhances the property's appeal, offering convenience that residents will appreciate.What truly sets this property apart is its zoning, which allows for the construction of additional housing units. This opens the door to significant income growth, making this investment even more enticing. The potential to expand and increase revenue is a rare opportunity in today’s market.Located just minutes from a vibrant array of dining options, bars, and entertainment venues, this property is in a prime location that tenants will love. It’s also ideally situated on a bus line, with easy freeway access, and only 15 minutes from downtown Portland. Nearby hospitals and major employment centers add to its desirability, ensuring strong and steady tenant demand.Investors will quickly recognize the exceptional value this property offers. However, we advise all buyers to conduct their own due diligence regarding zoning to fully capitalize on the available opportunities. With a strong rental income already in place, room for growth, and a cap rate above 5%, this property is a standout choice for investors seeking both stability and potential.
Details
Property type
Lot size
0.29 acres
Price per sq ft
$237
Year built
2006
Annual property taxes
$8,324.53
Price History
09/10/2024
PortlandOR #24152671
Pending
$749,500
08/26/2024
PortlandOR #24152671
Price change
$749,500
-5.11%
08/16/2024
PortlandOR #24152671
Price change
$789,900
-1.14%
Schools & Community
Neighborhood:
Hazelwood
Elementary school:
Menlo Park
Middle school:
Floyd Light
High school:
David Douglas
Status: Pending/Under Contract
Tomo last checked: 10/05/2024 at 7:45 PM
Listing updated: 09/10/2024 at 5:09 PM
Listed by: Tony Apa, ELEETE Real Estate Phone #: (503) 292-1500
MLS: PortlandOR #24152671
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