1501 SE OAK ST

Portland, OR 97214
Square Ft.
8,334
$1,895,000
Incredible investment opportunity - Classic 9 unit building in Portland’s vibrant Buckman neighborhood! Filled with vintage Portland charm, this brick building sits up off the street with a serene courtyard entry and tuck under garages for each unit! Fully rented with eight 2 bed/1 bath units, one 1Read MoreRead Less
Listing courtesy of John L Scott Portland SW.
Listing Snapshot
Days Online
198
Last Updated
Square Ft.
8,334
Lot Size
0.23 Acres
Year Built
1954
MLS Number
24669471
30 Days Snapshot Of 97214
$772k
+14%
(avg) sold price
15
-44%
homes sold
39
+30%
(avg) days on market
Snapshot
Area Map
Additional Details
Unit One
Area: 850, Actual Rent: $1,595, Features: HardwoodFloors, Range, Refrigerator, Units Total: 1, 1 total bathroom, 2 total bedroom
Property Access
Road Surface Type: Paved
Basement
Basement: FullBasement
Building
Building Area Total: 8334, Built in 1954, Storage: Basement, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8, UnitTypeType9
Community
Community Features: AllLandscaping
Expenses
Operating Expense: $63,080
Exterior Features
Exterior Description: Brick
Foundation
Foundation Details: ConcretePerimeter
Garage
Garage Spaces: 9
Heating
Heating: Baseboard, WallHeater
Income
CAP Rate: 4.92, Gross Income: $156,288, Gross Rent Multiplier: 12.13, Net Operating Income: $93,209
Lot
Features: Level, Size Acres: 0.23, Size Range: SqFt10000to14999, Size Square Feet: 10,018, Size: 10,000 to 14,999 SqFt
Parking
Features: Garage
Property
Number Of Units Total: 9, Zoning: r1
Roof
Roof: Composition
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $15,147, Legal Description, Tax Year: 2024
Unit Two
Actual Rent: $1,471, Area: 850, Features: HardwoodFloors, Range, Refrigerator, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Three
Actual Rent: $1,295, Area: 850, Features: HardwoodFloors, Range, Refrigerator, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Four
Actual Rent: $1,550, Area: 850, Features: HardwoodFloors, Range, Refrigerator, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Five
Actual Rent: $1,595, Area: 800, Features: Deck, HardwoodFloors, Refrigerator, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Six
Actual Rent: $1,295, Area: 800, Features: HardwoodFloors, Range, Refrigerator, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Seven
Actual Rent: $1,700, Area: 850, Features: HardwoodFloors, Range, Refrigerator, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Eight
Actual Rent: $1,515, Area: 850, Features: HardwoodFloors, Range, Refrigerator, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Nine
Actual Rent: $1,255, Area: 700, Features: Range, Refrigerator, Units Total: 1, 1 total bathroom, 1 total bedroom
Utilities
Fuel Description: Electricity, Hot Water Description: Electricity, Water Source: PublicWater
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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.