Assumable Loan at 4.05% Interest til 2034One Two-Bedroom and Fourteen One-Bedroom UnitsThe Buckman neighborhood is one of Portland's most desirable. It is convenient to Interstates 5,405, 84, and 26, and offers easy access to Portland's extensive public transit system via both multiple bus lines and the Max light rail, just… Read More blocks away.The property itself boasts a Walkscore of 82 which deems the location to be a 'very walkable'. There is an array of restaurants, bars, shops, coffee houses, grocery stores and more. Nearby Colonel Summers Park offers a playground, dog park, community garden, sports courts, and plenty of green space to enjoy. Area planned developments, including additional residential and retail projects will continue to solidify the neighborhood's 'destination' and community feel.The immediate area surrounding the subject property has exhibited extremely high historical occupancy. When combined with the numerous walkable neighborhood amenities and ease of commute to downtown Portland, the subject property is ideally poised to attract and retain a wide variety of tenant profiles from urban professionals to young families seeking a close-in, convenient residential neighborhood. The property offers the opportunity to capitalize on a location that lends itself to continuous demand. As the Portland area's rents continue to increase, cash flow will grow steadily. The size of the property is easily owner-managed, allowing for significant expense savings.The asset will continue to provide a steady cash flow for the foreseeable future. This investment is ideal for someone looking for steady, reliable income in a low-vacancy, increasing-rent environment. Value-add investors can remodel the units to get top of the market rates withWalkscore of 94 “Walker’s Paradise”One Hundred and Thirteen Restaurants and Bars Within a Half Mile8.64% Total ReturnAcross the Street from Buckman ElementaryBuckman Neighborhood Commands Highest Rents in Close-In East Side Read Less
Listing courtesy of RMS Investment Real Estate.
Listing Snapshot
Days Online
0
Last Updated
Property Type
SingleFamilyResidence
Beds
16
Full Baths
16
Square Ft.
10,394
Lot Size
0.34 Acres
Year Built
1964
MLS Number
214522863
30 Days Snapshot Of 97214
$749k
-4%
(avg) sold price
22
+37%
homes sold
21
-46%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Appliances & Equipment
Appliances: Cooktop
Basement
Basement: CrawlSpace
Building
Architectural Style: Other, Building Area Calculated: 10394, Building Area Description: Portlandma, Building Area Total: 10394, Built in 1964, Main Level Area Total: 5197, Stories: 2, Upper Level Area Total: 5197
All information provided is deemed reliable but is not guaranteed and should be independently verified.
This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Confirm your time
Fill in your details and we will contact you to confirm a time.
Erika George and Kari McGee
or message me directly
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.