2448 SE 117TH AVE

Portland, OR 97216
Square Ft.
5,899
$1,475,000
Turn-Key Multifamily Investment in Mill Park. A true opportunity to own a well-maintained, income-generating property in the desirable Mill Park neighborhood. Situated on a single tax lot, this offering includes a six-unit apartment building and a separate single-family home (blt 1938) providing both stability and versatility in one investment. TheRead MoreRead Less
Listing courtesy of Living Room Realty.
Listing Snapshot
Days Online
3
Last Updated
Square Ft.
5,899
Lot Size
0.27 Acres
Year Built
2004
MLS Number
535479438
30 Days Snapshot Of 97216
$395k
-6%
(avg) sold price
9
-43%
homes sold
30
-48%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: CrawlSpace
Building
Building Area Total: 5899, Built in 2004, Stories: 3, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7
Cooling
Cooling: None
Expenses
Operating Expense Scheduled: 33766, Operating Expense: $33,766
Exterior Features
Exterior Description: CementSiding
Foundation
Foundation Details: ConcretePerimeter
Heating
Heating: WallHeater
Income
CAP Rate: 5.65, Gross Income: $117,060, Gross Rent Multiplier: 12.6, Gross Scheduled Income: $127,595, Net Operating Income: $83,296, Net Scheduled Income: 93829
Lot
Features: Level, Size Acres: 0.27, Size Range: SqFt10000to14999, Size Square Feet: 11,761, Size: 10,000 to 14,999 SqFt
Miscellaneous
Investor Information: AccordingToOwner, AnnualPropertyOperationData
Parking
Features: OffStreet, Paved, 7 total parking spots
Property
Number Of Units Total: 7, Property Condition: Existing, Zoning: RM2
Roof
Roof: Composition
Security Features
Features: Sidewalk
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $12,751, Legal Description, Tax Year: 2024
Unit One
Actual Rent: $2,650, Area: 1829, Features: Dishwasher, Range, Refrigerator, WasherDryerHookup, Units Total: 1, 2 total bathrooms, 3 total bedroom
Unit Two
Actual Rent: $1,075, Area: 761, Features: Range, Refrigerator, Storage, WasherDryer, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Three
Actual Rent: $1,290, Area: 761, Features: Range, Refrigerator, Storage, WasherDryer, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Four
Actual Rent: $1,215, Area: 761, Features: Range, Refrigerator, Storage, WasherDryer, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Five
Actual Rent: $1,200, Area: 761, Features: Range, Refrigerator, Storage, WasherDryer, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Six
Actual Rent: $1,300, Area: 761, Features: Range, Refrigerator, Storage, WasherDryer, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Seven
Actual Rent: $1,025, Area: 761, Features: Range, Refrigerator, Storage, WasherDryer, Units Total: 1, 1 total bathroom, 1 total bedroom
Utilities
Fuel Description: Electricity, Hot Water Description: Electricity, 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.