2845 NE M L KING BLVD NE

Portland, OR 97212
$1,660,000
This well maintained and professionally managed 6 plex with commercial street front just became available! Located in the sought after Elliot, this property features all one-bedroom units. Four of the six have vaulted ceilings. Two are upstairs with huge decks, large soaking tubs, separate shower and walk-in closets. All haveRead MoreRead Less
Listing courtesy of MORE Realty.
Listing Snapshot
Days Online
15
Last Updated
Lot Size
0.15 Acres
Year Built
2007
MLS Number
287798087
30 Days Snapshot Of 97212
$915k
+1%
(avg) sold price
24
-7%
homes sold
39
+105%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Concrete
Building
Built in 2007, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7
Community
Community Features: AllLandscaping, Commons
Cooling
Cooling: WallUnit
Expenses
Operating Expense: $24,769
Exterior Features
Exterior Description: CementSiding, LapSiding
Foundation
Foundation Details: Slab
Heating
Heating: ForcedAir
Income
CAP Rate: 5.99, Gross Income: $110,840, Gross Rent Multiplier: 14.98, Net Operating Income: $99,502
Lot
Features: Commons, Gated, Level, OnBusline, Trees, Size Acres: 0.15, Size Range: SqFt5000to6999, Size Square Feet: 6,534, Size: 5,000 to 6,999 SqFt
Miscellaneous
Investor Information: AccordingToOwner, MaintenanceRecordsAvailable, RentRecords, UtilityRecordsAvailable
Parking
Features: Driveway, OnStreet
Property
Number Of Units Total: 7, Property Condition: Existing, Zoning: RHD
Roof
Roof: Metal
Security Features
Features: FireSprinklerSystem, SecurityGate, SecurityLights, Sidewalk
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $13,432, Legal Description, Tax Year: 2024
Unit One
Actual Rent: $1,445, Area: 500, Features: AirConditioning, Range, Refrigerator, WasherDryer, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Two
Actual Rent: $1,610, Area: 500, Features: AirConditioning, Range, Refrigerator, WasherDryer, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Three
Actual Rent: $1,480, Area: 500, Features: AirConditioning, Range, Refrigerator, WasherDryer, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Four
Actual Rent: $1,550, Area: 500, Features: AirConditioning, Range, Refrigerator, WasherDryer, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Five
Actual Rent: $1,730, Area: 750, Features: AirConditioning, Deck, Refrigerator, WasherDryer, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Six
Actual Rent: $1,725, Area: 750, Features: AirConditioning, Deck, Refrigerator, WasherDryer, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Seven
Actual Rent: $1,450, Area: 1200, Features: AirConditioning, Storage, Units Total: 1, 1 total bathroom
Utilities
Fuel Description: Electricity, Hot Water Description: Electricity, Tank, Internet Service Type: Cable, FiberOptics, Water Source: PublicWater
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Erika George and Kari McGee
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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.