tomo logo

$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

PortlandOR #24152671

Pending
$749,500
08/26/2024
PortlandOR

PortlandOR #24152671

Price change
$749,500
-5.11%
08/16/2024
PortlandOR

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

PortlandOR logo

Recently listed in Portland

$755,000|3 bd|2.0 ba|House
$1,650,000|5 bd|3.0 ba|House
$425,000|2 bd|2.5 ba|Townhouse
$255,000|1 bd|1.0 ba|Condo
$419,900|3 bd|1.0 ba|House
$365,900|3 bd|2.5 ba|Condo
$639,900|3 bd|2.5 ba|House
$490,000|4 bd|2.0 ba|House
$410,000|2 bd|1.0 ba|House
$142,000|3 bd|2.0 ba|Manufactured