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4600 NE 72ND AVE

Portland, OR 97218
Square Ft.
2,600
Active
Multifamily
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$575,000
Rare opportunity in NE Portland! This expansive R7-zoned lot features three separate, functional dwellings currently occupied by long term tenants, offering immediate income potential while you plan for future development. With nearby parks, eateries, and easy access to transit, this location blends convenience with tremendous upside. Each home is maintained… Read MoreRead Less
Listing courtesy of John L. Scott Portland Central.
Listing Snapshot
Days Online
6
Last Updated
Square Ft.
2,600
Lot Size
0.42 Acres
Year Built
1954
MLS Number
259517201
30 Days Snapshot Of 97218
$512k
-3%
(avg) sold price
4
-69%
homes sold
16
-15%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: CrawlSpace
Building
Building Area Total: 2600, Built in 1954, Stories: 1, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Expenses
Operating Expense Scheduled: 7200, Operating Expense: $6,800
Exterior Features
Exterior Description: Other, ShakeSiding
Foundation
Foundation Details: Block, Slab
Heating
Heating: WallFurnace
Income
CAP Rate: 5.03, Gross Income: $35,700, Gross Rent Multiplier: 16.11, Gross Scheduled Income: $38,400, Net Operating Income: $28,900, Net Scheduled Income: 31200
Lot
Features: CornerLot, Level, PublicRoad, Size Acres: 0.42, Size Range: SqFt15000to19999, Size Square Feet: 18,295, Size: 15,000 to 19,999 SqFt
Miscellaneous
Investor Information: AccordingToOwner
Parking
Features: Driveway, OnStreet, 6 total parking spots
Property
Number Of Units Total: 3, Property Condition: Approximately, Zoning: R7
Roof
Roof: Composition
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $4,252, Legal Description
Unit One
Actual Rent: $1,000, Area: 700, Features: Range, Refrigerator, WindowCoverings, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Two
Actual Rent: $1,000, Area: 700, Features: Range, Refrigerator, WasherDryerHookup, WindowCoverings, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Three
Actual Rent: $975, Area: 1200, Features: Range, Refrigerator, Storage, WindowCoverings, Units Total: 1, 1 total bathroom, 2 total bedroom
Utilities
Fuel Description: Electricity, Hot Water Description: Electricity, Gas, Water Source: PublicWater
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Erika George and Kari McGee
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Schools In The Area

Check out nearby schools with ratings and contact info.
Scott Elementary School 503-916-6369 Public KG-5
Roseway Heights School 503-916-5600 Public 6-8
Leodis V. McDaniel High School 503-916-5220 Public 9-12
Scott Elementary School 503-916-6369 Public KG-5
Scott Elementary School 503-916-6369 Public KG-5
Roseway Heights School 503-916-5600 Public 6-8
Leodis V. McDaniel High School 503-916-5220 Public 9-12

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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.