7070 N MONTANA AVE

Portland, OR 97217
Square Ft.
6,792
$2,170,000
Modern 6-unit investment in prime Arbor Lodge location! 100% occupancy rate. Close to the MAX Yellow Line and major transit routes, this rare multi-fam investment boasts high desirability for those seeking urban convenience. Built in 2019, this building boasts energy-efficient construction, luxury details and thoughtful amenities throughout. EnergyStar rated appliances,Read MoreRead Less
Listing courtesy of Keller Williams Sunset Corridor.
Listing Snapshot
Days Online
405
Last Updated
Square Ft.
6,792
Lot Size
0.12 Acres
Year Built
2019
MLS Number
382442110
30 Days Snapshot Of 97217
$549k
+12%
(avg) sold price
39
+25%
homes sold
67
-17%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: CrawlSpace
Building
Building Area Total: 6792, Built in 2019, Storage: None, Stories: 3, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
Community
Community Features: CentralAir, Commons, FrontYardLandscaping
Cooling
Cooling: EnergyStarAirConditioning
Expenses
Operating Expense: $58,503
Exterior Features
Exterior Description: CementSiding, LapSiding
Foundation
Foundation Details: ConcretePerimeter
Heating
Heating: ENERGYSTARQualifiedEquipment, MiniSplit
Income
CAP Rate: 4.55, Gross Income: $136,770, Gross Rent Multiplier: 15.87, Net Operating Income: $98,799
Lot
Features: Level, OnBusline, Size Acres: 0.12, Size Range: SqFt5000to6999, Size Square Feet: 5,227, Size: 5,000 to 6,999 SqFt
Miscellaneous
Investor Information: AccordingToOwner, RentRecords, TaxReturnsAvailable
Parking
Features: OnStreet
Property
Number Of Units Total: 6, Property Condition: Existing, Zoning: Multi
Roof
Roof: Composition
Security Features
Features: Entry, FireSprinklerSystem, LimitedAccess, SecurityGate
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $21,300, Legal Description, Tax Year: 2025
Unit One
Actual Rent: $1,895, Area: 1132, Features: AirConditioning, Deck, Dishwasher, WasherDryer, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Two
Actual Rent: $1,895, Area: 1132, Features: AirConditioning, Deck, Dishwasher, WasherDryer, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Three
Actual Rent: $1,695, Area: 1132, Features: AirConditioning, Deck, Dishwasher, WasherDryer, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Four
Actual Rent: $1,995, Area: 1132, Features: AirConditioning, Deck, Dishwasher, WasherDryer, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Five
Actual Rent: $1,795, Area: 1132, Features: AirConditioning, Deck, Dishwasher, WasherDryer, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Six
Actual Rent: $1,995, Area: 1132, Features: AirConditioning, Deck, Dishwasher, WasherDryer, Units Total: 1, 1 total bathroom, 2 total bedroom
Utilities
Fuel Description: Electricity, Hot Water Description: Gas, Tankless, 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.